The NPL rate, which translates into arrears overdue for more than 90 days and for which recovery procedures were started, registered the first monthly increase since August 2015. By comparison, in February 2015, the NPL rate stood at 20%, according to data provided by Romania’s central bank (BNR).
BNR asked commercial banks in Romania, in the first half of 2014, to clean up their balance sheets off NPLs, therefore, banks had to set up additional risk provisions to enforce the recommendations of the central bank.
In 2016, several transactions for the sale of NPLs were conducted on the market.