Romania Private Lending Grows 0.8% on Month in January

Private lending in Romania grew 0.8% in nominal terms and 0.4% in real terms in January compared with December 2019, to RON269.646 billion, central bank data showed Tuesday.

Local currency lending, which accounted for 67.3% of all private lending in Romania, increased 0.2% on the month in January but declined by 0.2% in real terms. Foreign currency lending grew 1.9% when expressed in lei and 1.9% when expressed in euros, the central bank said.

Compared with January 2019, private lending in Romania grew 6.9% in nominal terms and 3.2% in real terms, as local currency lending grew 10% nominally and 6.2% in real terms. Foreign currency lending grew by 1.1% when expressed in lei and declined 0.2% when expressed in euros.

Deposits of non-government resident customers stood at RON364.541 billion in January, 0.9% lower compared with December, the data showed.

Deposits grew 10% in nominal terms and 6.2% in real terms in January compared with January 2019.

Government credit grew 2.7% in January compared with December, to RON119.4 billion. Compared with January 2019, government credit grew 13.8% in nominal terms and 9.8% in real terms.