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The Refinancing Loan as a Compromise Factor Between Costs Widening and the Insuring of the Financial Stability of Individuals

Author

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  • Neguriþã Octav

    („Spiru Haret” University, Faculty of Accounting and Financial Management Constanta)

Abstract

The refinancing loan has represented until recently, for individuals, a complicated, expensive and risky way to finance current financial needs. Until the outbreak of the economic and financial crisis, banks were offering more credit alternatives, refinancing being relatively sidelined in the loan portfolio both for businesses and individuals. The deepening and the continuation of the crisis, plus a slight increase in the rate of overdue and doubtful loans, have determined the banking environment to look for other ways to slow down this phenomenon. Promoting refinancing loan, not only at the inter-banking level, but also in relations with non-bank customers, may be a way of recovery, in this context many persons being unable to pay outstanding rates.

Suggested Citation

  • Neguriþã Octav, 2011. "The Refinancing Loan as a Compromise Factor Between Costs Widening and the Insuring of the Financial Stability of Individuals," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1502-1506, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1502-1506
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    More about this item

    Keywords

    refinancing; conditions; warranties; fees; rules.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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