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Number of retail borrowers on “blacklist” rises more than a quarter in 2010

The number of retail borrowers on a “blacklist” of those who are or were behind on payments by at least 90 days rose by 26% to 1,767,000 in the twelve months to the end of 2010, data published by BISz, which compiles the list, shows.

The increase in the number of borrowers on the list slowed from a 40% rise in 2009.

Borrowers who fall more than HUF 73,500 -- the monthly minimum wage -- behind on loan payments for more than 90 days are inscribed on the list. Borrowers remain on the list for a period of five years.

The number of retail borrowers on the list who had settled their debts but had still not reached the five-year threshold was 374,000 at the end of 2010.

The number of corporate borrowers on the list inched down about 1% to 1,380,000 in 2010. The number who had settled their debts was 962,000. (MTI – Econews)