“The households’ position as net creditor of the banking system remained adequate in January-September at RON41.7 billion. The upward trend of the position of net creditor in foreign currency continued, as bank loans in foreign currency went down,” the latest financial stability report of Romania’s central bank reads.
Households have become the net creditor of banks in the last few years, shifting from the position of net debtors during the economic boom days, when loans equaled and then outstripped deposits. The crisis suddenly halted the progress of lending and recovery has been slow in the past few years.
Households became net creditor for the banking system for foreign currency resources last year for the first time in a decade. Their position as net creditor of the banking system in lei a foreign currency improved in 2016, reaching RON42.9 billion.
The position of net creditor in foreign currency increased by RON7.9 billion in January – September 2017, while the leu component dropped by about RON8.4 billion.
(English version by Loredana Fratila-Cristescu)