Credit goes down in Romania, as loans in foreign currency decrease

Non-government loans decreased by 1.9% in May compared to the same month last year, but they slightly increased compared to April, reaching about EUR 48 billion. The credits in Romanian currency lei went up by 9.7%, whereas the credits in foreign currency decreased by 10.1%, according to the central bank’s statistics. The loans to individuals in lei rose by 19.6%, whereas the corporate loans in local currency grew by 2.9%. On the other hand loans in foreign currency dropped by 13.6%, for households, and by 6.8% for companies. The total bank deposits increased by 6% in May, compared to May 2014, to EUR 51.3 billion. Deposits in local currency went up by 7.2% while those in foreign currencies grew by 3.6%. Government credit rose by 4.1% in May compared to April, to EUR 20 billion. It went up by 13.3% compared to May last year. editor@romania-insider.com