The number of requests sent in January-August is below the one registered in a single month during the peak period of lending.
Banks in August demanded 82,700 reports, meaning 4,900 requests, namely almost 6%, less compared with August 2013. While CRC provides data both on individuals and legal persons, clients checked upon with the CRC are generally companies. Individuals are usually checked upon with the Credit Bureau.
Analysts believe companies are wary of investing because of the slowing pace of economic growth both in Romania and Europe, of the various unfavorable fiscal measures, as well as because of previous trouble with bank loans.
The fallout of the crisis has been most strongly felt by small and medium-sized companies, but also by a series of large ones, whose revenue has plummeted. In this context, banks’ risk aversion is still high.
Against the peak period of lending, the number of requests banks sent to CRC to check on prospective clients is around 13 times lower than that of August 2007, where there were over one million such requests.
(English version by Catalina Apostoiu)