Loading ...“Commercial banks take into account non-performing lei credits, translated into the price. Moreover, the banks with lei liquidities prefer granting credits to the public sector, where there are bond issuances and government securities, with minimal risks compared to crediting population activity”, said Oprescu.
Bankers urged the reduction of the mandatory minimum lei reserve to two percent, as an encouragement measure of the lei loan activity. “A reduction of the lei reserve to two percent would lead to dropping interest rates to lei credits”, underlined Robert Rekkers, Transilvania Bank director general.
According to commercial banks representatives, currently, the non-performing rate of lei loans is twice as much as for the foreign currency credits, which explains partially the banks reservation toward lei crediting. Romania’s National Bank data reveal that total overdue loan re-payment in the first nine months of 2009 rose 2.1-fold and 3.45-fold in annual terms.
Bad loans also increased by 4.3 percent in September, in monthly terms and 18.3 percent compared to June. The value of lei loans arrears stood at 3.8 billion lei on Sept. 30, up 5 percent from August and 17 percent from June. As for foreign currency loans, the lagging behind totalled 2.7 billion lei (denominated), on Sept. 30, 4.5 higher than the similar month of 2008.
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