Romanians resume taking bank loans and save less in 2024
The Romanian households increased their stock of bank loans by RON 12.7 bln (EUR 2.54 bln) in 12 months to August 2024 (+7.4% y/y to RON 185 bln), compared to only RON 0.3 bln (+0.2%) in the previous 12-month period, according to data…
iulian ernst · Journalist
· Updated · 2 min read
The Romanian households increased their stock of bank loans by RON 12.7 bln (EUR 2.54 bln) in 12 months to August 2024 (+7.4% y/y to RON 185 bln), compared to only RON 0.3 bln (+0.2%) in the previous 12-month period, according to data published by the National Bank of Romania (BNR).
The higher net wages drove part of the surge in private consumption in 2024, but bank lending (facilitated by households’ improved confidence pinpointed by their real incomes) contributed as well.
