At end-May 2016, broad money amounted to RON 290,646.0 million, up 1.8 percent (1.6 percent in real terms) month on month. In year-on-year comparison, broad money rose 12.7 percent (16.8 percent in real terms), the National Bank of Romania (BNR) informs.
At end-May 2016, non-government loans granted by credit institutions edged up 0.7 percent (0.4 percent in real terms) from April 2016 to RON 217,888.9 million. RON-denominated loans added 1.6 percent (1.3 percent in real terms), whereas foreign currency-denominated loans shrank 0.4 percent when expressed in RON and 1.1 percent when expressed in EUR. At end-May 2016, non-government loans went up 2.4 percent (6.0 percent in real terms) year on year, on the back of the 19.3 percent increase in RON-denominated loans (23.6 percent in real terms) and the 12.2 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 13.6 percent).
Government credit contracted by 1.4 percent in May 2016 from a month earlier to RON 90,901.3 million. At end-May 2016, government credit added 1.9 percent (5.6 percent in real terms) from the same year-ago period.
RON-denominated household deposits went up 1.2 percent to RON 95,868.5 million. At end-May 2016, household deposits in domestic currency rose by 9.3 percent (13.2 percent in real terms) against end-May 2015.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) went up 5.1 percent to RON 76,652.8 million. At end-May 2016, RON-denominated corporate deposits climbed by 23.4 percent (27.8 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) inched down 0.2 percent to RON 83,686.6 million when expressed in domestic currency (when expressed in EUR, forex deposits decreased by 1.0 percent to EUR 18,549.6 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 7.1 percent (when expressed in EUR, residents’ forex deposits rose by 5.4 percent); household forex deposits climbed by 7.0 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 5.3 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) went up 7.2 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 5.5 percent higher), the BNR release concludes.