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September 16, 2019
BUSINESS

Romanians have over RON 16.4 bln in deposits

The number of individuals who have deposits at the credit institutions affiliated to the Deposit Guarantee Fund in the Banking System (FGDSB), above EUR 100,000 (the current maximum guarantee, as of January 1), rose by 9 pc, in the first quarter of 2011, as compared to the last quarter of 2010, amounting to 13,737 deposit-holders and total deposits of RON 16.4 bln, according to figures supplied, to “Capital”, by representatives of FGDSB. In the same interval, the number of companies which hold deposits above EUR 100,000 slumped by 3 pc, to 11,561, while the cumulated value of the deposits amounted to RON 21.2 bln. There is a likelihood that, in the foreseeable future, “the volume of household deposits should rise slightly, but revenue will not rise significantly compared to last year. On the corporate segment, arrear trends and overall economic activity will play a crucial part. RON deposits will be favoured, as the national currency has appreciated,” Lucian Anghel, chief economist of Banca Comerciala Romana (BCR), stated.

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