Local currency lending grew 2.6% (2.3% in real terms) on the month in March, while foreign currency lending declined 0.5% when expressed in lei and by 0.4% when expressed in euros, the central bank said.

Compared with March 2017, private lending in Romania grew 6.1% (1.1% in real terms), as local currency lending grew 15.9% (10.5% in real terms), and foreign currency lending dropped by 7.7% when expressed in lei and by 9.8% when expressed in euros.

Deposits of non-government resident customers stood at RON303.67 billion in March, 0.7% lower than in February, the data showed.

Government credit grew 0.6% in March compared with February, to RON98.99 billion. Compared with March 2017, government credit increased 2.7% in nominal terms and declined 2.2% in real terms.