Around 40% of the consumer loans were revolving loans, i.e. overdraft financing and credit cards.
“BCR has made extraordinary progress regarding leu-denominated financing in the last quarter of 2013,” said Andrew Gerber, head of retail products at BCR. “We see clear signs of a sustainable recovery in the market.”
Despite the uptick in leu-denominated loans, BCR’s overall lending activity declined 12.2% on the year to RON46.73 billion in 2013, hurt by weak demand.