Financial intermediation loses ground in Romania on sluggish lending

The stock of non-government bank loans in Romania increased by 0.6% m/m and 5.4% y/y to RON 384.2 billion (EUR 77 billion) at the end of November.   The annual growth rate, dragged down by more cautious household borrowing and moderate corporate lending, remained inferior to consumer price inflation (+6.7% y/y in November) and to the 13% nominal advance estimated for Romania’s GDP in 2023 compared ...

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