Voinea: 7,000 notifications for debt discharge bill until February 2017 for RON 2 bln loans

The number of notifications for debt discharge bill reached 7,000 at the end of February 2017 and the value of loans was RON 2 billion, said on Wednesday Liviu Voinea, the vice-governor of National Bank of Romania (BNR).

„Out of these notifications, 99 percent come from individuals. The trend was decreasing starting July. There are 6,000 debtors. In practice, 755 persons notified for more than one credit, „ said Voinea at the conference organized by the European Commission in Romania, according to Agerpres.

According to Voinea, the total value of the notified loans was RON 2 billion and 67 percent of them are in the banks’ balance sheets at the notification moment.

„93 percent are in foreign currency, 40 percent being CHF. Two thirds of these loans are non-performative loans and fully provisoned at the moment of notification issuing. 76 percent of them were given in 2007-2008 period. More than 90 percent of them had an unpaid loan value that was higher than the current value of the guarantee,” said Voinea.

The debt discharge bill was adopted in the first part of 2016 and was enforced on May 13.