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. 

 

Romanian banks’ loans to non-residents, up 39% YoY to EUR 22.6 bln

The volume of loans extended by Romanian banks to non-residents (mostly parent groups) increased by 39% YoY to RON 111 bln (EUR 22.6 bln, 10% of country’s GDP) at the end of October, nearly three times faster than the loans extended to the local non-Government sector that advanced by +13.5% YoY.

At the same time, the volume of such loans extended abroad accounts for only one-third of the (RON 316 bln, or EUR 64.2 bln) stock of local non-Government loans at the end of October.

The stock of loans to households rose by 9.4% YoY to RON 163 bln, and the loans to companies surged by 17.3% YoY to RON 143 bln.

In net terms, the net loans to non-residents (gross loans net of deposits) are visibly rising, being financed by the net positive balances held by Romanian households and companies in the Romanian banks (gross deposits net of loans).

As of the end of October, Romanian households held a positive net balance (deposits minus loans) of RON 114 bln (+13.4% YoY), or some EUR 23.2 bln, against local banks, while the Romanian companies held a net balance of RON 17.4 bln (+11.8% YoY) or EUR 3.5 bln.

The government’s net position was RON 43.9 bln (EUR 8.9 bln), but it does not include the stock of Government papers in the banks’ portfolio. 

iulian@romania-insider.com

(Photo source: Shutterstock)

Normal
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. 

 

Romanian banks’ loans to non-residents, up 39% YoY to EUR 22.6 bln

The volume of loans extended by Romanian banks to non-residents (mostly parent groups) increased by 39% YoY to RON 111 bln (EUR 22.6 bln, 10% of country’s GDP) at the end of October, nearly three times faster than the loans extended to the local non-Government sector that advanced by +13.5% YoY.

At the same time, the volume of such loans extended abroad accounts for only one-third of the (RON 316 bln, or EUR 64.2 bln) stock of local non-Government loans at the end of October.

The stock of loans to households rose by 9.4% YoY to RON 163 bln, and the loans to companies surged by 17.3% YoY to RON 143 bln.

In net terms, the net loans to non-residents (gross loans net of deposits) are visibly rising, being financed by the net positive balances held by Romanian households and companies in the Romanian banks (gross deposits net of loans).

As of the end of October, Romanian households held a positive net balance (deposits minus loans) of RON 114 bln (+13.4% YoY), or some EUR 23.2 bln, against local banks, while the Romanian companies held a net balance of RON 17.4 bln (+11.8% YoY) or EUR 3.5 bln.

The government’s net position was RON 43.9 bln (EUR 8.9 bln), but it does not include the stock of Government papers in the banks’ portfolio. 

iulian@romania-insider.com

(Photo source: Shutterstock)

Normal
 

facebooktwitterlinkedin

1

Romania Insider Free Newsletters