ZF English

One in four contracts generates losses to leasing and consumer finance companies

Autor: Ciprian Botea

23.03.2011, 23:40 10

Non-performing loans accounted for one quarter in the portfolioof non-banking financial institutions at the end of last year, downfrom almost 30% in June 2010, according to the data provided by ALBRomania, the association representing the interests of the leasingand consumer lending industry. However, compared with three yearsago, the weight of bad loans is twice as high.

There are no data on the total volume of loans granted bynon-bank financial institutions, but the institutions included inNBR's special registry in late January had a funding portfolio of36bn lei (8.5bn euros), meaning a value of bad loans of above 9bnlei.

"Around 10% of the total number of clients have payment delaysof over 90 days, but this does not necessarily mean default. We'rein talks with these clients to find restructuring solutions,"stated Antoaneta Curteanu, CEO with UniCredit Leasing andchairperson of ALB Romania.

Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels

AFACERI DE LA ZERO