At end-December 2014, broad money amounted to RON 260,331.9 million, up 4.4 percent (4.5 percent in real terms) month on month. In year-on-year comparison, broad money rose 7.8 percent (6.9 percent in real terms), National Bank of Romania (BNR) shows.
At end-December 2014, RON-denominated non-government loans granted by credit institutions went up 8.5 percent (7.6 percent in real terms) from end-December 2013, on account of the 17.4 percent hike (16.5 percent in real terms) in household loans, whereas foreign currency-denominated loans expressed in RON fell by 10.6 percent and by 10.5 percent when expressed in EUR, according to central bank press release. Non-government loans decreased by 3.1 percent (down 3.9 percent in real terms). Compared with end-November 2014, non-government loans went down 0.9 percent (down 0.8 percent in real terms) to RON 211,652.0 million. RON-denominated loans declined by 1.0 percent (down 0.9 percent in real terms), while foreign currency-denominated loans expressed in RON contracted by 0.9 percent and by 2.1 percent when expressed in EUR.
Government credit stood 3.7 percent higher in December 2014 at RON 85,501.9 million. At end- December 2014, government credit increased by 6.3 percent (5.4 percent in real terms) from the same year-ago period.
Deposits of non-government resident customers went up 4.8 percent month on month to RON 231,856.0 million in December 2014.
RON-denominated household deposits added 3.7 percent to RON 86,165.2 million. At end-December 2014, household deposits in domestic currency rose by 7.6 percent (6.7 percent in real terms) against end-December 2013.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) increased by 10.3 percent to RON 68,714.6 million. At end-December 2014, RON-denominated corporate deposits climbed by 10.9 percent (10.0 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) stood 1.4 percent higher to RON 76,976.2 million when expressed in domestic currency (when expressed in EUR, forex deposits went up 0.2 percent to EUR 17,174.1 million).
In year-on-year comparison, residents’ forex deposits expressed in RON advanced 4.6 percent (when expressed in EUR, residents’ forex deposits increased by 4.6 percent; household forex deposits grew by 4.5 percent when expressed in domestic currency (when expressed in EUR, household forex deposits increased by 4.5 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) rose by 4.8 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities expanded by 4.9 percent).