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BNR: Monetary indicators – June 2022

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According to the National Bank of Romania (BNR) data, at end-June 2022, broad money (M3) amounted to RON 569,291.7 million, down 0.02 percent (or 0.8 percent in real terms) month on month. In year-on-year comparison, broad money rose by 9.6 percent (down 4.7 percent in real terms).

 

At end-June 2022, loans to non-government sector granted by credit institutions increased 2.2 percent (1.4 percent in real terms) from May 2022 to RON 352,813.6 million. RON-denominated loans, representing 72.0 percent of total volume of loans to non-government sector, moved up 1.3 percent, whilst foreign currency-denominated loans, representing 28.0 percent of total loans to non-government sector, grew 4.7 percent when expressed in RON (4.6 percent when expressed in EUR).

In year-on-year comparison, loans to non-government sector advanced 17.5 percent (2.1 percent in real terms), on the back of the 19.0 percent increase in RON-denominated loans (3.4 percent in real terms) and the 13.7 percent rise in foreign currency-denominated loans expressed in RON (13.3 percent when expressed in EUR).

 

Credit to general government increased 0.2 percent in June 2022 from the previous month to RON 164,213.7 million. In year-on-year comparison, this indicator increased 3.0 percent (down 10.5 percent in real terms).

 

Deposits of non-government resident customers went up 0.01 percent month on month to RON 481,120.1 million, while the annual growth rate was 9.8 percent (down 4.5 percent in real terms).

 

RON-denominated deposits of residents, representing 62.6 percent of deposits of non-government customers, decreased 0.1 percent to RON 300,988.4 million month on month and rose 5.7 percent (down 8.1 percent in real terms) year on year.

 

RON-denominated household deposits went up 0.2 percent to RON 156,942.5 million month on month and decreased 0.5 percent (or 13.5 percent in real terms) year on year.

 

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) decreased 0.6 percent (to RON 144,045.9 million) month on month and advanced by 13.4 percent (down 1.5 percent in real terms) year on year.

 

Foreign currency-denominated deposits of residents, representing 37.4 percent of total volume of deposits of non-government customers, advanced 0.3 percent against May 2022 to RON 180,131.7 million when expressed in domestic currency (when expressed in EUR, these deposits increased 0.2 percent to EUR 36,424.1 million). In year-on-year comparison, this indicator grew 17.5 percent when expressed in RON and 17.1 percent when expressed in EUR.

 

Foreign currency-denominated deposits of households went down 0.01 percent from May 2022 to RON 126,455.1 million when expressed in RON (when expressed in EUR, these deposits decreased 0.1 percent to EUR 25,570.3 million). On an annual basis, this indicator expanded by 14.2 percent when expressed in domestic currency and by 13.7 percent when expressed in EUR.

 

Foreign currency-denominated deposits of other sectors increased 0.9 percent against May 2022 to RON 53,676.6 million when expressed in RON (when expressed in EUR, these deposits rose 0.9 percent to EUR 10,853.8 million). Compared to June 2021, this indicator moved up 26.2 percent when expressed in RON (25.7 percent when expressed in EUR).

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