Non-government loans granted by credit institutions increased by 1.9 percent (1.6 percent in real terms) at end-November this year compared to October – RON 218,507.1 million, National Bank of Romania (BNR) data show on Monday. At the same time, RON-denominated loans climbed by 2.2 percent (1.9 percent in real terms), whereas foreign currency-denominated loans rose by 1.6 percent when expressed in RON and by 1.3 when expressed in EUR.
Broad money amounted to RON 269,762.6 million after 11 months, up 1.7 percent (1.4 percent in real terms) month on month. In year-on-year comparison, broad money rose 8.2 percent (9.5 percent in real terms).
Non-government loans inched up 2.3 percent (3.4 percent in real terms) year on year, on the back of the 18.7 percent increase in RON-denominated loans (20.1 percent in real terms) and the 10.6 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 11.0 percent).
The same central bank data reveal that government credit stood 2.4 percent higher in November 2015 at RON 86,438.2 million. At end-November 2015, government credit increased by 4.9 percent (6.1 percent in real terms) from the same year-ago period.
Deposits of non-government resident customers went up 1.6 percent month on month to RON 237,352.9 million in November 2015.
RON-denominated household deposits added 1.3 percent to RON 89,276.2 million. At end-November 2015, household deposits in domestic currency rose by 7.4 percent (8.7 percent in real terms) against end-November 2014.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) increased by 3.6 percent to RON 67,509.8 million. At end-November 2015, RON-denominated corporate deposits climbed by 8.4 percent (9.6 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) edged up 0.2 percent to RON 80,566.9 million when expressed in domestic currency (when expressed in EUR, forex deposits went down 0.1 percent to EUR 18,121.2 million).
In year-on-year comparison, residents’ forex deposits expressed in RON advanced 6.2 percent (when expressed in EUR, residents’ forex deposits rose by 5.7 percent); household forex deposits grew by 7.8 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 7.3 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) went up 2.9 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 2.4 percent higher).