Romania's private lending down 3.9% on year in November

Romania's private lending fell by 3.9 percent to EUR 48.5 billion in November from the same month in 2009, held down by local currency loans, according to the Romanian Central Bank (BNR). In real terms, private loans in Romanian lei fell by 10.5 percent year-on-year to EUR 17.9 billion in November. Foreign currency loans, when expressed in Romanian currency leu, rose by 8.2 percent on the year to EUR 30.5 billion. When expressed in euros, hard currency loans were up 8 percent compared with November 2009. Mediafax