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BNR’s profit last year, significant decrease by 84 pc. Romanian banking system reached RON 4.2 bn

BNR: Non-government loans granted by credit institutions advanced 1.4pc in June

At end-June 2018, non-government loans granted by credit institutions advanced 1.4 percent (1.4 percent in real terms) from May 2018 to RON 242,448.4 million. RON-denominated loans expanded 1.9 percent (1.9 percent in real terms), whereas foreign currency-denominated loans increased by 0.4 percent when expressed in RON (0.1 percent when expressed in EUR). At end-June 2018, non-government loans went up 6.8 percent (1.3 percent in real terms) year on year, on the back of the 15.3 percent increase in RON-denominated loans (9.4 percent in real terms) and the 6.2 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 8.3 percent), the National Bank of Romania (BNR) informs in a release on its website.

Government credit contracted by 3.0 percent in June 2018 from the previous month to RON 98,137.7 million. At end-June 2018, government credit increased by 1.4 percent (down 3.8 percent in real terms) versus the same year-ago period.

Deposits of non-government resident customers went up 1.4 percent month on month to RON 312,926.7 million in June 2018. At end-June 2018, deposits of non-government resident customers grew by 12.4 percent (6.6 percent in real terms) over the same year-ago period.

RON-denominated household deposits moved up 1.0 percent to RON 114,435.4 million. At end-June 2018, household deposits in domestic currency rose by 6.9 percent (1.4 percent in real terms) against end-June 2017.

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) increased by 0.5 percent to RON 94,953.2 million. At end-June 2018, RON-denominated deposits of other sectors climbed by 14.6 percent (8.7 percent in real terms) year on year.

Residents’ forex-denominated deposits moved up 2.6 percent to RON 103,538.1 million when expressed in domestic currency (when expressed in EUR, forex deposits added 2.3 percent to EUR 22,213.2 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 17.0 percent (when expressed in EUR, residents’ forex deposits rose by 14.4 percent).

At end-June 2018, forex deposits of households increased month on month by 2.8 percent (2.8 percent in real terms) when expressed in domestic currency (when expressed in EUR, forex deposits of households moved ahead 2.6 percent). At end-June 2018, households’ forex deposits climbed by 18.9 percent when expressed in domestic currency year on year (when expressed in EUR, households’ forex deposits expanded by 16.1 percent).

Forex-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) increased by 1.9 percent (1.9 percent in real terms) when expressed in RON (when expressed in EUR, forex deposits of other sectors rose by 1.7 percent). In year-on-year comparison, forex deposits of other sectors (non-financial corporations and non-monetary financial institutions) stood 12.9 percent higher when expressed in RON (when expressed in EUR, forex deposits of residents from other sectors rose by 10.3 percent).

At end-June 2018, broad money amounted to RON 362,161.5 million, up 1.6 percent (1.6 percent in real terms) month on month. In year-on-year comparison, broad money rose 12.8 percent (7.0 percent in real terms), the BNR release reads.

 

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