At end-January 2015, broad money amounted to RON 259,248.8 million, declining 0.7 percent (down 1.1 percent in real terms) month on month. In year-on-year comparison, broad money rose 7.8 percent (7.3 percent in real terms), National Bank of Romania (BNR) announced in a press release.
Last month, RON-denominated non-government loans granted by credit institutions went up 6.7 percent (6.2 percent in real terms) from end-January 2014, on account of the 16.3 percent hike (15.8 percent in real terms) in household loans, whereas foreign currency-denominated loans expressed in RON fell by 10.6 percent and by 9.5 percent when expressed in EUR. Non-government loans decreased by 3.8 percent (down 4.2 percent in real terms). Compared with end-December 2014, non-government loans shrank 0.3 percent (down 0.7 percent in real terms) to RON 210,348.3 million. RON-denominated loans declined by 0.5 percent (down 0.9 percent in real terms), while foreign currency-denominated loans expressed in RON contracted by 0.2 percent, but rose by 0.7 percent when expressed in EUR.
According to central bank data, government credit stood 1.5 percent higher in January 2015 at RON 86,801.7 million. At end of last month, government credit increased by 4.6 percent (4.1 percent in real terms) from the same year-ago period.
Deposits of non-government resident customers inched down 1.0 percent month on month to RON 230,182.2 million in January 2015.
RON-denominated household deposits added 1.0 percent to RON 87,014.6 million. At end-January, household deposits in domestic currency rose by 6.4 percent (6.0 percent in real terms) against end-January 2014.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) decreased by 5.9 percent to RON 65,259.1 million. Last month, RON-denominated corporate deposits climbed by 10.8 percent (10.4 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) stood 1.1 percent higher to RON 77,908.5 million when expressed in domestic currency (when expressed in EUR, forex deposits went up 2.0 percent to EUR 17,537.5 million), BNR informs. In year-on-year comparison, residents’ forex deposits expressed in RON advanced 4.6 percent (when expressed in EUR, residents’ forex deposits increased by 5.9 percent; household forex deposits grew by 4.8 percent when expressed in domestic currency (when expressed in EUR, household forex deposits increased by 6.1 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) rose by 4.1 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities expanded by 5.4 percent).