Local currency lending, which accounted for 71.1% of all private lending in Romania, grew 2% on the month in July 2021. Foreign currency lending, which accounted for 28.9% of the total nongovernmental lending, increased by 2.3% on the month in July, when expressed in lei, and by 2.5% when expressed in euros.
Compared with July 2020, private lending in Romania grew 12.6% in nominal terms and 7.3% in real terms, as local currency lending grew 17.4% nominally and 11.9% in real terms. Foreign currency lending increased by 2.5% on the year in July 2021 when expressed in lei and by 0.6% when expressed in euros.
Deposits of non-government resident customers stood at RON442.334 billion in July 2021, 1.0% higher compared with June 2021, and 15.3% higher in nominal terms (+9.9% in real terms) compared with July 2020, the data showed.
Government credit grew 0.1% in July 2021 compared with June 2021, to RON159.658 billion. Compared with July 2020, government credit grew 19.6% in nominal terms and 13.9% in real terms.