Private lending increased by 0.8% in nominal terms and by 1% in real terms in October 2021 compared to September 2021.
Local currency lending, which accounted for 71.7% of all private lending in Romania, grew 18% year-over-year in October 2021 (+9.4% in real terms). Foreign currency lending, which accounted for 28.3% of the total nongovernmental lending, increased by 3.5% on the year in October, when expressed in lei, and by 1.9% when expressed in euros.
Compared to September 2021, private lending in local currency increased by 0.9% and foreign currency lending by 0.4% when expressed in lei and by 0.3% when expressed in euros.
At end-October 2021, local currency lending stood at RON227.3 billion, of which household lending represents RON134.8 billion, 15.2% higher than in the same period in 2020, and corporate lending reached RON92.5 billion, 22.5% higher than in October 2020. Foreign currency lending stood at EUR89 billion, of which household lending represents EUR28 billion, down 11.8% on the year, and corporate lending grew 12.4% on the year to EUR61 billion.
Government credit fell by 2.8% in October 2021 compared to September 2021, down to RON158 billion. Compared to October 2020, government credit grew by 13.8% in nominal terms and by 5.5% in real terms.
Deposits of non-government resident customers stood at RON458 billion in October 2021, 1.3% higher compared to September 2021, and 13.4% higher in nominal terms (+5.1% in real terms) compared to October 2020, the data showed.