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January 31, 2023

Cumulated value of overnight deposits with BNR shot up to RON 80 bln

Overnight placements by banks with the National Bank of Romania (BNR) came to a cumulated value of RON 80.06 bln, hitting a new high of the last three years, Mediafax reports. January-April overnight placements were 3.5 times above the amount deposited throughout 2009, according to central bank data. The value of overnight deposits banks opened with BNR in the past four months reached RON 193.06 bln, from RON 55.93 bln during the entire 2009. April overall value shows a daily liquidity surplus of roughly RON 3.8 bln. This is the second month this year that the value of overnight deposits reaches a high, after January 2007. In January, banks made overnight deposits with BNR equal to RON 54.99 bln, the second-highest figure since January of 2007, when credit institutions made placements matching RON 85.49 bln.

The value of cumulated monthly deposits in 2008 hardly reached RON 10.13 bln, and RON 10.38 bln last year. On the other hand, banks did not make use of the Lombard credit facility in the first four months of the running year, given they took last year overnight loans from BNR that came to a total of RON 154.24 bln, up 73 per cent from the amount contracted in 2008. Permanent incentives, (crediting and depositing) BNR gave to banks are accessed at the latter’s initiative. Banks may obtain overtime liquidity through marginal credits and may place surplus resources with the central bank at the end of the day.

Credit arrears beyond 30 days owed by private individuals rose circa RON 150 M in March, compared to February, to RON 3.62 bln, although the number of debtors at the end of the third quarter was lower by nearly 10,000. In late March, 677,485 people were reported to the Credit Bureau as owing arrears beyond 30 days to banks, from 686,110 at the end of February. The number of such arrears declined slightly, from RON 1.03 M, to RON 1.015 M.

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