Private lending flat month-on-month in Romania while deposits go down

Romania's non-governmental loans stayed flat at EUR 50.9 billion in June compared to May, but were up 6.9 percent compared to June 2011, while the government credit was down by 2 percent on May, to some EUR 18 billion, according to data from the country's Central Bank (BNR). At end-June 2012, government credit increased by 19.9 percent (17.5 percent in real terms) from the same period a year ago .

Loans in RON went up by 2.1 percent month-on-month and by 4.2 percent year-on-year, while loans in foreign currency were down by 1.2 percent compared to May, while still 7.5 percent higher than in June 2011. The growth in RON loans was higher on the corporate side than in households, both compared to May this year and to June last year. Individual consumers' loans in local currency were actually lower by 2.9 percent year-on-year. Meanwhile, Romanians managed to save less compared to the previous month, both in local currency and in other currencies. Compared to June 2011, the volume of deposits was however higher by 9.6 percent. The bigger growth year-on-year was for RON deposits. Overall, deposits stood at EUR 42.8 billion at the end of June this year. editor@romania-insider.com (photo source: sxc.hu)