Banking system provisions, 3,000bn ROL
The level of provisions set up by commercial banks by late March 2003 had amounted to a little above 3,000bn ROL, up 50% as compared to the volume registered at the end of last year, according to National Bank of Romania data. "The value of provisions is not significant if looking at the total volume of net lending, which is close to 200,000bn ROL
The level of provisions set up by commercial banks by late March 2003 had amounted to a little above 3,000bn ROL, up 50% as compared to the volume registered at the end of last year, according to National Bank of Romania data. “The value of provisions is not significant if looking at the total volume of net lending, which is close to 200,000bn ROL. As compared to March 2002, the level of provisions witnessed an actual growth of 24.4%, while the balance of non-governmental credits rose by 31.8% in real terms,” stated central bank vice-governor Mihai Bogza. ZF
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