The growth rate in May was 16.5%, and 15.8% year-on-year in April.

In real terms, the loan volume rose 2.1% in June 2022 compared with June 2021, driven by a 3.4% rise in the local currency component and by 13.3% of the foreign currency component (when expressed in euros).

Leu-denominated loans stood at RON254.1 billion at the end of June, with household loans amounting to RON145 billion, 13.8% higher than in the year-ago period and leu-denominated corporate loans amounting to RON109.1 billion, an increase of 26.7% on the June 2021 level.

Non-government lending grew  by 2.2% compared with May 2022 and by 1.4% in real terms.

Local currency lending, which accounts for 72% of the total non-government lending, increased by 1.3% and the foreign currency lending expressed in lei, which accounts for 28%, increased by 4.7% (4.6% when expressed in euros).

Government credit went up 0.2% on May 2022 to RON164.2 billion.

Deposits of non-government resident customers edged up 0.01% to RON481.1 billion in June compared with May 2022 and grew by 9.8% (-4.5% in real terms) compared with June 2021.

Deposits of resident customers, which accounted for 62.6% of all deposits of non-government resident customers, inched down 0.1% in June compared with May 2022, to RON300.9 billion. Compared to May 2021, deposits of resident customers advanced by 5.7% (-8.1% in real terms).

(English version by Loredana Fratila-Cristescu)