Foreign currency-denominated loans are starting to cause bankers headaches, as clients who took out loans in euros or Swiss francs in 2006-2007 are now starting to feel the pinch of the exchange rate.
The population in late October registered over 30-day delays in paying instalments for loans worth 5.37bn RON (1.26bn euros), up 6.5% month-on-month, with bankers coping with rising problems on the segment of foreign currency loans, NBR data show. In euros, the increase amounts to 6.8%.
The overdue sums for euro loans climbed by 16m euros in October, to the equivalent of 1.86bn RON (436m euros), while delays in paying Swiss franc-loans went up by 15%, to 667m RON (156m euros).
In September and October, overdue payments on foreign loans rose by the equivalent of over 400m RON, while the RON declined both against the euro and the Swiss franc.
The past two years have seen many factors add up and now putting pressure on clients with foreign currency loans, including the exchange rate decline.
Foreign currency-denominated loans are starting to cause bankers headaches, as clients who took out loans in euros or Swiss francs in 2006-2007 are now starting to feel the pinch of the exchange rate.
The population in late October registered over 30-day delays in paying instalments for loans worth 5.37bn RON (1.26bn euros), up 6.5% month-on-month, with bankers coping with rising problems on the segment of foreign currency loans, NBR data show. In euros, the increase amounts to 6.8%.
The overdue sums for euro loans climbed by 16m euros in October, to the equivalent of 1.86bn RON (436m euros), while delays in paying Swiss franc-loans went up by 15%, to 667m RON (156m euros).
In September and October, overdue payments on foreign loans rose by the equivalent of over 400m RON, while the RON declined both against the euro and the Swiss fra
