Romania January Private Lending -1.5% On Month To RON207.8B

Private loans in Romanian lei declined 1.3% on the month to RON76.9 billion in January, while foreign currency loans decreased by 0.8% when expressed in lei. When expressed in euros, forex loans nudged down 0.1% in January.

Compared with January 2010, loans in Romanian lei fell 4.2% in January, whereas hard currency loans rose 10% when expressed in lei.

Deposits of non-government resident customers declined 1.8% on the month to RON174.3 billion in January.

End-January, government credit was at RON62.5 billion, up 18% in real terms from the year earlier month.