At end-March 2016, broad money amounted to RON 280,765.8 million, declining 1.0 percent (1.1 percent in real terms) month on month. In year-on-year comparison, broad money rose 9.9 percent (13.3 percent in real terms), the National Bank of Romania (BNR) informs.
At end-March 2016, non-government loans granted by credit institutions edged up 0.5 percent (0.4 percent in real terms) from February 2016 to RON 216,308.1 million. RON-denominated loans added 2.3 percent (2.1 percent in real terms), whereas foreign currency-denominated loans shrank 1.4 percent when expressed in RON and 1.5 percent when expressed in EUR. At end-March 2016, non-government loans went up 2.8 percent (5.9 percent in real terms) year on year, on the back of the 20.2 percent increase in RON-denominated loans (23.9 percent in real terms) and the 11.5 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 12.7 percent).
Government credit stood 0.8 percent higher in March 2016 than a month earlier at RON 90,315.7 million. At end-March 2016, government credit added RON 14.3 million from the same year-ago period.
RON-denominated household deposits went up 0.2 percent to RON 92,999.6 million. At end-March 2016, household deposits in domestic currency rose by 6.7 percent (10.0 percent in real terms) against end-March 2015.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) went down 2.6 percent to RON 72,045.1 million. At end-March 2016, RON-denominated corporate deposits climbed by 17.2 percent (20.8 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporate (non-financial corporations and non-monetary financial institutions) decreased by 0.9 percent to RON 83,203.1 million when expressed in domestic currency (when expressed in EUR, forex deposits declined 1.0 percent to EUR 18,597.9 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 6.5 percent (when expressed in EUR, residents’ forex deposits rose by 5.0 percent); household forex deposits climbed by 5.9 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 4.4 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) went up 7.9 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 6.3 percent higher), the BNR reported.