“We expect a deceleration in the annual dynamics of lending from 4.7% in 2017 to 4% in 2018, 2.2% in 2019 and 0.9% in 2020, respectively, in a context marked by the maturing of the post-crisis economic cycle and the rebalancing of the internal economic policy,” said Andrei Radulescu, macroeconomic analysis director with Banca Transilvania.
Romanian private lending grew 0.3% (declined 0.2% in real terms) in May compared with April, to RON239.12 billion, central bank data showed Monday. Compared with May 2017, private lending in Romania grew 6.4% (0.9% in real terms), as local currency lending grew 16.1% (10.2% in real terms), and foreign currency lending dropped by 7.8% when expressed in lei and by 9.4% when expressed in euros.