Loans up 1.1 pct in June vs May, decreased 0.1 pct y-o-y

Newsroom 23/07/2015 | 17:56

Loans to companies and households rose by 1.1 percent in June compared to May (4.1 percent in real terms), to RON 215.1 billion (EUR 48.64 billion), according to data from the National Bank.

 

Loans in the national currency rose by 3.9 percent while foreign currency financing contracted by 1.4 percent, compared to the previous month. Year on year, crediting decreased by 0.1 percent in June.

RON-denominated loans increased by 3.9 percent (7.1 percent in real terms), from about RON 102.43 billion (EUR 23.16 billion), while the annual advance stood at 13.2 percent.

Individual credits stood at RON 45.96 billion (EUR 10.39 billion), up five percent compared to May and by 24.7 percent compared to June last year, while company loans reached RON 56.47 billion (EUR 12.77 billion), three  percent more than in May and 5.4 percent year on year.

Foreign currency loans denominated in RON shrank by 1.4 percent to RON 112.68 billion (expressed in euro, the decrease is by 2.1 percent). Year on year, this category of credits registered a 9.8 percent drop.

In the households, lending in foreign currency decreased by 2.7 percent to RON 59.06 billion, while for companies it increased by 0.2 percent to 53.62 billion lei, as compared to May. Year on year, tit registered decreases of 8.4 percent for individuals and 11.3 percent for firms.

Nongovernment credit showed a decrease of 0.1 percent (1.4 percent in real terms) against June 2014, while government credit recorded a growth of 9.1 percent (10.8 percent in real terms) year on year.

Deposits increased by 1.3 percent from the previous month to nearly RON 230.97 billion, with a 7.9 percent annual growth. Savings in the local currency had an advance of 1.4 percent, to RON 151.91 billion, while those in foreign currency denominated in RON rose by 1.2 percent to RON 79.05 billion (expressed in EUR, they increased by 0.4 percent to EUR 17.67 billion). Year on year, RON savings grew by 8.5 percent and foreign currency savings by 6.6 percent.

Deposits in RON of the population increased by 0.4 percent against May and by 8.2 percent (9.9 percent in real terms) year on year to RON 88.03 billion, while those of companies increased by 2, 8 percent against May and 9.1 percent (10.8 percent in real terms) compared to June 2014, to RON 63.88 billion.

Household foreign deposits expressed in RON rose by 1.1 percent to RON 53.36 billion, respectively by 8.1 percent compared to June 2014. Company foreign deposits increased by 1.3 percent at RON 25.69 billion lei, and by 3.5 percent compared to June last year.

Natalia Martian

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