Deposits of non-government resident customers went up 0.5 percent month on month to RON 286,385.5 million in September 2017, National Bank of Romania (BNR) data reveals.
The advance was mainly due to the increase in forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) by 1.3 percent to RON 92,332.6 million when expressed in domestic currency (when expressed in EUR, forex deposits moved ahead 1.1 percent to EUR 20,076.2 million).
In year-on-year comparison, residents’ forex deposits expressed in RON advanced 9.6 percent (when expressed in EUR, residents’ forex deposits rose by 6.1 percent); household forex deposits climbed by 11.3 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 7.7 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) edged up 6.2 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 2.8 percent higher).
RON-denominated household deposits decreased by RON 6.7 million to RON 107,528.5 million. At end-September 2017, household deposits in domestic currency rose by 10.8 percent (8.8 percent in real terms) against end-September 2016.
At the same time, RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) moved up 0.3 percent to RON 86,524.4 million. At end-September 2017, RON-denominated corporate deposits climbed by 12.0 percent (10.1 percent in real terms) year on year.
Moreover, the government credit added 0.3 percent in September 2017 from a month earlier to RON 97,267.2 million. At end-September 2017, government credit advanced 9.4 percent (7.5 percent in real terms) versus the same year-ago period.
At end-September 2017, non-government loans granted by credit institutions inched up 1.4 percent (0.9 percent in real terms) from August 2017 to RON 232,703.7 million. RON-denominated loans expanded 1.9 percent (1.4 percent in real terms), whereas foreign currency-denominated loans rose 0.6 percent when expressed in RON and 0.4 percent when expressed in EUR.