In real terms, the loan volume shrank by 3.1% year-on-year in November 2022, as a result of the decline in the leu component by 6.5% and of the increase in the foreign currency component by 24.2%, if expressed in euros.
At the end of November 2022, leu-denominated loans stood at RON253 billion, with household loans accounting for RON147.3 billion of that,. 8.4% higher than in the same time in 2021, which shows a decline in consumers’ interest in taking out loans.
The leu-denominated corporate loans reached RON105.6 billion at the end of November, 10.4% more than in November 2021, but 2.4% less than in October 2022.
Government credit rose 3.4% in November compared with October to RON172 billion.
Household deposits increased by merely 4.4% to RON168 billion in November 2021 and 1.6% on the month.
In all, household and corporate deposits grew by 7.1% in November on the year-ago period to RON495.4 billion and 0.9% on the month.
(English version by Loredana Fratila-Cristescu)