According to the press release dated July 23 of National Bank of Romania, at end-June 2019, broad money (M3) amounted to RON 390,477.8 million, up 0.3 percent (0.5 percent in real terms) month-on-month. In year-on-year comparison, broad money rose by 7.7 percent (3.7 percent in real terms).
At end- June 2019, loans to non-government sector granted by credit institutions advanced by 0.8 percent (1.0 percent in real terms) from May 2019 to RON 259,570.9 million. RON-denominated loans went up 1.3 percent (1.5 percent in real terms) and foreign currency-denominated loans decreased 0.1 percent when expressed in RON (up 0.1 percent when expressed in EUR).
In year-on-year comparison, loans to non-government sector went up 7.1 percent (3.1 percent in real terms), on the back of the 9.6 percent increase in RON-denominated loans (5.5 percent in real terms) and the 2.4 percent increase in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans went up 0.8 percent).
Credit to general government decreased by 4.5 percent in June 2019 from the previous month to RON 100,098.5 million and advanced 2.0 percent (down 1.8 percent in real terms) versus the same year-ago period.
Deposits of non-government resident customers went up 0.1 percent month-on-month to RON 336,975.1 million in June 2019, and up 7.7 percent (3.7 percent in real terms) over the same year-ago period.
RON-denominated household deposits moved up 1.0 percent to RON 124,396.2 million month-on-month and up 8.7 percent (4.7 percent in real terms) year-on-year.
Furthermore, RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) decreased by 2.7 percent to RON 95,669.5 million. At end-June 2019, RON-denominated deposits of other sectors climbed by 0.8 percent year-on-year.
Residents’ forex-denominated deposits increased 1.5 percent to RON 116,909.3 million when expressed in domestic currency (when expressed in EUR, forex deposits moved up 1.8 percent to EUR 24,689.9 million). In year-on-year comparison, residents’ forex deposits expressed in RON grew 12.9 percent (when expressed in EUR, residents’ forex deposits rose by 11.1 percent).
At end-June 2019, forex deposits of households advanced month on month 1.0 percent (1.2 percent in real terms) when expressed in domestic currency (when expressed in EUR, forex deposits of households moved up 1.3 percent). At end-June 2019, households’ forex deposits climbed by 15.6 percent when expressed in domestic currency year-on-year.
Forex-denominated deposits of resident households and other sectors (non-financial corporations and non-monetary financial institutions) went up 2.8 percent (3.1 percent in real terms) when expressed in RON (when expressed in EUR, forex deposits of other sectors increased 3.1 percent). In year-on-year comparison, forex deposits of other sectors (non-financial corporations and non-monetary financial institutions) stood 6.3 percent higher when expressed in RON (when expressed in EUR, forex deposits of residents from other sectors rose by 4.6 percent).
For further information: National Bank of Romania – monetary indicators