Private lending continues downtrend in Romania

Private lending continues to decline in Romania, given that the non-government loans granted by credit institutions decreased in July compared to June, for the third consecutive month. According to data from the Central Bank BNR, non-government loans granted by credit institutions totalled RON 213.8 billion (EUR 48 billion) in July, down 0.7% month-on-month. The RON-denominated loans increased by 0.7%, while the foreign currency-denominated loans fell by 1.7% when expressed in RON and by 2.5% when expressed in EUR. Compared to the same month the previous year, non-government loans decreased by 3.4% in July 2014. At the end of July this year, the government credit increased by 8.9% from the same period a year ago. Irina Popescu, irina.popescu@romania-insider.com