Romanian March Private Lending Dn 2.6% M-M To RON202.6B

Romanian private lending fell in real terms by 2.6% on the month in March to 202.62 billion lei (EUR1=RON4.2218), but was up 15.4% compared with the same month of 2008, the central bank said in a statement Monday.

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Compared with February 2009, Romanian leu-denominated loans were down 1.4% in real terms in March, at RON83.03 billion, while foreign currency-denominated loans fell by 2.9%, when expressed in lei, and by 1.6% when expressed in euros, to RON119.58 billion.

The annual private lending growth in March was due to a 5% real-terms increase in Romanian leu lending and a 32.1% increase in foreign currency lending, when expressed in lei. When expressed in euros, foreign currency loans were 16.3% higher on the year in March.

Deposits of non-government resident customers dropped by 0.2% on the month in March to RON154.1 billion, but were up 15.4% compared with the same month of the previous year.

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