Lending increases in Romania supported by local currency loans

26 July 2017

Loans to households and corporations in Romania rose by 0.9% in June compared to the previous month, reaching RON 226.77 billion (EUR 49.62 billion), after an advance of 0.7% in May. Meanwhile the annual growth pace reached 4.2%, according to Romania’s National Bank (BNR).

Loans in local currency lei (RON) went up by 2.5% in June compared to May, reaching RON 136.53 billion (EUR 30 billion), and by 14.7% compared to June 2016.

The household loans in lei increased by 2.4% in June over the previous month and by 21% compared to June 2016 to RON 72.74 billion (EUR 15.9 billion). Corporate loans in lei went up by 2.6% in June over May and by 8.3% compared to June 2016 reaching RON 63.78 billion (EUR 14 billion).

Meanwhile, household loans in foreign currencies dropped by 1.5% in June compared to May amounting to RON 43.8 billion (EUR 9.6 billion). Corporate loans in foreign currencies also decreased by 1.4% in June over May to RON 46.38 billion (EUR 10.1 billion).

At the end of June, the total loans contracted by Romanian households amounted to RON 116.6 billion (EUR 25.5 billion).

editor@romania-insider.com

Normal

Lending increases in Romania supported by local currency loans

26 July 2017

Loans to households and corporations in Romania rose by 0.9% in June compared to the previous month, reaching RON 226.77 billion (EUR 49.62 billion), after an advance of 0.7% in May. Meanwhile the annual growth pace reached 4.2%, according to Romania’s National Bank (BNR).

Loans in local currency lei (RON) went up by 2.5% in June compared to May, reaching RON 136.53 billion (EUR 30 billion), and by 14.7% compared to June 2016.

The household loans in lei increased by 2.4% in June over the previous month and by 21% compared to June 2016 to RON 72.74 billion (EUR 15.9 billion). Corporate loans in lei went up by 2.6% in June over May and by 8.3% compared to June 2016 reaching RON 63.78 billion (EUR 14 billion).

Meanwhile, household loans in foreign currencies dropped by 1.5% in June compared to May amounting to RON 43.8 billion (EUR 9.6 billion). Corporate loans in foreign currencies also decreased by 1.4% in June over May to RON 46.38 billion (EUR 10.1 billion).

At the end of June, the total loans contracted by Romanian households amounted to RON 116.6 billion (EUR 25.5 billion).

editor@romania-insider.com

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