Romanian Lender BCR Mulls Payment Delay For Laid Off Clients

BCR saw an increase in overdue loans in the last months, due to higher installments in the case of certain loans whose promotional period ended, but also due to higher financing costs in euros and lei, which triggered an interest hike, Sorin Mititelu, CEO of BCR’s Business Development and Retail Products Department, said.

BCR, the Romanian unit of Austria’s Erste Bank, will ensure technical support and consultancy services to clients that face temporary liquidity problems.

According to the latest central bank data, foreign currency non-performing loans rose 11.02% on the month in November, compared with the growth of 12.66% for Romanian leu non-performing loans.