New loans in the first ten months accounted for 24% of private lending, which stood at RON279 billion in January-October and is calculated as the difference between total loans granted in the private sector and loan repayments (in full or in part) and loan sales.
Lending was driven by companies in the first ten months, which accessed 56% of total loans granted.
“Since the onset of the pandemic, the Romanian banking system has acted as a shock absorbed for the health crisis by absorbing clients’ liquidity problems, and continued to finance households, companies and the Romanian government,” the Romanian Banking Association said in a statement Monday.
The bulk of new loans were in lei – 82%, followed by loans in euro – 14.65%, and loans in US dollars, contracted exclusively by companies – 3.21%.
New household lending in January-October amounted to RON29.41 billion and 98% were loans in lei. Companies accessed almost RON38 billion, of which 70% were loans in lei.