Loans to companies and population, down 1.1 pc in January

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The money supply increased by 1.2 pc against January 2012, according to BNR data.
The balance of non-governmental loans decreased by 1.1 pc in January compared to the previous month, to RON 223.38 bln, driven by a decline of loans in RON and foreign currency, according to data released yesterday by the National Bank of Romania (BNR). In real terms, the decrease was 2.4 pc.
“Crediting in RON dropped by 0.1 pc (-1.5 pc in real terms), while loans in foreign currency (RON equivalent) went down 1.7 pc (when expressed in EUR, foreign currency crediting decreased by 0.6 pc),” BNR informs. On 31 January 2013, non-governmental loans registered an increase of 0.3 pc (-5.3 pc in real terms) compared to 31 January 2012, driven by a 4.8 pc advance of the RON-denominated component (when expressed in EUR, foreign currency loans dropped by 3.1 pc).
Governmental crediting decreased in January by 2.7 pc to RON 76.69 bln. At 31 January, governmental crediting registered an increase of 4.3 pc (-1.6 pc in real terms) against the end of the same month of last year.
The deposits made in banks by non-governmental customers diminished by 0.8 pc in January vs. December 2012, to RON 195.8 bln, adds the BNR communiqué. The deposits in RON made by individual customers advanced by 0.3 pc, to RON 74.9 bln. At 31 January 2013, the deposits in RON made by individual customers registered a 1.5 pc increase (-4.2 pc in real terms) against 31 January 2012.
The RON-denominated deposits made by legal entities (non-financial companies and non-monetary financial institutions) declined by 3.6 pc, to RON 48.8 bln. At the end of January, the deposits in RON made by legal entities decreased by 6.8 pc (-12 pc in real terms) compared to 31 January 2012.
The foreign currency denominated deposits made by both natural and legal customers, expressed in RON, advanced by 0.2 pc to RON 72 bln (in EUR equivalent, they increased by 1.3 pc to EUR 16.42 bln). Compared to the same month of the previous year, the foreign currency deposits made by residents (RON equivalent) increased by 17.1 pc (when expressed in EUR, the foreign currency deposits of the population went up 16 pc), while the foreign currency deposits made by legal entities, expressed in RON equivalent, soared by 14.7 pc (in EUR, the foreign currency deposits made by residents legal entities advanced by 13.7 pc).
At end-January 2013, broad money (M3) amounted to RON 219.33 bln, declining 1.2 pc (-2.5 pc in real terms) month on month. In year-on-year comparison, broad money rose 1.2 pc (-4.5 pc in real terms).