Romanians’ savings have increased by 10.2 pc in August yoy

Deposits of non-government resident customers increase by 10.2 percent in August year-on-year, up to RON 284.96 billion, National Bank of Romania informs in a press release.

In month-on-month comparison, the increase was of 1.6 percent, to RON 284,962.4 million.
RON-denominated household deposits decreased by 0.2 percent to RON 107,535.2 million. At end-August 2017, household deposits in domestic currency rose by 10.9 percent (9.7 percent in real terms) against end-August 2016.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) moved up 4.4 percent to RON 86,272.7 million. At end-August 2017, RON-denominated corporate deposits climbed by 10.9 percent (9.6 percent in real terms) year on year.
Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) added 1.2 percent to RON 91,154.5 million when expressed in domestic currency (when expressed in EUR, forex deposits moved ahead 0.6 percent to EUR 19,856.8 million).

In year-on-year comparison, residents’ forex deposits expressed in RON advanced 8.8 percent (when expressed in EUR, residents’ forex deposits rose by 5.6 percent); household forex deposits climbed by 10.4 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 7.1 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) edged up 5.4 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 2.3 percent higher).
Government credit added 1.3 percent in August 2017 from a month earlier to RON 96,943.3 million. At end-August 2017, government credit advanced 11.8 percent (10.5 percent in real terms) versus the same year-ago period.

At end-August 2017, non-government loans granted by credit institutions inched up 0.7 percent (0.9 percent in real terms) from July 2017 to RON 229,468.1 million. RON-denominated loans expanded 1.3 percent (1.5 percent in real terms), whereas foreign currency-denominated loans shrank 0.3 percent when expressed in RON and 1.0 percent when expressed in EUR. At end-August 2017, non-government loans went up 6.5 percent (5.3 percent in real terms) year on year, on the back of the 16.4 percent increase in RON-denominated loans (15.0 percent in real terms) and the 5.9 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 8.7 percent).

According to central bank, broad money amounted to RON 330,294.1 million, up 1.7 percent (1.9 percent in real terms) month on month. In year-on-year comparison, broad money rose 11.7 percent (10.4 percent in real terms).

broad moneycorporate depositsdepositsforex depositshousehold depositsNational Bank of Romania (BNR)non-government resident customersRomanians' savingsRON-denominated
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