Household deposits in domestic currency rose by 7 pc at end-April

RON-denominated household deposits added RON 29.62 million to RON 113,603.2 million at end-April 2018, the household deposits in domestic currency increasing by 7.0 percent (1.7 percent in real terms) year-on-year, National Bank of Romania (BNR) data show.

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) increased by 1.26 percent to RON 93,527.6 million. At end-April 2018, RON-denominated deposits of other sectors climbed by 15.4 percent (9.7 percent in real terms) year on year.

Forex-denominated deposits of resident households and other sectors (non-financial corporations and non-monetary financial institutions) moved up 2.2 percent to RON 99,868.2 million when expressed in domestic currency (when expressed in EUR, forex deposits added 2.2 percent to EUR 21,436.0 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 11.8 percent (when expressed in EUR, residents’ forex deposits rose by 8.8 percent).

Deposits of non-government resident customers increased by 1.1 percent month on month to RON 306,999.1 million in April 2018.

At the same time, the government credit added 1.8 percent in April 2018 from the previous month to RON 100,781.7 million. At end-April 2018, government credit advanced 0.9 percent (down 4.1 percent in real terms) versus the same year-ago period.

At end-April 2018, broad money amounted to RON 354,735.9 million, up 1.1 percent (0.5 percent in real terms) month on month. In year-on-year comparison, broad money rose 11.1 percent (5.6 percent in real terms).

According to the central bank data, after the first four months of the year, the non-government loans granted by credit institutions advanced 0.7 percent (0.2 percent in real terms) from March 2018 to RON 238,381.1 million. RON-denominated loans expanded 1.3 percent (0.8 percent in real terms), whereas foreign currency-denominated loans decreased by 0.4 percent when expressed in RON (down 0.4 percent when expressed in EUR). At end-April 2018, non-government loans went up 6.8 percent (1.5 percent in real terms) year on year, on the back of the 16.2 percent increase in RON-denominated loans (10.4 percent in real terms) and the 6.7 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 9.2 percent).