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BNR: Monetary indicators – September 2019
According to the Romanian Central Bank (BNR) data, at end-September 2019, broad money (M3) amounted to RON 400,422.3 million, up 1.0 percent (0.9 percent in real terms) month on month. In year-on-year comparison, broad money rose by 9.3 percent (5.6 percent in real terms).
At end-September 2019, loans to non-government sector granted by credit institutions advanced by 0.8 percent (0.7 percent in real terms) from August 2019 to RON 266,776.2 million. RON-denominated loans went up 0.6 percent (0.5 percent in real terms) and foreign currency-denominated loans increased 1.2 percent when expressed in RON (0.7 percent when expressed in EUR). In year-on-year comparison, loans to non-government sector went up 7.7 percent (4.1 percent in real terms), on the back of the 9.7 percent increase in RON-denominated loans (6.0 percent in real terms) and the 3.9 percent increase in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans stood 2.0 percent higher).
Credit to general government advanced by 2.5 percent in September 2019 from the previous month to RON 107,466.2 million and by 5.6 percent (2.0 percent in real terms) versus the year-ago period.
Deposits of non-government resident customers went up 1.3 percent month on month to RON 346,102.4 million in September 2019 and the annual growth rate was 10.0 percent (6.3 percent in real terms).
RON-denominated household deposits increased by 0.3 percent to RON 124,941.7 million month on month and moved up 8.8 percent (5.2 percent in real terms) year on year.
RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced by 3.2 percent to RON 101,480.2 million month on month and by 8.2 percent versus the year-ago period.
Residents’ forex-denominated deposits increased 0.7 percent against the previous month to RON 119,680.4 million when expressed in domestic currency (when expressed in EUR, forex deposits moved up 0.2 percent to EUR 25,190.0 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 10.8 percent).
At end-September 2019, forex deposits of households advanced 1.5 percent from the previous month (1.4 percent in real terms) when expressed in domestic currency (when expressed in EUR, households’ forex deposits moved up 1.0 percent). On an annual basis, forex deposits of households expanded by 14.6 percent when expressed in domestic currency (when expressed in EUR, households’ forex deposits rose by 12.5 percent).
Forex-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) went down 1.3 percent (down 1.4 percent in real terms) when expressed in RON (when expressed in EUR, forex deposits of other sectors fell 1.7 percent). Compared to the same month of 2018, forex deposits of other sectors (non-financial corporations and non-monetary financial institutions) moved up 8.3 percent when expressed in RON (when expressed in EUR, forex deposits of residents from other sectors rose by 6.3 percent).