Bounced payments also rose against the level of October, when they stood at RON774 million.
Bounced payments became a widespread phenomenon during the crisis, when there were several monthly peaks of above one billion lei. This came amid companies’ falling revenue and the huge wave of companies that went insolvent.
The largest part of bounced payments in November, RON783 million, was related to promissory notes. The sum increased by RON60 million on the month.
The number of bounced payment cases reached 9,600 last month, down by around 2,000 from the level of November 2013. The average value of a bounced payment thus rose to RON84,000, almost double against the year-earlier period, indicating large companies are having cash problems.
The monthly average of the first 11 months stood at RON671 million. By comparison, the monthly average of the same period of 2013 stood at RON785 million.
(English version by Catalina Apostoiu)