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November 29, 2022

Gov’t credit down by 1.2 pc in February

At end-February 2013, broad money amounted to RON 219,494.9 M, up 0.1 per cent (down 0.3 per cent in real terms) month on month, National Bank of Romania (BNR) announced in a press release informs. In year-on-year comparison, broad money rose 0.8 per cent (down 4.6 per cent in real terms). Government credit contracted by 1.2 per cent in February 2013 to RON 75,765.7 M. At end-February 2013, government credit decreased by 3.2 per cent (down 8.4 per cent in real terms) from the same year-ago period. Deposits of non-government resident customers inched down 0.1 percent month on month to RON 195,536.5 M in February 2013. RON-denominated household deposits added 0.3 percent to RON 75,243.8 M.

At end-February 2013, household deposits in domestic currency increased by 0.6 per cent (down 4.8 per cent in real terms) against end-February 2012. RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) dropped 1.2 per cent to RON 48,205.8 M. At end-February 2013, RON-denominated corporate deposits declined by 7.4 per cent (down 12.4 per cent in real terms) year on year. Forex-denominated deposits of resident households and corporate edged up 0.1 per cent to RON 72,086.8 M when expressed in domestic currency

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