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The increase in non-performing loans - one of the risks of the banking system this year
Recorded by Emilia Olescu (TRANSLATED BY COSMIN GHIDOVEANU)
• (Interview with Gabriela Folcuţ, Executive Director of the Romanian Banking Association)
An increase in the volume of non-performing loans is one of this year s risks for the banking system, Gabriela Folcuţ, Executive Director of the Romanian Banking Association (ARB) told us. The Balance of Non-Governmental credit evolved by 5.5% in 2020, as the economy contracted by 5.2%, according to estimates. Thus, paradoxically, we could also witness an increase in the degree of financial intermediation, up from 25%. .
In 2021, lending is expected to record a growth rate at least equal to that of 2020, but this sector is also affected by uncertainties related to the evolution of pandemic. One of the identified risks is that of an increase in of non-performing loan ratio.
• Vasilescu, BNR: When some banks have to implement some European directives, they blame the NBR
• Bankers behavior on customers needs to be cordial and respectful in any circumstances , says Adrian Vasilescu
For a long time, when some banks have to implement certain European directives, they blame the NBR in order to justify themselves, said Adrian Vasilescu, strategy consultant at the National Bank of Romania. He points out that credit institutions ask customers to answer various questions, annoy them and tell them that this is what the National Bank asked them: It is already a reflex for many banks.
First Deputy Governor Florin Georgescu sent a circular to credit institutions, warning them to take care of customers and consider them partners, not to behave with them as they would with financial terrorists.