At end-March 2015, broad money amounted to RON 255,389.7 million, declining 1.2 percent (down 1.6 percent in real terms) month on month. In year-on-year comparison, broad money rose 6.5 percent (5.7 percent in real terms), National Bank of Romania (BNR) informs in a press release.
At the end of last month, RON-denominated non-government loans granted by credit institutions went up 7.5 percent (6.6 percent in real terms) from end-March 2014, on account of the 17.4 percent hike (16.5 percent in real terms) in household loans, whereas foreign currency-denominated loans fell by 10.8 percent when expressed in RON and by 9.8 percent when expressed in EUR. Non-government loans decreased by 3.4 percent (down 4.1 percent in real terms).
According to the same central bank data, compared with end-February, non-government loans inched up 0.1 percent (down 0.3 percent in real terms) to RON 210,496.8 million. RON-denominated loans went up 2.7 percent (2.2 percent in real terms), while foreign currency-denominated loans contracted by 1.8 percent when expressed in RON and by 1.2 percent when expressed in EUR.
Government credit contracted by 1.0 percent in March to RON 90,301.4 million. At end- March, government credit increased by 10.2 percent (9.4 percent in real terms) from the same year-ago period.
Deposits of non-government resident customers inched down 0.9 percent month on month to RON 226,694.2 million in March.
RON-denominated household deposits decreased by 0.1 percent to RON 87,153.0 million. At the end of last month, household deposits in domestic currency rose by 7.4 percent (6.6 percent in real terms) against end-March 2014.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) went down 3.3 percent to RON 61,452.2 million. RON-denominated corporate deposits climbed by 6.2 percent (5.4 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) increased by RON 16.4 million to RON 78,089.0 million when expressed in domestic currency (when expressed in EUR, forex deposits went up 0.7 percent to EUR 17,708.1 million).
In year-on-year comparison, residents’ forex deposits expressed in RON advanced 4.0 percent (when expressed in EUR, residents’ forex deposits added 5.1 percent}; household forex deposits grew by 5.9 percent when expressed in domestic currency (when expressed in EUR, household forex deposits increased by 7.0 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) rose by 0.3 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities expanded by 1.3 percent).