Local currency lending increased 1.2% (+1.4% in real terms) on the month in July, while foreign currency lending grew 1.1% when expressed in lei and grew 1.1% when expressed in euros, the central bank said.

Compared with July 2018, private lending in Romania grew 7.9% (+3.7% in real terms), as local currency lending grew 10% (+5.6% in real terms), and foreign currency lending grew by 4.1% when expressed in lei and by 1.7% when expressed in euros.

Deposits of non-government resident customers stood at RON337.84 billion in July, 0.3% higher compared with June, the data showed.

Deposits grew 8.8% (+4.5% in real terms) in July compared with July 2018.

Government credit grew 3% in July compared with June, to RON103.06 billion. Compared with July 2018, government credit grew 4.3% in nominal terms and by 0.2% in real terms.