Romania’s non-governmental loans slightly down in December 2013

Romania’s non-governmental loans totaled some EUR 48.9 billion in December 2013, down 0.6 percent compared to the previous month, shows the data from the country’s central bank BNR. Compared to the same month of the previous year, the non-governmental loans granted by credit institutions decreased 3.3 percent in December 2013, “due to the 0.7 percent increase in RON-denominated loans (down 0.8 percent in real terms) and the 5.7 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 6.8 percent),” according to BNR. Government credit had a month-on-month increase of 3.5 percent in December last year. Compared to the same period in 2012, the government credit went up 1.8 percent. The RON-denominated non-governmental loans went down 0.6 percent month-on-month, while foreign currency-denominated loans fell by 0.6 percent when expressed in RON and by 1.5 percent when expressed in EUR. The deposits of non-government resident customers went up 3.2 percent in December 2013, compared to November. Irina Popescu, irina.popescu@romania-insider.com