Romania private lending continues downward trend in May

Newsroom 26/06/2014 | 12:35

Romanian private lending went down 0.6 percent on the month in real terms to RON 216.9 billion (EUR49.4 billion) in May, due to a 1.9 percent decrease in loans in foreign currency, central bank data showed Thursday.

At the same time, lei-based loans increased by 1.2 percent, to RON 89.86 billion.

Compared to May 2013, private lending is down 2.1 percent (3 percent in real terms) on account of the lei component going up 7 percent, while loans in foreign currency are down 7.7 percent year on year, according to a press release from the central bank.

Company loans are up 0.7 percent month-on-month on the lei component, to RON 53.27 billion, and the foreign currency loans are down 1.6 percent to RON 61.96 billion.

Private deposits stagnated in May, with just a 0.1 percent increase, to RON 215.17 billion.