Local currency lending, which accounted for 67.3% of all private lending in Romania, declined 0.4% on the month in May and by 0.5% in real terms. Foreign currency lending dropped 1.4% when expressed both in lei and in euros, the central bank said.
Compared with May 2019, private lending in Romania grew 4.5% in nominal terms and 2.2% in real terms, as local currency lending grew 6.2% nominally and 3.8% in real terms. Foreign currency lending grew 2.1% when expressed in lei and declined 0.7% when expressed in euros.
Deposits of non-government resident customers stood at RON383.546 billion in May, 1.4% higher compared with April, the data showed.
Deposits grew 13.9% in nominal terms and 11.4% in real terms in May compared with May 2019.
Government credit grew 4.7% in May compared with April, to RON136.197 billion. Compared with May 2019, government credit grew 29.9% in nominal terms and 27% in real terms.