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September 19, 2021

Population took more credits than companies in May

At end-May 2011, broad money amounted to RON 198,250.7 M, up 0.9 percent (0.7 percent in real terms) month on month, National Bank of Romania (BNR) informs in a press release. In year-on-year comparison, broad money rose 2.8 percent (down 5.2 percent in real terms). At the same time, non-government loans granted by credit institutions went up 1.5 percent (1.3 percent in real terms) from April to RON 207,669.2 M. RON-denominated loans increased by 0.3 percent (0.1 percent in real terms), whereas foreign currency-denominated loans rose by 2.2 percent when expressed in RON and by 1.1 percent when expressed in EUR. Non-government loans climbed year on year by 2.2 percent (down 5.7 percent in real terms), on the back of the 0.4 percent increase in RON-denominated loans (down 7.4 percent in real terms) and the 3.4 percent advance in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans expanded by 4.9 percent). Government credit stood 5.2 percent higher in May 2011 at RON 64,862.5 M. At end-May of this year, government credit increased by 22.0 percent (12.5 percent in real terms) from the same year-ago period.

Regarding deposits of non-government resident customers, these went up 1.2 percent month on month, reaching RON 173,068.0 M. RON-denominated household deposits added 0.3 percent to RON 66,015.9 M. BNR’s data shows also that RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) increased by 4.5 percent to RON 46,784.5 M.

Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) went down 0.3 percent to RON 60,267.6 M when expressed in domestic currency (when expressed in EUR, forex deposits decreased by 1.4 percent to EUR 14,625.2 M). In year-on-year comparison, residents’ forex deposits expressed in RON declined by 3.1 percent (when expressed in EUR, residents’ forex deposits decreased by 1.8 percent).

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