Credit sales to individuals have not seen a noticeable declineafter the tough adjustment measures implemented by the Governmentin the summer, but this only means they are stagnating at the lowlevel reached back in 2009, says {erban Epure, director general ofthe Credit Bureau.
Several banks resumed promotional offers for retail loans in autumn- especially for mortgage-backed ones, after withdrawing them inthe summer, but with no palpable effect. From July until Octoberthe Credit Bureau issued around 340,000 credit reports at therequest of banks seeking information on potential clients. Inspring the number of reports had been only slightly higher, around370,000 reports per month. Considering that banks requestinformation on potential clients every time they analyse a creditapplication, the indicator gives a good approximation of loandemand from the individuals.
This year's monthly level of lending does not differ very much fromamounts recorded in 2009. In September demand was down 7%, after a15% decline in August. But credit sales are just a shadow of whatthey used to be in the boom year 2008, when the Bureau releasedbetween 600,000 and 800,000 credit reports per month.
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