Timid signs of resumption the lending process


At end-April, non-government loans granted by credit institutions edged up 0.2 pc (down from March to RON 218,299.6 M),but decreased by 0.8 pc year on year.

At end-April 2014, broad money amounted to RON 240,939.3 million, up 0.5 percent (0.2 percent in real terms) month on month. In year-on-year comparison, broad money rose 6.7 percent (5.5 percent in real terms), National Bank of Romania informs in a press release.
At end-April 2014, non-government loans granted by credit institutions edged up 0.2 percent (down 0.1 percent in real terms) from March 2014 to RON 218,299.6 million. RON-denominated loans increased by 0.8 percent (0.5 percent in real terms), whereas foreign currency-denominated loans fell by 0.2 percent when expressed in RON and by 0.1 percent when expressed in EUR. At end-April 2014, non-government loans decreased by 0.8 percent (down 2.0 percent in real terms) year on year, on the back of the 6.1 percent increase in RON-denominated loans (4.8 percent in real terms) and the 5.0 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 7.7 percent).
Government credit contracted by 2.7 percent in April 2014 to RON 79,692.9 million. At end-April 2014, government credit increased by 9.5 percent (8.2 percent in real terms) from the same year-ago period.
Deposits of non-government resident customers went up 0.5 percent month on month to RON 215,030.9 million in April 2014.
RON-denominated household deposits added 0.8 percent to RON 81,771.1 million. At end-April 2014, household deposits in domestic currency increased by 6.2 percent (4.9 percent in real terms) against end-April 2013.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) decreased by 0.4 percent to RON 57,599.8 million. At end-April 2014, RON-denominated corporate deposits rose by 12.9 percent (11.5 percent in real terms) year on year.
Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) increased by 0.8 percent to RON 75,660.0 million when expressed in domestic currency (when expressed in EUR, forex deposits climbed by 0.9 percent to EUR 17,001.1 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 4.2 percent (when expressed in EUR, residents’ forex deposits went up 1.2 percent); household forex deposits grew by 3.2 percent when expressed in domestic currency (when expressed in EUR, household forex deposits edged up 0.2 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) rose by 6.0 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities expanded by 3.0 percent).

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