The decline recorded last year in terms of new loans has continued over January 2015, shows the latest report provided by the National Bank of Romania (BNR) which indicates a 0.3 percent decrease in non-governmental loans compared to December 2014 and a 3.8 percent drop compared to the same month in 2014.
Loans granted by credit institutions to households and companies in Romania at end-January 2015 came to nearly 210.4 billion lei, of which RON-denominated loans totalled 91.7 billion lei and forex loans amounted to about 118.7 billion lei.
While RON-denominated loans went up 6.7 percent year-on-year (6.2 percent in real terms) on the back of the 16.3 percent hike (15.8 percent in real terms) in household loans, foreign currency-denominated loans expressed in RON fell by 10.6 percent and by 9.5 percent when expressed in EUR.
At the same time, in December 2014, RON-denominated loans declined by 0.5 percent (down 0.9 percent in real terms), whereas foreign currency-denominated loans expressed in RON contracted by 0.2 percent, but rose by 0.7 percent when expressed in EUR.
As regards deposits, there was a 1 percent fall-off in January 2015 versus the previous month, while they increased by 7 percent compared to January 2014. Hence, deposits of non-government resident customers added up to 230.2 billion lei
Household deposits in domestic currency rose by 1 percent against end-December 2014 (+6.4 pct y-o-y) , while corporate deposits decreased by 5.9 percent (+10.8 pct y-o-y).
Forex-denominated deposits of resident households and corporates expressed in RON advanced 1.1 percent compared to December 2014 (+4.6 pct y-o-y): household forex deposits grew by 0.5 percent (+4.8 pct Y-o-y) when expressed in domestic currency and forex deposits of companies rose by 2.2 percent (4.1 pct y-o-y) when expressed in RON, indicates the BNR report.