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Monday 16.07.2018 | Name days: Hermīne, Estere

Six moths delay of payment - for 14.6% of borrowers

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Amongst the obligations with delays in payment, the largest proportion are those that have been delayed for more than 180 days or about half a year – 231 776 obligations or 14.6%.

According to the data provided by the Credit Register on 1 591 161 operating obligations, at the end of the second quarter of 2010, 1 201 691 obligations or 75.5% did not have a delay in payment, indicates the information available on the Bank of Latvia homepage.

Moreover, 44 549 obligations have a delay in payment up to five days (2.8%), from 6 to 30 days – 51 294 liabilities (3.2%), from 31 days to 90 days – 34 610 obligations (2.2%), from 91 days to 180 days – 27 148 obligations (1.7%), while 231 776 obligations (14.6%) have delay in payment for more than 180 days.

After assessing the obligation balance according to the type of currency, 83.3% of the total obligation balance (converting in lats – 13.42 bln lats) have been presented as euro obligations, 8.3% (1.33 bln lats) – US dollar obligations, 7.7% (1.24 bln lats) – obligations in lats, and 0.6% (0.10 bln lats) – obligations in Swiss francs.

Compared to the first quarter of this year, the proportion of euro obligation balance has increased by 1 0%, in US dollars – by 1.9%, while the proportion of balance of obligations in lats decreased by 2.9%.

At the end of the second quarter of 2010, from the operating 1 591 161 obligations, 1 181 097 (74.2%) were issued in lats, 391 488 (24.6%) – in euro, 17 286 (1.1%) – in US dollars obligations, and 1 290 (0.1%) – in other currencies.

From issued 1 180 097 obligations in lats, 621 035 (52.6%) were other credits for the for consumer product purchase, 491 276 (41.6%) – payment card credits, 20 686 (1.8%) – other obligations, 17 369 (1.5%) – mortgage loans for the purchase of property.

From the issued 391 488 euro obligations, 128 635 (32. 9%) were mortgage loans for the purchase of property, 98 761 – financial leasing transactions (25.2%), 82 532 (21.1%) – other credits for consumer product purchase, 22 560 (5.8%) – operational leasing transactions, 21 610 obligations (5.5%) – payment card credits, 14 113 obligations – other credits (3.6%). Whereas, from the 17 286 issued US dollar obligations, 7 822 (45.3%) were payment card credits, 4 750 (27.5%) – mortgage loans for property purchase, 1 497 (8.7%) – other credits for consumer product purchase.


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