Isarescu: Most bad loans are at two or three banks

Most bad loans are at two or three banks, that gave consumer credit for very long terms, of 20 years, National Bank of Romania (BNR) Governor Mugur Isarescu told the Romania Financial Forum on Wednesday.'There were banks that, eager to gain market share and bonuses ... gave consumer credit for 20 years. They are not many, only two or three. It is there that most bad loans are', Isarescu said.According to him, the consumer lending extended for five to seven years is pointless and ...

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