Local currency lending declined 0.6% (-0.4% in real terms) on the month in January, while foreign currency lending dropped 1.4% when expressed in lei and by 0.5% when expressed in euros.
Compared with January 2016, private lending in Romania grew 0.9% (0.8% in real terms), as local currency lending grew 13.8% (13.7% in real terms), and foreign currency lending dropped by 12.5% when expressed in lei and by 11.9% when expressed in euros.
Deposits of non-government resident customers stood at RON270.5 billion in January, 1.3% lower than in December, the data showed.
Government credit grew 1.3% in January compared with December, to RON94.48 billion. Compared with January 2016, government credit increased 6.6% in both nominal and real terms.