8.3 C
March 21, 2023

RON-denominated household deposits down 1pc in March

Bank deposits of non-government resident customers decreased 1 percent in March 2016 from February as an effect of corporate deposits in RON shrinking 2.6 percent, and forex-denominated deposits dipping 2.8 percent, shows data released on Monday by the National Bank of Romania (BNR).

In a year on year comparison, bank deposits were 9.5 percent higher in March 2016 as a result of the 17.2 percent advance in RON-denominated corporate deposits and the 7.9 percent growth in corporate forex-denominated deposits.

RON-denominated household deposits advanced slightly 0.2 percent to RON 93 billion in March from February this year. At end-March 2016, household deposits in domestic currency were by 6.7 percent (10.0 percent in real terms) higher against end-March 2015.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) went down 2.6 percent to RON 72,045.1 million. At end-March 2016, RON-denominated corporate deposits were 17.2 percent (20.8 percent in real terms) higher year on year.


Non-government loans go up 0.5pc in March 2016


At end-March 2016, non-government loans granted by credit institutions edged up 0.5 percent (0.4 percent in real terms) from February 2016 to RON 216,308.1 million. RON-denominated loans added 2.3 percent (2.1 percent in real terms), whereas foreign currency-denominated loans shrank 1.4 percent when expressed in RON and 1.5 percent when expressed in EUR, reads a National Bank of Romania (BNR) Monday’s release.
At end-March 2016, non-government loans went up 2.8 percent (5.9 percent in real terms) year on year, on the back of the 20.2 percent increase in RON-denominated loans (23.9 percent in real terms) and the 11.5 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 12.7 percent).
Government credit stood 0.8 percent higher in March 2016 than a month earlier at RON 90,315.7 million. At end-March 2016, government credit added RON 14.3 million from the same year-ago period.
At end-March 2016, broad money (M3) amounted to RON 280,765.8 million, declining 1.0 percent (1.1 percent in real terms) month on month. In year-on-year comparison, broad money rose 9.9 percent (13.3 percent in real terms).

Related posts

Gruia Dufaut Law Office presents: Soil quality certificate: Increased obligations of landowners


China’s CEFC, KMG International’s majority shareholder

Nine O' Clock

Deloitte survey: Peak of confidence among Central European private equity firms fuelled by optimistic economic expectations