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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Lavinia Maria Netoiu & Titu Netoiu & Nela Loredana Meita, 2013. "Impact of Financial Crisis on Lending in Romania. Analysis for the Period 2007-2012," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 111-117, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2013:i:15:p:111-117
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    File URL: http://feaa.ucv.ro/FPV/015-014.pdf
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    More about this item

    Keywords

    loans; crisis; outstanding; performing; caution;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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