In real terms, private lending grew by 7.2% on the year in January-August 2021, as local currency lending increased by 11.6% and foreign currency lending by 0.7% when expressed in euros.
At end-August 2021, local currency lending stood at RON220.7 billion, of which household lending represents RON132 billion, 14.6% higher than in the same period in 2020, and corporate lending reached RON88.7 billion, 22.1% higher than in August 2020.
Compared to July 2021, private lending increased by 1% in nominal terms and by 0.8% in real terms in August 2021.
Local currency lending, which accounted for 71.3% of all private lending in Romania, grew 1.3% on the month in August 2021. Foreign currency lending, which accounted for 28.7% of the total nongovernmental lending, increased by 0.3% on the month in August, when expressed in lei, and decreased by 0.03% when expressed in euros.
Deposits of non-government resident customers stood at RON449.9 billion in August 2021, 1.7% higher compared to July 2021, and 15.5% higher in nominal terms (+9.7% in real terms) compared to August 2020, the data showed.
Government credit grew 0.5% in August 2021 compared to July 2021, to RON160.4 billion. Compared to August 2020, government credit grew 18% in nominal terms and 12.1% in real terms.