Romania Overdue Pays On Loans Above RON20,000 Rise To RON14.6B In Sept

Romanian overdue payments on loans of at least 20,000 lei (EUR1=RON4.287) more than doubled to RON14.6 billion in September compared with the year-ago month, central bank data showed Monday.

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In September 2009, overdue payments stood at RON6.2 billion.

Compared with August, overdue loan payments rose 7.7% in September, the data showed.

Overdue loans as share of total debt rose to a record high of 6.31% end-September, from 3.46% in December 2009.

The number of Romanian corporate and household debtors reached 973,660 million in September, of which 242,141 had past due payments.

Total loans and commitments assumed by Romanian lenders stood at RON264.5 billion end-September, up 4% from the end of 2009.

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