Romania’s non-performing loans rate up to 9.75 pct in January

The rate of non-performing loans went up by 0.29 percentage points to 9.75 percent in January, according to the data of National Bank of Romania (BNR).

The level is lower by 3.71 percentage points compared with January 2016.

The deputy governor of BNR, Liviu Voinea recently declared that the central bank aims to reach 6 percent of the non-performing loans in 2017.

„The NPLs continued to increase. This year, the target is 6 percent for the non-performing loans, which is the European average. We are however, over the European average regarding the provisions of these loans,” said Voinea.

The number of individuals registered at the Credit Office with back payments to banks and financial institutions longer than 30 days went up by 13,029 to 648,873 in January compared with December, the third month in row of increase, according to the BNR.

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The value of back payments reached RON 8.08 billion in January, a growth by one percent compared with December, out of which RON 3 billion in the national currency and RON 3.45 billion in EUR equivalent and RON 1.58 billion equivalent in other foreign currencies, as well as RON 45.5 million equivalent in USD.

The back payments longer than 90 days represented RON 4.5 billion. Also the BNR statistics shows that there were back payments RON 62.9 million, with a delay of 61-90 days, respectively RON 38.7 million, between 31-60 days.