Home / BUSINESS / FINANCIAL / Loans to individuals and companies up by 1.3 pc in May to RON 212.82 bn
Romania’s central bank brought the monetary policy rate to a new historical low – 2.5 pc

Loans to individuals and companies up by 1.3 pc in May to RON 212.82 bn

At end-May 2015, non-government loans granted by credit institutions edged up 1.3 percent (0.8 percent in real terms) from April 2015 to RON 212,824.0 million. RON-denominated loans increased by 3.1 percent (2.6 percent in real terms), whereas foreign currency-denominated loans fell by 0.2 percent when expressed in RON and by 0.6 percent when expressed in EUR. At end-May 2015, non-government loans decreased by 1.9 percent (down 3.0 percent in real terms) year on year, on the back of the 9.7 percent increase in RON-denominated loans (8.4 percent in real terms) and the 10.1 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 10.9 percent), a BNR release informs.
Government credit stood 4.1 percent higher in May 2015 at RON 89,205.2 million. At end- May 2015, government credit increased by 13.3 percent (12.0 percent in real terms) from the same year-ago period.
Deposits of non-government resident customers inched down 0.2 percent month on month to RON 227,989.4 million in May 2015.
RON-denominated household deposits decreased by 0.1 percent to RON 87,726.5 million. At end-May 2015, household deposits in domestic currency rose by 7.9 percent (6.7 percent in real terms) against end-May 2014.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) shrank by 0.8 percent to RON 62,113.2 million. At end-May 2015, RON-denominated corporate deposits climbed by 6.3 percent (5.0 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) added 0.1 percent to RON 78,149.7 million when expressed in domestic currency (when expressed in EUR, forex deposits went down 0.3 percent to EUR 17,603.3 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 3.6 percent (when expressed in EUR, residents’ forex deposits increased by 2.7 percent); household forex deposits grew by 7.2 percent when expressed in domestic currency (when expressed in EUR, household forex deposits increased by 6.2 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) declined by 3.1 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities contracted by 4.0 percent), the central bank release concludes.

About Victor Lupu