Non-bank financial institutions (NBFI) have frozen funding thisyear, with sums paid back topping the new money lent mainly toindividuals and services companies, show NBR data.
The loan portfolios of NBFIs registered in the special registry ofthe NBR shrank by 600m euros or 7.5% in the first six months,reaching 7.4bn euros (the equivalent of 32.3bn RON) in late June.
The registry includes NBFIs with a minimum loan volume of 25m RONand equity capitals and borrowed sums of at least 50m RON.
"I do not believe the sliding lending activity is related to thecost of loans, but rather to the shortage of demand. Theindebtedness level of clients targeted by such loans is very high,with the growth potential being particularly limited on the segmentof individuals," comments Felix Daniliuc, general manager ofRaiffeisen Leasing.
NBFIs halted funding to almost all sectors, except agriculture andpublic administration.
While the volume of loans granted by NBFIs dropped, portfolioquality continued to worsen, so that overdue sums climbed by almost50m euros, to 343m euros (1.5bn RON).
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