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BNR: 6,400 debt discharge notifications at 2016 end

The number of debt discharge notifications reached 6,400 at the end of 2016 and the volume of notified loans stands at 1.8 - 1.9 billion RON (400 million Euro), deputy director of the Financial Stability Directorate within the National Bank of Romania (BNR) Florian Neagu stated, according to Agerpres.

2017-01-31 14:16:13

"If we take a look at the actual statistics, to what is currently happening on the market, we can see that the number of debt discharge notifications at the end of December 2016 was approximately 6,400, and the volume stood at almost 1.8 - 1.9 billion RON," said Neagu. "It isn't high, but it isn′t low either. If in the first months since the Law was adopted we had over 1,000 notifications per month, over the last months of last year, the average reached 100 - 150 notifications per month, but remains to be seen what will happen, because it just might be a waiting period, and it could start again."

According to the BNR official, the data confirms the initial estimations, according to which hundreds of thousands of cases were to use this procedure. Neagu also explained that, according to the BNR analysis, almost 300,000 debtors would be eligible for debt discharge and the loans volume would be 42 - 43 billion RON (9.5 billion Euro).



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