Romania Jan Private Lending Falls 8.2% YY To RON199.3B

Compared with December, private lending was down 1.9%, on the backdrop of 1% decreases in both leu-denominated and hard-currency denominated loans. When expressed in euros, hard currency loans, however, rose 1.6% on the month.

Private loans in Romanian lei dropped 8.9% on the year to RON80.3 billion in January, the data showed. Hard currency loans, when expressed in lei, fell 3% on the year to RON119 billion. When expressed in euros, foreign currency loans expanded by 0.7%.

Deposits of non-government resident customers rose 6.6% on the year to RON164.3 billion in January, but were down 2% on the month.

Government credit was up 115.9% on the year to RON49.6 billion in January, after increasing by 5.9% compared with December.