Household and corporate deposits up 0.9% in Romania in March, lending up 1.5%

Household and corporate deposits increased by 0.9% in March compared to the previous month, reaching RON 274.6 billion (EUR 60.4 billion), according to Romania’s National Bank (BNR). The deposits in local currency lei went up by 1% in March, to RON 187.4 billion (EUR 41.2 billion) while those in foreign currency increased by 0.8%, to RON 87.3 billion (EUR 19.2 billion). When compared to March 2016, the total household and company deposits went up by 10.6%, with a 13.5% growth for deposits in local currency and a 4.9% increase for those in foreign currencies. The total household and corporate loans increased by 1.5% at the end of March compared to the previous month, reaching RON 223.1 billion (EUR 49 billion), according to BNR. Loans in Romanian currency lei rose by 2.4%, to RON 129.9 billion (EUR 28.5 billion), whereas the loans in foreign currency went up by 0.2%, to RON 93.2 billion (EUR 20.5 billion). Compared to March 2016, the non-government credit recorded a 3.1% increase as the loans in RON went up by 13.1% and those in foreign currencies declined by 9.1%. editor@romania-insider.com