Local currency lending, which accounted for 69% of all private lending in Romania, grew 1.2% on the month in October. Foreign currency lending declined 0.8% on the month in October when expressed in lei and by 0.9% when expressed in euros.
Compared with October 2019, private lending in Romania grew 4.1% in nominal terms and 1.8% in real terms, as local currency lending grew 7.4% nominally and 5.1% in real terms. Foreign currency lending declined 2.7% on the year in October when expressed in lei and by 5% when expressed in euros.
Deposits of non-government resident customers stood at RON404.121 billion in October, 1.8% higher compared with September, the data showed.
Deposits grew 14.1% in nominal terms and 11.6% in real terms in October compared with October 2019.
Government credit grew 3.5% in October compared with September, to RON138.924 billion. Compared with October 2019, government credit grew 26.3% in nominal terms and 23.6% in real terms.