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BNR: Non-government loans granted by credit institutions edged up 2.4 percent from May
Non-government loans granted by credit institutions edged up 0.7 percent (0.4 percent in real terms) from April 2016 and 2.4 percent (6 percent in real terms) from May 2015, to 217,888.9 million lei, according to data with the National Bank of Romania (BNR) released on Thursday.
RON-denominated loans added 1.6 percent (1.3 percent in real terms), whereas foreign currency-denominated loans shrank 0.4 percent when stated in lei and 1.1 percent when stated in euros.
Total value of household loans extended in May stood at 58.526 billion lei, up 2.3 percent from April 2016 and 33.7 percent from May 2015. Forex-denominated loans declined 1.2 percent from April 2016 and 16.2 percent from April 2015.
At end-May 2016, non-government loans went up 2.4 percent (6.0 percent in real terms) year on year, on the back of the 19.3 percent increase in RON-denominated loans (23.6 percent in real terms) and the 12.2 percent decline in foreign currency-denominated loans stated in lei (when stated in euros, forex loans dropped 13.6 percent).
Government credit contracted by 1.4 percent in May 2016 from a month earlier to 90,901.3 million lei. At end-May 2016, government credit added 1.9 percent (5.6 percent in real terms) from the same year-ago period.
At end-May 2016, broad money (M3) amounted to 290,646.0 million lei, up 1.8 percent (1.6 percent in real terms) month on month. In year-on-year comparison, broad money rose 12.7 percent (16.8 percent in real terms).