“The overdue loan rate dropped from 2.47% in June to 2.46% in July, the lowest level since March 2009,” said Andrei Radulescu, chief macroeconomic analyst at Banca Transilvania.
The overdue loan rate reached 2.6% on loans in lei and 2.16% on loans in foreign currency in July.
Private lending grew 3.6% on the year in July, to RON272 billion , of which 68% were loans in lei.
In the first half of 2020, banks in Romania reported a total net profit of RON2.8 billion and the banking system’s solvency increased towards 23%.
The non-performing loan (NPL) rate in the local banking system stood at 4.38% at the end of the first half, from 4.7% in the same period last year.