13 C
Bucharest
April 16, 2021
ECONOMY FINANCE&BANKING

BNR: Non-government loans go down 0.2pct in December 2016

The non-government loans went down 0.2 percent in December from the previous month, to RON 220,091.3 million, reads a press release the National Bank of Romania (BNR) issued on Wednesday.

“At end-December 2016, non-government loans granted by credit institutions went down 0.2 percent (down 0.5 percent in real terms) from November 2016 to RON 220,091.3 million. RON-denominated loans expanded 0.4 percent (0.1 percent in real terms), whereas foreign currency-denominated loans shrank 1.1 percent when expressed in RON and 1.6 percent when expressed in EUR,” the BNR mentions.

At end-December 2016, non-government loans went up 1.2 percent (1.8 percent in real terms) year on year, on the back of the 14.3 percent increase in RON-denominated loans (15.0 percent in real terms) and the 12.2 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 12.5 percent).

According to the BNR, Government credit contracted by 0.3 percent in December 2016 from a month earlier, to RON 93,273.6 million. At end-December 2016, government credit advanced 4.1 percent (4.6 percent in real terms) from the same year-ago period.

 

Related posts

EY survey: Finance leaders rethink roles and responsibilities as new operating reality sets in

NINE O'CLOCK

Unemployment rate down to 5.9pct in Q2, highest within youth

Nine O' Clock

GRID has opened its 10th store in Bucharest

NINE O'CLOCK