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The Romanian Association of Banks : 700,000 Romanians have debts with banks longer than 30 days
The executive chairman of the Romanian Association of Banks (ARB) Florin Danescu stated,onWednesday in the Judicial Commission of the Deputies’ Chamber that, at present, over 700,000 Romanians have debts with banks longer than 30 days, and 4.5 million natural persons have 7.5 million credits.
‘From the official data of BNR, 715,705 clients natural persons of the banks have debts for a period longer than 30 days, with a lower sum they are under supervision’ Danescu said, at the debate of the draft law regarding insolvency of natural persons. Danescu said that ‘there are 4.5 million natural persons who have 7.5 million credits’.
He showed that the ARB has several worries against an initiative regarding the insolvency of natural persons, showing that ‘ such an initiative could be taken over, applied and used through the law against the law’.
According to ARB a law regarding the insolvency of natural persons should have as a basis research and agreement of all parties involved – BNR, the ministry of justice, the ministry of finances, the National Agency for the Protection of Consumers and ARB – without being influenced by ‘pressures of political nature’ and not affect the financial discipline.
The representatives of ARB supported the idea that 20% of the volume of credits offered by banks are restructured and the banks try to help their clients. According to the data offered by ARB as regards the insolvency of judicial persons, 10% of the total of credits are loans offered to companies in insolvency, and between January 2009 and August 2013, out of the total of the companies in insolvency 86% got to bankruptcy, while in the phase of reorganisation there are only 1.2%.
The vicechairman CSM Adrian Bordea said, in his turn, that the Tribunal of Bucharest has 35,000 new files for bankrupcy, while there are 68,000 files for bankruptcy, the procedure being slow and as there is the issue of human resources for the solution of such trials.
He also said that the magistrates to deal with those files should be specialised and he showed that a solution would be that each Court of Appeal has a tribunal specialised in insolvency.