The evolution of private lending was due to a 0.3% increase in local currency lending and to a 22% advance in foreign currency lending. In real terms, local currency lending fell by 9% in June 2023 from June 2022.
Compared to May 2023, private lending edged up 0.8% in nominal terms (+0.4% in real terms) in June 2023. Local currency lending, making up 67.9% of the total private lending, rose by 1.4% and foreign currency lending expressed in lei, with a 32% share in the total private lending, fell 0.3% (-0.2% when expressed in euros).
Of the total value of banks’ loan balance in June 2023, loans in lei amounted to RON255 billion, of which household loans covered RON147.6 billion, up 1.8% versus June 2022. The balance of corporate loans in lei reached RON107 billion, down 1.6% from June 2022.
Household foreign currency loans stood at RON23.3 billion in June 2023, down 9.8% from June 2022, and corporate loans stood at RON97 billion, up 33% on the year.
Government credit edged up 0.2% to RON190 billion in June 2023 compared to May 2023 and increased by 15.7% (+4.9% in real terms) versus June 2022.
Deposits of non-government resident customers inched down 0.1% to RON533 billion in June 2023 compared to May 2023, but grew by 10.8% versus June 2022 (+0.5% in real terms).
RON-denominated household deposits decreased by 0.5% to RON361.9 billion in June 2023 versus May 2023, but increased by 20.3% (+9.1% in real terms) compared to June 2022.