The growth rate in July was 16.8% and 17.5% year-on-year in June.
In real terms, the loan volume rose 0.5% year-on-year in August 2022, driven by a 1.3% rise in the local currency component and by 15.6% in the foreign currency component (when expressed in euros).
Leu-denominated loans stood at RON257.8 billion at the end of August, with household loans amounting to RON146.9 billion, 11.3% higher than in the year-ago period and leu-denominated corporate loans amounting to RON110.8 billion, an increase of 25% over August 2021 but 0.2% lower on the July 2022 level.
Non-government lending grew by merely 0.3% in August compared with July 2022 and by 0.3% in real terms.
Local currency lending, which accounts for 71.8% of the total non-government lending, increased by 0.3% and the foreign currency lending expressed in lei, which accounts for 28.2%, increased by 0.2% (1.8% when expressed in euros).
Government credit went down 2.2% in August over July 2022 to RON163.1 billion.
(English version by Loredana Fratila-Cristescu)