The overall non-government loans stood at 210.35 billion lei (EUR47.4 billion), down 4.2% in real terms from January 2014. Compared with the end of December, private lending was down 0.7% in real terms, the data showed.

Private loans in Romanian lei were down 0.9% on the month, and foreign currency loans were down 0.2% when expressed in lei, but 0.7% higher when expressed in euros.

Compared with January 2014, non-government leu lending rose 6.2%, but forex loans declined 10.6% when expressed in lei and 9.5% when expressed in euros.

Deposits of non-government resident customers were down 1% on the month to RON230.18 billion in January.

End-January, government credit reached RON86.8 billion, up 4.1% in real terms from the year-earlier month.