RON-denominated household and corporate deposits up by 10pc in May y.o.y.

The deposits of non-government resident customers went up 0.9 percent month on month to RON 279,523.8 million in May 2017. RON-denominated household deposits decreased by RON 47.6 million to RON 106,125.9 million. At end-May 2017, household deposits in domestic currency rose by 10.7 percent (10.0 percent in real terms) against end-May 2016, the National Bank of Romania (BNR) informs in a release.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) moved up 3.5 percent to RON 84,426.1 million. At end-May 2017, RON-denominated corporate deposits climbed by 10.1 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) inched down 0.4 percent to RON 88,971.8 million when expressed in domestic currency (when expressed in EUR, forex deposits contracted by 1.2 percent to EUR 19,467.8 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 6.3 percent (when expressed in EUR, residents’ forex deposits rose by 5.0 percent); household forex deposits climbed by 9.1 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 0.6 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 0.7 percent lower).

At end-May 2017, broad money (M3) amounted to RON 321,281.2 million, up 0.7 percent (0.4 percent in real terms) month on month. In year-on-year comparison, broad money rose 10.5 percent (9.8 percent in real terms).

At end-May 2017, non-government loans granted by credit institutions went up 0.7 percent (0.4 percent in real terms) from April 2017 to RON 224,784.0 million. RON-denominated loans expanded 1.4 percent (1.1 percent in real terms), whereas foreign currency-denominated loans shrank 0.4 percent when expressed in RON and 1.2 percent when expressed in EUR. At end-May 2017, non-government loans went up 3.2 percent (2.5 percent in real terms) year on year, on the back of the 13.3 percent increase in RON-denominated loans (12.6 percent in real terms) and the 8.7 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 9.9 percent).

Government credit added 1.4 percent in May 2017 from a month earlier to RON 101,361.1 million. At end-May 2017, government credit advanced 11.5 percent (10.8 percent in real terms) versus the same year-ago period, the BNR release reads.

BNRbroad moneycentral bankcorporate depositscredit institutionsforex depositsgovernment creditgovernment loanshousehold depositsNational Bank
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