Local currency lending, which accounted for 69.3% of all private lending in Romania, grew 1.1% on the month in November. Foreign currency lending declined 0.4% on the month in November when expressed in lei and by 0.4% when expressed in euros.
Compared with November 2019, private lending in Romania grew 4.6% in nominal terms and 2.4% in real terms, as local currency lending grew 8.0% nominally and 5.7% in real terms. Foreign currency lending declined 2.3% on the year in November when expressed in lei and by 4.2% when expressed in euros.
Deposits of non-government resident customers stood at RON410.279 billion in November, 1.5% higher compared with October, the data showed. Deposits grew 15.0% in nominal terms and 12.6% in real terms in November 2020 compared with November 2019.
Government credit grew 2.2% in November compared with October, to RON141.924 billion. Compared with November 2019, government credit grew 26.1% in nominal terms and 23.5% in real terms, the same data showed.