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Romanian banks bad loan ratio climbs to 21% in Aug

Romanian banks bad loan ratio climbs to 21% in Aug

BUCHAREST (Romania), October 7 (SeeNews) - The share of non-performing loans in the credit portfolio of Romanian banks climbed to 21% in August from 17.61% a year earlier, the central bank, BNR, said.

The bad loan rate stood at 20.93% in July, the Romanian central bank said in a monthly report published on Friday.

The loan portfolio of Romanian commercial banks declined to 295.4 billion lei ($90.5 billion/66.6 billion euro) at the end of August from 304.5 billion lei a year earlier

At end-2012, 31 banks and eight branches of foreign banks operated in Romania, a country of 20.1 million people.

(1 euro = 4.4385 Romanian lei)

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