BNR: Loans to non-Gov’t sector increased in April to RON 256bn. Household deposits up

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At end- April 2019, loans to non-government sector granted by credit institutions advanced by 0.6 percent (0.03 percent in real terms) from March 2019 to RON 256,540.2 million. RON-denominated loans went up 1.0 percent (0.4 percent in real terms) and foreign currency-denominated loans decreased 0.1 percent when expressed in RON (down 0.02 percent when expressed in EUR), reads a release posted on the National Bank of Romania (BNR) on Friday.

In year-on-year comparison, loans to non-government sector went up 7.6 percent (3.4 percent in real terms), on the back of the 11.0 percent increase in RON-denominated loans (6.6 percent in real terms) and the 1.6 percent increase in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 0.5 percent).

Credit to general government decreased 2.5 percent in April 2019 from the previous month to RON 100,867.8 million and advanced by 0.1 percent (down 3.9 percent in real terms) versus the same year-ago period.

Deposits of non-government resident customers went up 2.0 percent month-on-month to RON 337,393.8 million in April 2019, and up 9.9 percent (5.6 percent in real terms) over the same year-ago period.

RON-denominated household deposits moved up 1.4 percent to RON 123,042.2 million month-on-month and up 8.3 percent (4.0 percent in real terms) year-on-year.

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced by 3.4 percent to RON 98,994.2 million. At end-April 2019, RON-denominated deposits of other sectors climbed by 5.8 percent (1.7 percent in real terms) year-on-year.

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced by 3.4 percent to RON 98,994.2 million. At end-April 2019, RON-denominated deposits of other sectors climbed by 5.8 percent (1.7 percent in real terms) year-on-year.

Residents’ forex-denominated deposits increased 1.4 percent to RON 115,357.5 million when expressed in domestic currency (when expressed in EUR, forex deposits moved up 1.5 percent to EUR 24,243.9 million). In year-on-year comparison, residents’ forex deposits expressed in RON grew 15.5 percent (when expressed in EUR, residents’ forex deposits rose by 13.1 percent).

At end-April 2019, forex deposits of households advanced month on month 0.6 percent (0.01 percent in real terms) when expressed in domestic currency (when expressed in EUR, forex deposits of households moved up 0.7 percent). At end-April 2019, 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 16.4 percent).

Forex-denominated deposits of resident households and other sectors (non-financial corporations and non-monetary financial institutions) increased 3.4 percent (2.8 percent in real terms) when expressed in RON (when expressed in EUR, forex deposits of other sectors moved up 3.5 percent). In year-on-year comparison, forex deposits of other sectors (non-financial corporations and non-monetary financial institutions) stood 7.5 percent higher when expressed in RON (when expressed in EUR, forex deposits of residents from other sectors rose by 5.2 percent).

At end-April 2019, broad money (M3) amounted to RON 390,089.8 million, up 1.8 percent (1.2 percent in real terms) month-on-month. In year-on-year comparison, broad money rose 9.9 percent (5.5 percent in real terms), the BNR release reads.

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