They said financial auditors have found discrepancies between the guarantees reported by local banks for the first half of 2012 and the market value of said guarantees.
The mid-year financial audits have shown provisions in the system were in fact double compared with the initial reported value, which would translate into a cumulated loss of RON3 billion for the first six months.
However, most lenders said they have already covered the remaining provisions without significant additional losses, which would indicate higher operating income in the second half of 2012.
Romanian banks reported a combined net loss of 192 million lei (EUR43 million) in the first six months, hurt by rising provisions in the second quarter, central bank data showed.
Provisions for bad loans increased to RON26.3 billion at the end of June, from RON23.85 billion in March. The results were computed according to IFRS.
Of the 41 active lenders on the local market, 23 reported profit in the first half of 2012, while the reminder 18 posted losses.
Bankers estimate a combined net loss of approximately RON400 million in the January-October period.
IFRS figures on loan-loss provisions in the Romanian banking system were first centralized in January 2012, when the banks reported total provisions of RON22.56 billion.
Romania’s banking system posted a net loss of around RON777 million in 2011, according to audited data. The figures were revised from a loss of RON430 million previously reported.