Home / BUSINESS / FINANCIAL / BANKS / Private lending reached RON 236 bn in March, up by over 6 pc

Private lending reached RON 236 bn in March, up by over 6 pc

At end-March 2018, non-government loans went up 6.1 percent (1.1 percent in real terms) year on year to RON 236 million, on the back of the 15.9 percent increase in RON-denominated loans (10.5 percent in real terms) and the 7.7 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 9.8 percent), National Bank of Romania (BNR) shows.

At the same time, non-government loans granted by credit institutions advanced 1.4 percent (1.1 percent in real terms) from February 2018 to RON 236,679.9 million. RON-denominated loans expanded 2.6 percent (2.3 percent in real terms), whereas foreign currency-denominated loans decreased by 0.5 percent when expressed in RON (down 0.4 percent when expressed in EUR).

Government credit added 0.6 percent in March 2018 from the previous month to RON 98,993.9 million. At end-March 2018, government credit advanced 2.7 percent (down 2.2 percent in real terms) versus the same year-ago period.

Deposits of non-government resident customers contracted by 0.7 percent month on month to RON 303,672.7 million in March 2018.

RON-denominated household deposits decreased by 0.1 percent to RON 113,570.8 million. At end-March 2018, household deposits in domestic currency rose by 7.6 percent (2.5 percent in real terms) against end-March 2017.

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) decreased by 2.1 percent to RON 92,423.5 million. At end-March 2018, RON-denominated deposits of other sectors climbed by 13.7 percent (8.3 percent in real terms) year on year.

Broad money amounted to RON 351,275.5 million, down 0.4 percent (down 0.7 percent in real terms) month on month. In year-on-year comparison, broad money rose 11.6 percent (6.4 percent in real terms).

About Anca Bernovici