Local currency lending grew 0.3% (declined 0.5% in real terms) on the month in January, while foreign currency lending grew 0.01% when expressed in lei and by EUR7.6 million when expressed in euros, the central bank said.

Compared with January 2017, private lending in Romania grew 6.8% (2.3% in real terms), as local currency lending grew 16.9% (12% in real terms), and foreign currency lending dropped by 6.8% when expressed in lei and by 9.9% when expressed in euros.

Deposits of non-government resident customers stood at RON304 billion in January, 0.4% higher than in December, the data showed.

Government credit declined 3.5% in January compared with December, to RON94.867 billion. Compared with January 2017, government credit increased 0.4%in nominal terms and declined 3.8% in real terms.