3.5 C
Bucharest
November 30, 2022
BUSINESS

Broad money raised 6.1 pc, non-government loans declined by 0.9 pc



At end-October 2013, broad money amounted to RON 233,805.4 M, up 1.0 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 6.1 percent (4.1 percent in real terms). At end-October 2013, non-government loans granted by credit institutions declined by 0.9 percent (down 1.2 percent in real terms) from September 2013 to RON 221,023.3 million. RON-denominated loans increased by 0.5 percent (0.2 percent in real terms), whereas foreign currency-denominated loans fell by 1.8 percent when expressed in RON and by 1.1 percent when expressed in EUR. At end-October 2013, non-government loans decreased by 3.9 percent (down 5.7 percent in real terms) year on year, on the back of the 1.9 percent increase in RON-denominated loans (0.1 percent in real terms) and the 7.4 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 5.2 percent). Government credit stood 1.5 percent higher in October 2013 at RON 76,242.2 M. At end-October 2013, government credit decreased by 1.9 percent (down 3.8 percent in real terms) from the same year-ago period. Deposits of non-government resident customers went up 1.3 percent month on month to RON 207,969.9 M in October 2013.
RON-denominated household deposits added 2.0 percent to RON 78,966.5 M. At end-October 2013, household deposits in domestic currency increased by 5.3 percent (3.4 percent in real terms) against end-October 2012.
RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) increased by 2.4 percent to RON 55,329.2 M. At end-October 2013, RON-denominated corporate deposits rose by 10.9 percent (8.9 percent in real terms) year on year. Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) decreased by 0.3 percent to RON 73,674.2 M when expressed in domestic currency (when expressed in EUR, forex deposits increased by 0.3 percent to EUR 16,628.5 M). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 5.1 percent (when expressed in EUR, residents’ forex deposits climbed by 7.6 percent); household forex deposits grew by 5.1 percent when expressed in domestic currency (when expressed in EUR, household forex deposits stood 7.6 percent higher) and forex deposits of corporates (non-financial corporations and non-monetary financial institutions) rose by 5.3 percent when expressed in RON (when expressed in EUR, forex deposits of resident corporates expanded by 7.8 percent).

Related posts

German business confidence falls for a fourth month

Nine O' Clock

Leclerc denies intention to make an entry on Romanian market

Nine O' Clock

Instant Factoring survey: Company liquidity, a major issue for Romanian small business owners. Microenterprises had a debt ratio of 73% in 2018

NINE O'CLOCK