Romania Feb Private Lending Falls 8% YY To RON199.2B

In February compared with the month before, private lending nudged down 0.3%, due to a 1.2% decline in leu-denominated loans, the central bank said.

However, loans in foreign currency were up 0.6% on the month. When expressed in euros, hard currency lending increased by 0.9% in February compared with January.

Private loans in Romanian leu fell 9.2% on the year to RON79.5 billion in February. Hard currency loans, when expressed in lei, fell 2.8% on the year to RON119.6 billion. When expressed in euros, foreign currency loans rose by 1.5%.

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Deposits of non-government resident customers rose 7% on the year to RON165.17 billion in February, and were up 0.5% on the month.

Government credit was up 96.3% on the year to RON50.92 billion in February.