Number of default payers reaches maximum

October 26, 2009

The number of default payers reaches its maximum since 1996 and will continue to grow this year

After the pause in the month of June, the number of default payers is rising up again. The gage, which has become the biggest problems for banks and other financial entities doesn’t stop rising: in August it reached 4,93%, a rate which it hasn’t reached for the last 13 years. Exactly since July of 1996. The 90.618 million which banks and other financial entities record as a doubtful recovery has been converted into a hole which will keep getting bigger this year.
The growth of the “numbers that are in the red” has to be attributed to the bad economic situation and to the guaranteed worsening of unemployment.
For those who need some consolation, the interest rates of delayed payments will get lower and we are assured that the financial system is capable of coping with the actual situation.