The number of individuals with bank and non-banking financial institutions arrears exceeding 30 days dropped by 1.17 percent in December as compared to the previous month, reaching 658,556, according to the latest data released by the National Bank of Romania (BNR) .These individuals had arrears worth over 7.38 billion lei. Most of the amount was expressed in lei and euro, 3 billion lei and the equivalent of 3.02 billion lei in euro, respectively. Depending on the overdue category, the highest value corresponds to the 90-day deadline, with 4.21 billion lei.
The rate of non-performing loans fell down to 7.31% in November, by 0.33 percentage points as compared to the previous month, and by 2.59 percentage point respectively, as compared to the similar month of 2016.
Liviu Voinea, BNR Deputy Governor, said at the beginning of last year that the Central Bank aims at a 6 percent target for non-performing loans this year.
"Non-performing loans have continued to decline. This year we have the 6 percent target with non-performing loans, which means that we want to reach the European average. We are, in exchange, above the European average in terms of the provisioning of these loans. As far as the budget goes, Romania should not use public money for the banking sector these years, starting with 2009," Voinea said.