Agriculture has seen significant rise in lending over the past few years, but its share of the total lending by banks in Romania remains low, merely 4.6%, even though it went up slightly in about two months. Leading to the agriculture sector reached 20.3 billion lei in August 2020.
Services are another sector with a relatively high growth in lending, 6.5%, to more than RON107.6 billion at the end of August 2020, compared with RON101 billion in August 2019. Lending to the services sector accounts for about one quarter of all loans banks granted to the local economy, the same as in the year-ago month.
Loans to the construction sector went up 5.7% year-on-year to RON30.7 billion in August. Loans to this sector accounted for 6.9% of the total.
Industry, however, only borrowed 0.4% more than in August 2019, RON71.7 billion. Loans to the industrial sector account for 16.3% of the total lending by banks.
(English version by Loredana Fratila-Cristescu)