At end-February 2015, RON-denominated non-government loans granted by credit institutions went up 7.1 percent (6.7 percent in real terms) from end-February 2014, on account of the 16.5 percent hike (16 percent in real terms) in household loans, whereas foreign currency-denominated loans expressed in RON fell by 10.8 percent and 9.6 percent when expressed in EUR, National Bank of Romania (BNR) data show.
Non-government loans decreased by 3.7 percent (down 4.1 percent in real terms). Compared with end-January 2015, non-government loans inched down 0.1 percent (0.4 percent in real terms) to RON 210,220.4 million. RON-denominated loans went up 0.7 percent (0.3 percent in real terms), while foreign currency-denominated loans expressed in RON contracted by 0.6 percent and 0.5 percent when expressed in EUR.
Last month broad money amounted to RON 258,601.1 million, declining 0.2 percent (down 0.6 percent in real terms) month on month. In year-on-year comparison, broad money rose 6.5 percent (6 percent in real terms).
According to central bank, government credit stood 5 percent higher in February 2015 at RON 91,175.5 million. At end- February 2015, government credit increased by 8.3 percent (7.8 percent in real terms) from the same year-ago period. Deposits of non-government resident customers inched down 0.6 percent month on month to RON 228,817.4 million in February 2015.
RON-denominated household deposits added 0.2 percent to RON 87,211.9 million. At end-February 2015, household deposits in domestic currency rose by 6.5 percent (6 percent in real terms) against end-February 2014.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) decreased by 2.6 percent to RON 63,532.9 million. At end-February 2015, RON-denominated corporate deposits climbed by 7.7 percent (7.3 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) stood 0.2 percent higher at RON 78,072.6 million when expressed in domestic currency (when expressed in EUR, forex deposits went up 0.3 percent to EUR 17,591.4 million).
In year-on-year comparison, residents’ forex deposits expressed in RON advanced 3.2 percent (when expressed in EUR, residents’ forex deposits increased by 4.6 percent; household forex deposits grew by 4.6 percent when expressed in domestic currency (when expressed in EUR, household forex deposits increased by 6 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) rose by 0.5 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities expanded by 1.9 percent).