RON-denominated household deposits increased by 1.0 percent to RON 105,576.4 million at end-March 2017, while household deposits in domestic currency rose by 13.5 percent (17.0 percent in real terms) year-on-year, National Bank of Romania (BNR) data reveal.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) edged up 0.9 percent to RON 81,791.5 million. At the same time, RON-denominated corporate deposits climbed by 13.5 percent (17.0 percent in real terms) year on year.
Also, broad money amounted to RON 315,143.2 million, up 0.9 percent (0.8 percent in real terms) month on month. In year-on-year comparison, broad money rose 12.2 percent (15.7 percent in real terms).
As regards the non-government loans granted by credit institutions, these went up 1.5 percent (1.4 percent in real terms) from February 2017 to RON 223,100.4 million. RON-denominated loans expanded 2.4 percent (2.3 percent in real terms), whereas foreign currency-denominated loans rose by 0.2 percent when expressed in RON, but fell by 0.5 percent when expressed in EUR. At end-March 2017, non-government loans went up 3.1 percent (6.3 percent in real terms) year on year, on the back of the 14.1 percent increase in RON-denominated loans (17.6 percent in real terms) and the 9.1 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 10.6 percent).
According to the same BNR data, government credit added 0.2 percent in March 2017 from a month earlier to RON 96,409.6 million. Government credit advanced 6.7 percent (10.0 percent in real terms) versus the same year-ago period. Deposits of non-government resident customers went up 0.9 percent month on month to RON 274,647.8 million in March.
Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) added 0.8 percent to RON 87,279.9 million when expressed in domestic currency (when expressed in EUR, forex deposits moved ahead EUR 1.5 million to EUR 19,177.8 million).
In year-on-year comparison, residents’ forex deposits expressed in RON advanced 4.9 percent (when expressed in EUR, residents’ forex deposits rose by 3.1 percent); household forex deposits climbed by 9.9 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 8.0 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) moved down 4.9 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 6.5 percent lower).