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August 12, 2022

BNR: Household and corporate loans go down 0.7 pc in June

At end-June 2014, corporate and retail loans granted by credit institutions contracted 0.7 percent from May 2014 to RON 215,387.4 million and 3.9 percent year-on-year, due to the deep decline of the forex funding, according to data the National Bank of Romania (BNR) released on Wednesday. In real terms, the non-government loan decline stood at 0.4 per cent in June 2014 compared with the previous month and at 4.5 percent compared with June 2013. ‘RON-denominated loans increased by 0.7 percent (0.9 percent in real terms), whereas foreign currency-denominated loans fell by 1.7 percent when expressed in RON and by 1.4 percent when expressed in EUR. At end-June 2014, non-government loans decreased by 3.9 percent (down 4.5 percent in real terms) year-on-year, on the back of the 7.3 percent increase in RON-denominated loans (6.6 percent in real terms) and the 10.7 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 9.2 percent),’ the BNR release shows.
The RON-denominated loan in June increased in May almost the same for households, 0.7 percent, and for corporations, 0.6 percent, and against June 2013, the RON-denominated loan inched up 8.7 percent and the corporate funding in national currency went up 6.4 percent, the cited data reveal. Forex-denominated non-government loans went down both in the household and in the corporate sector, by 1 percent and 2.5 percent, respectively, in June 2014 compared with May 2014. As against June 2013, the forex loan suffered significant decreases, of 8.1 percent in the case of households and 13.3 percent for corporations, according to the central bank.
‘Government credit stood 2.2 percent higher in June 2014 at RON 80,496.1 million. At end-June 2014, the government credit was 7.8 percent higher (7.1 percent in real terms) compared to the same year-ago period,’ BNR points out.

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