Banks’ bad debt reserves advanced by only 0.3% in September to 12.89 billion lei (€3.07 billion), after a monthly growth rate of 6.5% in August.

In the Jan-Oct 2009 period, banks set aside collectively 81.6% more than 7.6 billion lei in 2008.

In October, loss loans provisions totalled 11.83 million lei (€2.75 billion) or 85.7% of the banks’ impairment charges.