ECONOMY FINANCE&BANKING

Non-government corporate and household loans up 0.1 pct this April

At the end of April 2016, non-government corporate and household loans granted by credit institutions stood at 216.4 bln lei, 0.1 percent higher compared to the month before and 3 percent higher year-on-year, shows a  release of the National Bank of Romania (BNR).

‘At end-April 2016, non-government loans granted by credit institutions edged up 0.1 percent (0.2 percent in real terms) from March 2016 to 216.439 billion lei. RON-denominated loans advanced 1.7 percent (1.8 percent in real terms), whereas foreign currency-denominated loans dropped 1.7 percent when expressed in RON and 1.8 percent when expressed in EUR,’ informs the release.

RON-denominated household loans advanced 2.5 percent overall from March and 35.5 percent from April 2015, respectively, to over 57.2 billion lei. Forex-denominated loans dropped 1.3 percent from March and 14.7 percent from April 2015, respectively.

‘On April 30, 2016 the government credit was up 3.0 percent (6.5 percent in real terms) year-on-year, on the back of the 21.1 percent increase in RON-denominated loans (25.1 percent in real terms) and the 12.0 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 13.2 percent),’ BNR informs.

The government credit stood 2.0 percent higher in April 2016 than a month earlier, at 92.152 million lei. At end-April 2016, government lending was 7.5 percent (11.1 percent in real terms) higher from the same year-ago period.

Broad money (M3) amounted to over 285.451 million lei at the end of April, up 1.7 percent (1.8 percent in real terms) month on month. In a year-on-year comparison, broad money rose 10.8 percent (14.5 percent in real terms).

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