Impact of Financial Crisis on Lending in Romania. Analysis for the Period 2007-2012

Lavinia Maria Netoiu, Titu Netoiu and Nela Loredana Meita
Additional contact information
Lavinia Maria Netoiu: University of Craiova Faculty of Economics and Business Administration
Titu Netoiu: University of Craiova Faculty of Economics and Business Administration
Nela Loredana Meita: University of Craiova Faculty of Economics and Business Administration

Finante - provocarile viitorului (Finance - Challenges of the Future), 2013, vol. 1, issue 15, 111-117

Abstract: Non-performing loans are a reality of Romanian economy. The period 2006-2009 was characterized by easy crediting conditions and a boom in terms of personal loans and mortgages, which were followed by the economic crisis that struck Romania and triggered the emergence of bad loans and their growth in a rhythm described as alarming. Banks, under these conditions, proceeded to refinance, to reduce on savings’ interest, to reschedule the payment terms, their final aim being to reduce the number of bad loans that threaten banks’ performance. Immediate economic developments tend to worsen the situation of the debts Romanians have to banks and their efforts to recover them are still higher. At present the relationship between bank and clients is characterized by a special attention given to the determination of a certain client’s trustworthiness and the fact individual clients are more temperate in accessing credits, even if banks have tempting offers.

Keywords: loans; crisis; outstanding; performing; caution (search for similar items in EconPapers)
JEL-codes: G23 G32 (search for similar items in EconPapers)
Date: 2013
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/FPV/015-014.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2013:i:15:p:111-117

Access Statistics for this article

Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU

More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Alina Manta ().