Credits to households and companies declining, deposits – rising


At end-December 2013, broad money amounted to RON 241,550.1 M, up 2.8 percent (2.5 percent in real terms) month on month. In year-on-year comparison, broad money rose 8.8 percent (7.1 percent in real terms), National Bank of Romania (BNR) informs, yesterday, in a press release.
At end-December 2013, non-government loans granted by credit institutions declined by 0.6 percent (down 0.9 percent in real terms) from November 2013 to RON 218,464.9 M. RON-denominated loans went down 0.6 percent (down 0.9 percent in real terms), whereas foreign currency-denominated loans fell by 0.6 percent when expressed in RON and by 1.5 percent when expressed in EUR. At end-December 2013, non-government loans decreased by 3.3 percent (down 4.7 percent in real terms) year on year, on the back of the 0.7 percent increase in RON-denominated loans (down 0.8 percent in real terms) and the 5.7 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 6.8 percent). According to BNR, gov’t credit stood 3.5 percent higher in December 2013 at RON 80,243.6 M. At end-December 2013, government credit increased by 1.8 percent (0.2 percent in real terms) from the same year-ago period. Deposits of non-government resident customers went up 3.2 percent month on month to RON 215,651.1 M in December 2013. RON-denominated household deposits added 1.1 percent to RON 80,075.0 M. At end-December 2013, household deposits in domestic currency increased by 7.1 percent (5.4 percent in real terms) against end-December 2012.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) went up 11.1 percent to RON 61,971.3 M.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) decreased by 0.6 percent to RON 73,604.8 M when expressed in domestic currency (when expressed in EUR, forex deposits declined by 1.6 percent to EUR 16,412.4 M). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 2.5 percent (when expressed in EUR, residents’ forex deposits climbed by 1.2 percent); household forex deposits grew by 4.7 percent when expressed in domestic currency (when expressed in EUR, household forex deposits stood 3.4 percent higher).

Leave a Reply