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Bucharest
May 9, 2021
BUSINESS

Non-government credit down 0.7 pc in May

The non-government credit balance was down 0.7 per cent in late May, to RON 199.07 bln, from April, yet up 15.9 per cent compared to the year-earlier period, according to data published by the National Bank of Romania (BNR) yesterday. Thus, the decline in non-government credit slowed down from 1 per cent and 2.7 per cent in April and March respectively. The RON credit fell 0.8 per cent in May, while hard currency loans expressed in RON dropped 0.7 per cent according to the BNR release. The bank loans to companies and private individuals rose 15.9 per cent (9.3 per cent in real terms), against late May, 2008, on the back of a 4.5 per cent increase in the RON component). RON personal loans totalled over RON 40 bln at the end of May, and hard currency loans surpassed by 30.4 per cent the amount registered at the end of the comparable period a year ago. On the other hand, the government credit balance was up 4.4 per cent, to RON 33.18 bln in May.


According to central bank data, non-government resident customer deposits rose 0.5 per cent against April’s and 13.1 per cent compared to April of 2008, to RON 155.36 bln, up 22.4 per cent from May 2008. RON personal loans were up 0.5 per cent from April.

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