BNR: RON-denominated household deposits up by 13 percent in past year

Newsroom 25/01/2017 | 13:37

RON-denominated household deposits increased by 3.6 percent to RON 103,643.6 million. At end-December 2016, household deposits in domestic currency increased by 13 percent (13.7 percent in real terms) year-on-year, the National Bank of Romania (BNR) revealed today.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) added 8.1 percent to RON 84,759.4 million. At end-December 2016, RON-denominated corporate deposits climbed by 6.4 percent (7.0 percent in real terms) year-on-year.

Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) went up 1.4 percent to RON 85,816.2 million when expressed in domestic currency (when expressed in EUR, forex deposits moved ahead 0.9 percent to EUR 18,897.7 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 4.5 percent (when expressed in EUR, residents’ forex deposits rose by 4.2 percent); household forex deposits climbed by 8.6 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 8.2 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) moved down 3.7 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities contracted by 4.0 percent).