Deposits of non-government resident customers went up 0.6 percent month on month to RON 272,187.9 million in February 2017. RON-denominated household deposits increased by 1.0 percent to RON 104,520.5 million. At end-February 2017, household deposits in domestic currency rose by 12.7 percent (12.4 percent in real terms) against end-February 2016, the National Bank of Romania (BNR) informs.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) edged up 0.4 percent to RON 81,067.4 million. At end-February 2017, RON-denominated corporate deposits climbed by 9.6 percent (9.4 percent in real terms) year on year.
Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) added 0.3 percent to RON 86,600.0 million when expressed in domestic currency (when expressed in EUR, forex deposits moved ahead 0.1 percent to EUR 19,176.3 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 3.2 percent (when expressed in EUR, residents’ forex deposits rose by 2.1 percent); household forex deposits climbed by 9.1 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 8.0 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) moved down 8.2 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 9.2 percent lower).
At end-February 2017, broad money amounted to RON 312,279.5 million, up 0.8 percent (0.9 percent in real terms) month on month. In year-on-year comparison, broad money rose 10.1 percent (9.8 percent in real terms).
At end-February 2017, non-government loans granted by credit institutions went up 0.8 percent (0.9 percent in real terms) from January 2017 to RON 219,805.2 million. RON-denominated loans expanded 1.4 percent (1.5 percent in real terms), whereas foreign currency-denominated loans rose by 0.1 percent when expressed in RON, but fell by 0.2 percent when expressed in EUR. At end-February 2017, non-government loans went up 2.1 percent (1.9 percent in real terms) year on year, on the back of the 13.9 percent increase in RON-denominated loans (13.7 percent in real terms) and the 10.6 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 11.5 percent).
Government credit added 1.8 percent in February 2017 from a month earlier to RON 96,226.3 million. At end-February 2017, government credit advanced 7.4 percent (7.2 percent in real terms) versus the same year-ago period, the BNR release reads.