Romania October Private Lending Falls 1.1% On Month
Romanian private lending fell 1.1% in real terms to 206.8 billion lei (EUR1=RON4.3079) in October from the month earlier, central bank data showed Wednesday.
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Romania October Private Lending Falls 1.1% On Month
Private lending in Romanian lei was down 1.1% on the month in October, while loans in foreign currency fell 0.5%.
Non-government lending was down 4.7% on the year in October, held down by local currency loans.
In real terms, private loans in Romanian lei fell 10% year-on-year to RON77.5 billion in October.
Foreign currency loans, when expressed in lei, rose 6.5% on the year to RON129.3 billion. When expressed in euros, hard currency loans were up 7.3% compared with October 2009.
Deposits of non-government resident customers slipped 0.6% on the month to RON168.9 billion in October.
End-October, government credit was at RON53.8 billion, up 25.3% in real terms compared with the same period a year earlier.
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