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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Bank lending gains momentum in Romania to 6.6% in March

The stock of bank loans to the non-government sector increased by 6.6% year-on-year to RON 290.6 billion (EUR 59.3 bln) at the end of March, accelerating from a 5.3% yoy annual growth rate in February, according to Romania's National Bank (BNR).

The portfolio of loans expressed in local currency increased at a rate nearly double the average (+11.3% yoy) to RON 204 bln (over 70% of total) while the stock of foreign currency loans contracted by 3% yoy.

Speaking of local currency loans, the banks extended nearly RON 20 bln (EUR 4 bln) of new loans in the first quarter of the year, 21.7% more than in the same quarter of 2020.

The new corporate loans extended in Q1 soared by 31% yoy to RON 9.3 bln and the retail mortgage loans by 27% yoy to RON 4.3 bln and the retail consumer loans by 7.5% yoy to RON 6.1 bln.

Comparatively, the new loans denominated in euro rose by 35% yoy to only EUR 951 mln (RON 4.66 bln). 

(Photo: Shutterstock)

iulian@romania-insider.com

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Bank lending gains momentum in Romania to 6.6% in March

The stock of bank loans to the non-government sector increased by 6.6% year-on-year to RON 290.6 billion (EUR 59.3 bln) at the end of March, accelerating from a 5.3% yoy annual growth rate in February, according to Romania's National Bank (BNR).

The portfolio of loans expressed in local currency increased at a rate nearly double the average (+11.3% yoy) to RON 204 bln (over 70% of total) while the stock of foreign currency loans contracted by 3% yoy.

Speaking of local currency loans, the banks extended nearly RON 20 bln (EUR 4 bln) of new loans in the first quarter of the year, 21.7% more than in the same quarter of 2020.

The new corporate loans extended in Q1 soared by 31% yoy to RON 9.3 bln and the retail mortgage loans by 27% yoy to RON 4.3 bln and the retail consumer loans by 7.5% yoy to RON 6.1 bln.

Comparatively, the new loans denominated in euro rose by 35% yoy to only EUR 951 mln (RON 4.66 bln). 

(Photo: Shutterstock)

iulian@romania-insider.com

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