The overall non-government lending stood at 210.5 billion lei (EUR47.7 billion) at the end of March, down 0.3% in real terms from the previous month.

Private loans in Romanian lei rose 2.2% on the month in March, but foreign currency loans were down 1.8% when expressed in lei, and 1.2% when expressed in euros.

Compared with March 2014, non-government lending was down 4.1% in real terms. Leu lending rose 6.6% on the year in March, on the back of a 16.5% increase in household loans, but forex loans declined 10.8% when expressed in lei and 9.8% when expressed in euros.

Deposits of non-government resident customers were down 0.9% on the month to RON226.7 billion in March.

End-March, government credit reached RON90.3 billion, a 9.4% increase in real terms from the year-earlier period.