BUSINESS

Private credit down 0.1 pc to RON 200.32 bln in April

Compared to April 2009, the private credit dropped by 0.1 per cent to RON 200.32 bln in the same month this year, Mediafax informs. The drop took place against the backdrop of the 5.3 per cent drop reported by its RON-denominated component and of the 3.5 per cent hike reported by its foreign currency denominated component. Nevertheless, compared to March 2010 the private credit grew by 0.5 per cent. In real terms, in April the private credit reported an annual drop of 4.2 per cent because of the 9.2 per cent drop reported by its RON-denominated component. The EUR-denominated private credit grew by 5 per cent. Compared to March, in April the RON-denominated credit dropped by 1 per cent (1.3 per cent in real terms) to RON 78.18 bln, while the foreign exchange denominated credit grew by 1.4 per cent (0.6 per cent in real terms) to RON 122.13 bln. The credits contracted by households totaled RON 37.85 bln at the end of April, down 0.1 per cent compared to March. The households’ RON-denominated deposits have grown by 1.8 per cent to RON 63.18 bln, a BNR communiqué reads. Compared to April last year, the RON-denominated deposits grew by 7.9 per cent (3.5 per cent in real terms).

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