BNR: Non-government loans granted by credit institutions up 0.5% in January

At end-January 2019, broad money amounted to RON 382,664.2 million, up 0.4 percent (down 0.4 percent in real terms) month on month. In year-on-year comparison, broad money rose 9.7 percent (6.1 percent in real terms), the National Bank of Romania (BNR) informs in a release posted on its website.

At end-January 2019, non-government loans granted by credit institutions advanced 0.5 percent (down 0.4 percent in real terms) from December 2018 to RON 252,190.9 million. RON-denominated loans went down 0.4 percent (down 1.2 percent in real terms), whereas foreign currency-denominated loans advanced 2.1 percent when expressed in RON (up 0.6 percent when expressed in EUR). In year-on-year comparison, non-government loans went up 8.4 percent (4.9 percent in real terms), on the back of the 12.8 percent increase in RON-denominated loans (9.2 percent in real terms) and the 0.9 percent growth in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 0.8 percent).

Government credit decreased 0.6 percent in January 2019 from the previous month to RON 104,919.1 million and increased by 10.6 percent (7.0 percent in real terms) versus the same year-ago period.

Deposits of non-government resident customers went up 0.5 percent month on month to RON 331,427.6 million in January 2019 and up 9.5 percent (6.0 percent in real terms) over the same year-ago period.

RON-denominated household deposits moved up 0.4 percent to RON 120,897.2 million month on month and up 7.4 percent (3.9 percent in real terms) year on year.

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) decreased 1.8 percent to RON 98,128.3 million. At end-January 2019, RON-denominated deposits of other sectors climbed by 4.7 percent (1.3 percent in real terms) year on year.

Residents’ forex-denominated deposits advanced 2.8 percent to RON 112,402.0 million when expressed in domestic currency (when expressed in EUR, forex deposits moved up 1.3 percent to EUR 23,739.6 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 16.7 percent (when expressed in EUR, residents’ forex deposits rose by 14.8 percent).

At end-January 2019, forex deposits of households increased month on month by 3.0 percent (2.2 percent in real terms) when expressed in domestic currency (when expressed in EUR, forex deposits of households moved up 1.5 percent). At end-January 2019, households’ forex deposits climbed by 19.9 percent when expressed in domestic currency year on year (when expressed in EUR, households’ forex deposits expanded by 18.0 percent).

Forex-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) increased by 2.4 percent (1.5 percent in real terms) when expressed in RON (when expressed in EUR, forex deposits of other sectors went up 0.8 percent). In year-on-year comparison, forex deposits of other sectors (non-financial corporations and non-monetary financial institutions) stood 9.4 percent higher when expressed in RON (when expressed in EUR, forex deposits of residents from other sectors rose by 7.6 percent), the BNR release concludes.

BNRbroad moneydepositsFinancial Institutionsforeign currency-denominated loansforex depositsgovernment creditNational Banknon=government loansresident customers
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