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Deposits of non-government resident customers, up by 3.3 percent in December 2017

At end-December 2017, non-government loans granted by credit institutions declined 1.4 percent (down 1.7 percent in real terms) from November 2017 to RON 232,336.8 million, as National Bank of Romania (BNR) shows.

RON-denominated loans expanded 0.1 percent (down 0.2 percent in real terms), whereas foreign currency-denominated loans shrank 3.9 percent when expressed in RON and declined 4.2 percent when expressed in EUR.

At end-December 2017, non-government loans went up 5.6 percent (2.2 percent in real terms) year on year, on the back of the 15.8 percent increase in RON-denominated loans (12.1 percent in real terms) and the 8.1 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 10.5 percent).

Moreover, RON-denominated household deposits increased by 3.0 percent to RON 111,249.2 million. At end-December 2017, household deposits in domestic currency rose by 7.3 percent (3.9 percent in real terms) against end-December 2016.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) moved up 7.0 percent to RON 94,841.2 million. At end-December 2017, RON-denominated corporate deposits climbed by 11.8 percent (8.2 percent in real terms) year on year.

Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) added 0.2 percent to RON 96,729.2 million when expressed in domestic currency (when expressed in EUR, forex deposits contracted by 0.2 percent to EUR 20,758.7 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 12.7 percent.

At the same time, broad money amounted to RON 350,580.8 million, up 3.2 percent (2.8 percent in real terms) month on month. In year-on-year comparison, broad money rose 11.6 percent (8 percent in real terms).

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