Private lending slides down further in March

The lending activity in Romania is still on a downward trend, with demand for loans showing no sign for recovery, despite many signs of improving economic environment.

Romanian private lending fell 0.2 percent in real terms to RON 217.86 billion in March from the previous month, according to data from the Romanian Central Bank (BNR).

Private lending in Romanian lei went up 2.3 percent on the month in March (RON 88.13 billion), while loans in foreign currency fell 1.9 percent (RON 129.73 billion).

Non-government lending was down 2.7 percent on the year in March, held down by local currency loans. Government lending dropped 2.7 percent to RON 81.92 billion on month but compared to march 2013 it increased 12 percent.

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