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The Romanian banking system’s efficiency was smaller than in the region, in the first semester
In the first half of this year, the Romanian banking system, saw a fast cost rise. Therefore, at the end of June 2009, the income/costs report was larger in Romania than in Hungary or Poland. This is after, at the end of last year, the performance indicator was in line with the regional level. As a result, the Romanian banking system was characterized with a low level of efficiency in the first semester of this year. Data published by the National Bank of Romania has shown that, in... citeste mai mult
The number of people who didn’t pay their loans doubled in the last 12 months
According to the Banking Risks Principal Office, this year’s unpaid debts formed 2.5% of the total of loans. Even more, 200.000 people were in default for loans of over 20.000 RON, meaning almost 20% of the clients in this loan margin. Comparative to the values recorded last year, the number of bad loaners doubled, from 1.15% to 2.5% in the period of May 2008 – May 2009. BNR (Romanian National Bank) data shows that at the end of May 2009, over 5.75 billion RON of all loans... citeste mai mult
