Deposits belong to a small percentage of the total population and most people have no money in the bank, believes economic analyst Dragos Cabat.
“There are counties with rich people and counties with poor people. Only a small percentage of the total population makes deposits. Most people have no money in the bank,” Dragos Cabat said.
“The distribution thereof depends on how rich or poor a particular region is. Hence the discrepancies. Deposit volume depends on the number of people in counties. One of the differences stems from some counties being larger and others smaller and another from some being richer and some poorer.”
Bucharest-Ilfov leads in the ranking of the counties with the highest retail deposits in lei and foreign currency per capita at the end of 2020. At a population of 2.6 milion, the average deposit per capita is RON24,684 compared with a national average of RON8,203. Bucharest-Ilfov accounts for some 35.5% of the total population deposits.
Cluj ranks second among counties with the highest volume of retail deposits per capita, RON15,240, 62% lower than the Bucharest-Ilfov average.
Constanta is the third leading county, with RON11,075 deposits per capita.
Giurgiu, on the other hand, is the county with the lowest volume of such deposits. At a population of 267,712, the average per capita is RON2,160, almost four times lower than the national average. The volume of consumers’ deposits in the county accounts for only 0.3% of the total of the category at the end of 2020.
Botosani is next to last in the county ranking with an average of RON2,574 per capita at the end of 2020.
Teleorman is right above it, with RON2,674.
(English version by Loredana Fratila-Cristescu)