Compared with May 2019, the overdue loans volume fell by 4.2%.
”The overdue loans rate fell from 3% in May to 2.8% in June (the lowest level in ten years), as follows: 2.8% for lei-denominated loans and 2.9% for foreign currency-denominated loans”, said Andrei Radulescu, macroeconomic analysis director with Banca Transilvania (BT).
According to central bank data, overdue payments on lei-denominated loans stood at RON4.83 billion in June 2019, down 2.1% versus May, and overdue payments on foreign currency-denominated loans, expressed in lei, stood at RON2.57 billion in June, down nearly 8% on month.
Of the overall loans reported by the central bank countrywide, Bucharest people held local currency loans of RON61.9 billion and foreign currency loans, expressed in lei, of RON43.6 billion at the end of June 2019. Of these, overdue local currency loans stood at RON1.8 billion and overdue foreign currency loans, expressed in lei, stood at RON1.05 billion.
Private lending in Romania grew 0.8% (+1% in real terms) in June compared with May, to RON259.57 billion, central bank data showed Tuesday. Local currency lending increased 1.3% (+1.5% in real terms) on the month in June, while foreign currency lending decreased 0.1% when expressed in lei and grew 0.1% when expressed in euros, the central bank said.
Compared with June 2018, private lending in Romania grew 7.1% (+3.1% in real terms), as local currency lending grew 9.6% (+5.5% in real terms), and foreign currency lending grew by 2.4% when expressed in lei and by 0.8% when expressed in euros.