Non-government loans up 1.3 pct this May, says central bank

Newsroom 25/06/2015 | 12:51

Non-government loans granted by credit institutions amounted to RON 212.8 billion at the end of May, up by 1.3 percent (0.8 percent in real terms) from April 2015, according to data released on Thursday by the National Bank of Romania (BNR).

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.

Compared to the same month last year, this May non-government loans decreased by 1.9 percent (down 3.0 percent in real terms), due to a 9.7 percent increase in RON-denominated loans (8.4 percent in real terms) and a 10.1 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 10.9 percent).

Government credit stood at RON 89.2 billion in May, 4.1 percent higher m-o-m. 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 almost RON 228 billion.

RON-denominated household deposits decreased by 0.1 percent to RON 87.8 billion. 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) dropped by 0.8 percent to RON 62.1 billion. At end-May 2015, RON-denominated corporate deposits increased 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 78.1 billion when expressed in domestic currency (when expressed in EUR, forex deposits went down 0.3 percent to EUR 17.6 billion). 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),” according to a BNR press release.

Simona Bazavan 

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