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BNR: Companies short-term foreign debt hits 5.4 bln euros

The short-term foreign debt of the companies in Romania reached 5.4 billion euros, to which 3.6 billion euros in loans from the parent companies is added, stated on Friday Ion Dragulin, director of Financial Stability Department in Romania's National Bank (BNR), in a seminar of KPMG Romania consultancy.

'Failure to restructure part of them, at least, supposes that the companies will have to appeal to domestic banks' financing', said BNR representative. He appreciated that, in the period to come, due to higher foreign financing costs, the accent will be laid on internal lending and mentioned as opportunities to this end the infrastructure projects, population, SMEs and companies benefiting of financing from abroad, which no longer have such possibilities.

Currently, the domestic banks ceased to be the main lending source for the companies, but they remained the main vehicle in the case of population, said Dragulin.

As for the companies, external RON-denominated financing accounts for 20.5 percent and foreign currencies-denominated external financing - 26.8 percent. In the case of population, banking lending in RON accounts for 40.4 percent of the total and the foreign currencies lending - 52 percent, as well as IFNs lending accounts for 3.8 percent both in RON and in foreign currencies, stressed BNR director.

SMEs continue to draw modest amounts from the banks, just 15 percent of these companies appealing to loans. Main financing sources are own shareholders and commercial loans, whereas the domestic banking credits account for just 12 percent of the passives.

Population further shows a high potential in the field of loan demand and BNR Regulation 11/2008 creates the conditions for the passage from the 'rush to quantity to the rush to quality', BNR representative also said.

He explained that the new indebtedness degrees exceed the effective values practiced by the banks in the case of lower-risk clients and anyway some banks are more exigent than the central bank recommendations.

Dragulin also said that the lending risks are on the rise and could significantly amplify and the lending process must be continued on cautious basis.

 

Sursa: http://www.actmedia.ro

Tags: companies lending percent financing euros foreign bnr kpmg

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