The upward trend has continued in the past three months, after in August private lending was 7.7% higher than in the corresponding period of 2023 and grew by 8.4% year-on-year in September.
In real terms, non-governmental lending in October 2024 increased by 4.1% from October 2023. The lei component rose by 11.7% in real terms, while the foreign currency one advanced by 3% expressed in euros.
In monthly terms, private lending increased by 0.7% in October against September and by 0.1% in real terms.
Local currency lending, weighing 70.1% in the overall non-governmental lending, went up by 1.1%, while foreign currency lending, with a 29.9% weight in the overall non-governmental lending, dropped by 0.3%.
Local currency loans at end-October reached RON291.5 billion, of which household loans represented RON170 billion, up 12.2% yearly.
Lei loans contracted by companies posted an 11% advance, to RON121.4 billion.
In the same period, foreign currency loans climbed by 3% annually, to RON124.5 billion, with household loans amounting to RON18 billion, down by 17.9% from October 2023.
Foreign currency loans contracted by companies total RON106.4 billion, up 7.6%.
Government credit in October rose by 2.5% from September 2024, to RON228 billion.
Against October 2023, it went up by 23.8% (18.2% in real terms).
(English version by Catalina Apostoiu)