Banks offered RON 12 bln worth loans to individuals in five months

Newsroom 04/07/2016 | 14:32

Banks offered RON 12 billion loans to individuals in the first five months of 2016, an increase with 50 percent compared with the same period of 2015, because of the drop in interest rate in RON and an aggressive promotion of national currency credits.

The new loans contracted by individuals for houses acquisitions grew by 54 percent during January-May and reached a total volume of RON 5 billion, while the new consumer loans overpassed RON 7 billion, meaning an increase of 44 percent compared with the same period in 2015, according to BNR.

In May, the consumer loans grew by 5 percent compared with the previous month, as well as with May 2015.

The housing loans grew by 17 percent compared with April and with over 50 percent compared with the same period of the last month. The total volume reached RON 1.35 billion in May. The consumer loans reached almost RON 1.6 billion in May.

Georgiana Bendre