Local currency lending grew 0.8% (1.3% in real terms) on the month in July, while foreign currency lending decreased 0.5% when expressed in lei and increased 0.2% when expressed in euros, the central bank said.

Compared with July 2017, private lending in Romania grew 6.6% (1.9% in real terms), as local currency lending grew 14.8% (9.8% in real terms), and foreign currency lending dropped by 6% when expressed in lei and by 7.4% when expressed in euros.

Deposits of non-government resident customers stood at RON310.4 billion in July, 0.8% lower than in June, the data showed.

Deposits grew 10.9% (6.1% in real terms) compared with July 2017.

Government credit increased 0.7% in July compared with June, to RON98.779 billion. Compared with July 2017, government credit grew 3.6% in nominal terms and declined 0.9% in real terms.