Romania Nov Private Lending Down 3.9% On Year To RON208B

Romanian private lending fell 3.9% in real terms to 207.9 billion lei (EUR1=RON4.2878) in November from the same month a year earlier, held down by local currency loans, central bank data showed Monday.

11 views

In real terms, private loans in Romanian lei fell 10.5% year-on-year to RON77 billion in November.

Foreign currency loans, when expressed in lei, rose 8.2% on the year to RON130.9 billion. When expressed in euros, hard currency loans were up 8% compared with November 2009.

Compared to October, the non-government loans were flat in November, on a 1.1% decrease in leu-denominated lending and a 1.2% increase in foreign-currency loans.

Deposits of non-government resident customers rose 1.9% on the month to RON172 billion in November.

End-November, government credit was at RON58.3 billion, up 14.3% in real terms compared with the year-earlier period.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.