Romanian non-banking consumer loans up 10% in first half of 2015

The Financial Companies Association in Romania – ALB members representing the consumer credit non-banking institutions granted in the first half of 2015 credits amounting 1 149 million RON, i.e. an increase of 10% compared to the same period of last year, said ALB in a statement.

Consumer credits for personal consumption represent 91.9% out of the total, meaning 1 056 million RON while industrial credits represent 5.3% (60.5 million RON) and credits for vehicles 2.8% (32.5 million RON).

Compared to the same period of 2014, in the field of consumer credits for personal consumption, the revolving credits quota has decreased from 49% to 48%, the personal loans have a quota of 43%, a 2% increase and credits at the point of sale have decreased from 10% to 9%.

Vehicle credits granted by ALB members of the consumer credit industry were dedicated 83% to the acquisition of new vehicles – decreasing by 2% compared to the same period of 2014 – and 17% to the acquisition of second-hand vehicles – an increase of 2%.

Taking into consideration the credit amount, the loans for more than 10,000 Euros have recorded an increase of 3% and those between 5,001 and 10,000 Euros an increase of 1%, as compared to the same period of 2014.

Loans up to maximum 1,000 Euros and those between 1,001 and 5,000 Euros have decreased by 2% as compared to the values from June, 2014.

In terms of debtors based on age, compared to the same period of 2014, there is a comparative increase of 1% weight for all of the following categories: credits granted to people aged over 55 (from 28% to 29%), those granted to people aged 45 to 55 years (from 21% to 22%) and credits granted to people aged 25 to 35 (from 19% to 20%).

The weights of credits granted to people aged between 35 and 45 years and for people under 25 years have recorded a decrease of 1% and 2%
respectively.

Out of the total granted financing, taking into consideration the clients’ gender and marital status, 54% were loans granted to men and 46% to women. Out of them, 63% declared they are married and 37% unmarried. These values have kept constant in the analysed period.

Compared to the same period of 2014, considering the level of education, the loans granted to people with elementary education have increased from 13% to 15%, while those granted to people with secondary education have decreased from 52% to 50%.

Loans granted to people with higher education have kept a constant quota of 35%.

The net income of the NBFI client who accessed a consumer credit ranges from 501 and 1,000 RON for 47%, from 1,001 to 1,500 RON for 24% of the clients, followed by an income from 1,501 to 2,000 RON for 10%.

5% have an income ranging from 2,001 to 2,500 RON, 8% have declared
incomes over 2,500 RON and the rest of 6% have declared incomes smaller than 500 RON.

ALB is representing, based on statistics, 78% of the NBFI consumer credit total market in Romania and is member of the Consumer Credit Federation in Europe – Eurofinas.

ALB Consumer Credit Council

Olivier Floris – ALB President
Adriana Ahciarliu – ALB Secretary General