Bank deposits rise 9.5 pct in March y-o-y while slowing down on the month

Newsroom 25/04/2016 | 16:42

Bank deposits registered an advance of 9.5 percent in March 2016 year on year, due to company deposits registering increases in both RON (17.2 percent) and foreign currency (7.9 percent), according to data released by the National Bank of Romania (BNR).

Over the previous month, in March 2016 bank deposits saw a 1 percent drop on the back of an easing of deposits by companies, both in RON (a 2.6 percent drop) and in foreign currency (2.8 percent).

At the same time, RON-denominated household deposits rose slightly (0.2 percent) to RON 93 billion, when compared to the previous month, while year on year they rose by 6.7 percent (10 percent in real terms).

Forex deposits of resident households and corporates (non-financial and non-monetary financial institutions) expressed in RON decreased 0.9 percent to the level of RON 83.2 billion (expressed in EUR, foreign currency deposits decreased by 1 percent, to EUR 18.5 billion).

Compared to the same month last year, residents forex deposits expressed in RON increased by 6.5 percent (expressed in EUR, deposits increased by 5 percent); household forex deposits expressed in RON increased by 5.9 percent (expressed in EUR, deposits rose by 4.4 percent) and foreign currency deposits of legal entities (corporations and non-monetary financial institutions) expressed in RON increased by 7.9 percent (by 6.3 percent expressed in EUR).