Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Study : half of the Romanians have debts and...

Study : half of the Romanians have debts and three quarter do not feel the moral pressure to pay them in time

December 16, 2021

  Half of the Romanians have debts, and 77% do not feel the moral pressure to pay them on time, shows the most recent study made by Kruk Romania.The study shows that only 8% of the Romanians pay their debts responsibly and 77% do not have the sensation of moral pressure when they do not pay them back. Moreover, out of the interviewees, 43% do not consider that they should pay their debt because it is fair, although three quarters of them think that the people who do not pay back their debts are not to be trusted. Moreover, 88% would like to be rewarded for paying their debt on time. Almost one third of them with loans go beyond the deadline of 30 days.The study shows that for 16% of the Romanians with loans the payment of the debt is not a priority. At the same time, 3% of the Romanians think that nothing can happen to them if they do not pay their debts on time.The study made by Kruk shows that half of the Romanians do not have any savings during a normal month, but almost the same percentage have debts. Most of the Romanians choose banks as a saving instrument, although 68% state they do not trust them. Only 1% would choose investments in gold and only 2% crypto coins or the stock exchange. This happens as almost 40%of the Romanians state that the money only lasts for a decent living.As a result, the worry of the banks and other creditors that they will not get their money back is justified, think the representatives of Kruk Romania and even when getting a postponement which seems like an oxygen boost the risk of non-payment is still there. The degree of indebtedness has increased this year by 4% both for natural persons (172 billion lei against the first quarter of last year) and legal persons (220 billion lei). A significant part of those who have loans – the most recent estimate referred to 10% of the postponed loans – will get into the category of non-performing for which the banks needed and will need to have provisions. Personal loans and those of companies in the affected sectors will be hard to manage next year as well.As compared to the level of 2008, before the previous economic crisis, the official data show that the population indebtedness grew by almost 50% due to the increase of banking creditation. The financial system expects a new wave of non-performing loans, generated by the sanitary crisis. For the moment, the BNR data show that, at the end of the second quarter of this year, the rate of non-performing loans was 3.78% against 3.94% at the end of June. The rate of non-performance of the non-financial companies which used the suspension of rates was 12.3% in March this year, as compared to 5.2% for the companies which did not declare moratoriums while for the sector of the population the values were 7.4% and 3.1% respectively.According to the ministry of finances, until the end of September 2020, the total balance of loans for which postponements were approved was 42.9 billion lei (8.8 billion euro). The percentage of those loans – contracts of almost 558,000 debtors – represents 14.7% of the total of loans offered by the local banking sector. The study made with IRES in November 2021 was started in Romania to celebrate ‘ Day without Debts’ an international initiative of the Kruk group, organized for the eleventh year in a row on 17th November.  

Read in full - click here
Iron Maiden to bring ‘Run For Your Lives’ tour to Bucharest in 2026

British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]

Three out of four Romanians believe Ukraine war greatly impacts Romania, survey shows

Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]

Romanian investor reportedly buys Bucharest’s emblematic Scala building

Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...

Bucharest Parking Company reports strong results, adds over 12,400 new parking spaces in H1

The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18.  CMPB reported a net profit of RON 28.3 million for January–June […]

Romanian project creates seagrass meadows, artificial reefs in the Black Sea

Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]

Former California pastor accused of sexual abuse, child trafficking at Bucharest shelter

A former pastor from California has been accused of sexual abuse and child trafficking at a shelter he ran in Bucharest, according to lawsuits filed by two Romanian men in the California District Court, AP reported. The complaints, filed by 33-year-old Marian Barbu and 40-year-old Mihai-Constantin Petcu, reportedly say that former pastor and missionary of […]