Nearly a quarter of the Romanian population is in debt, says report of National Bank

Approximately 4.5 million Romanians have loans, which surpasses the total number of employees. The category most at risk not to succeed to pay up to the banks is represented by 500,000 people who have three loans, two loans taken from the bank and one from other financial institutions. At the end of July, the debts of these people cumulated RON 13.8 billion.

“On average, a debtor had to pay up around 1.75 loans in June 2010. The rapid and significant fall into debt of the population requires attentive monitoring taking into consideration the fact that households do not have experience in administering important stocks of bank debts over an entire cycle of business, and especially during its decline, and current evolutions are worrying,” shows the report which looks at financial stability in 2010.

The most numerous un-performing loans are those of small value, under RON 5,000.

Otilia Haraga

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