Deposits of non-government resident customers went up shyly 0.4 percent month on month to RON 304,001.1 million in January 2018, National Bank of Romania (BNR) reveals, according to a press release.
At the same time, at end-January, non-government loans granted by credit institutions advanced 0.2 percent (down 0.6 percent in real terms) from December 2017 to RON 232,763.5 million. RON-denominated loans expanded 0.3 percent (down 0.5 percent in real terms), whereas foreign currency-denominated loans rose a mere 0.01 percent when expressed in RON (EUR 7.6 million increase when expressed in EUR).
Non-government loans went up 6.8 percent (2.3 percent in real terms) year on year, on the back of the 16.9 percent increase in RON-denominated loans (12.0 percent in real terms) and the 6.8 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 9.9 percent).
According to central bank data, government credit decreased 3.5 percent in January 2018 from the previous month to RON 94,867.4 million and advanced 0.4 percent (down 3.8 percent in real terms) versus the same year-ago period.
RON-denominated household deposits increased by 1.0 percent to RON 112,315.2 million. At end-January 2018, household deposits in domestic currency rose by 8.5 percent (4.1 percent in real terms) against end-January 2017.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) decreased 0.5 percent to RON 94,380.9 million. At end-January 2018, RON-denominated corporate deposits climbed by 16.9 percent (12.0 percent in real terms) year on year.
Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) added 0.6 percent to RON 97,305.0 million when expressed in domestic currency (when expressed in EUR, forex deposits moved up 0.6 percent to EUR 20,889.0 million).
In year-on-year comparison, residents’ forex deposits expressed in RON advanced 12.7 percent (when expressed in EUR, residents’ forex deposits rose by 9.0 percent); household forex deposits climbed by 13.1 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 9.4 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) added 11.8 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities rose by 8.1 percent).