Romania August Private Lending Up 0.2% On Month

Private lending in Romanian lei was down 0.8% on the month in August, while loans in foreign currency rose 1.1%. When expressed in euros, hard currency lending increased by 0.8% compared with July.

Non-government lending was down 2.8% on the year in August, held down by local currency loans.

In real terms, private loans in Romanian leu fell 8.9% on the year to RON78.1 billion in August.

Foreign currency loans, when expressed in lei, were up 8.9% on the year to RON129.5 billion. When expressed in euros, hard currency loans rose 8% compared with August 2009.

Deposits of non-government resident customers were at RON169.4 billion in August, up 0.9% on the month.

End-August, government credit was at RON54.5 billion, up 13.4% in real terms compared with the same period a year earlier.