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August 6, 2021
ECONOMY FINANCE&BANKING

Non-government loans granted by credit institutions in Romania advance 0.9pct in June

At end-June 2017, non-government loans granted by credit institutions went up 0.9 percent (0.8 percent in real terms) from May 2017 to RON 226,777.9 million, the National Bank of Romania (BNR) reported in a press statement on Tuesday.

“RON-denominated loans expanded 2.5 percent (2.5 percent in real terms), whereas foreign currency-denominated loans shrank 1.5 percent when expressed in RON and 1.1 percent when expressed in EUR. At end-June 2017, non-government loans went up 4.2 percent (3.3 percent in real terms) year on year, on the back of the 14.7 percent increase in RON-denominated loans (13.8 percent in real terms) and the 8.5 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 9.1 percent).”

Government credit contracted by 4.2 percent in June 2017 from a month earlier to RON 97,122.4 million. At end-June 2017, government credit advanced 6.7 percent (5.8 percent in real terms) versus the same year-ago period.

According to BNR, Romania’s broad money (M3) amounted to RON 321,759.6 million, up 0.1 percent (0.1 percent in real terms) month on month. In year-on-year comparison, broad money rose 9.0 percent (8.1 percent in real terms).

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