Romanians put more money aside: Long term deposits climb to over EUR 1 bln

Long term deposits - with maturity of over 1 year - exceeded EUR 1 billion at the end of November 2011 in Romania, according to the Romanian Central Bank (BNR).

The BNR's most recent figures show the balance of RON deposits with maturity over one year was about EUR 860 million (RON 3.75 billion) at end-November 2011, up 25.6 percent compared to the same period in 2010, while the deposits in EUR amounted to EUR 367 million (RON 1.5 billion), 37.5 percent over November 2010. The long term deposits in other currencies reported a year-on-year increase of 35.3 percent, and amounted to EUR 57 million (RON 249 million) at the end of November 2011. See BNR’s data here. Irina Popescu, irina.popescu@romania-insider.com (photo source: Sxc.hu)