Local currency loans posted an 11.1% increase, while foreign currency ones rose by 2.6%.

The evolution points to an upward trend for the past two months, after in August private lending advanced by 7.7% from August 2023 and by 6.8% in July.

In real terms, non-governmental lending went up by 3.6% in September 2024 compared to September 2023. The lei component increased by 6.2% in real terms and the foreign currency one by 2.6% denominated in euros.

In monthly terms, private lending went up by 1.3% against August and by 1% in real terms.

Local currency lending, weighing 69.8% in the total private lending, increased by 1.5%, while foreign currency lending denominated in lei, with a 30.2% contribution to total private lending, rose by 0.9% (1% when expressed in euros).

Local currency loans at end-September reached RON288.3 billion, with RON168 billion representing household loans, up 11.7% year-on-year.

Lei loans contracted by companies increased by 10.4% to RON120.2 billion.

During the same period, foreign currency loans climbed by 2.6% year-on-year, to RON124.9 billion, of which household loans reached RON18.4 billion, down 17.9% from September 2023.

Foreign currency loans contracted by companies totaled RON106.4 billion, up 7.3%.

Government credit advanced by 1% in September against August 2024, to RON222.4 billion.

Against September 2023, government credit was 17.7% higher (12.5% in real terms).

(English version by Catalina Apostoiu)