Local currency lending, which accounted for 67.6% of all private lending in Romania, increased 0.3% on the month in December but declined by 0.1% in real terms. Foreign currency lending declined 1.9% when expressed in lei and 1.9% when expressed in euros, the central bank said.
Compared with December 2018, private lending in Romania grew 6.6% in nominal terms and 2.4% in real terms, as local currency lending grew 9.3% nominally and 5% in real terms. Foreign currency lending grew by 1.3% when expressed in lei and declined 1.1% when expressed in euros.
Deposits of non-government resident customers stood at RON367.686 billion in December, 3.1% higher compared with November, the data showed.
Deposits grew 11.5% in nominal terms and 7.2% in real terms in December compared with December 2018.
Government credit grew 3.3% in December compared with November, to RON116.212 billion. Compared with December 2018, government credit grew 10.1% in nominal terms and 5.9% in real terms.