In real terms, non-governmental lending went up by 0.5% in May 2024 against May 2023. The RON component rose by 2.4% in real terms, while the foreign currency one advanced by 1.4% expressed in euros.
Compared with April 2024, private lending increased by 0.5% (0.6% in real terms). Local currency lending, with a 68.8% weight in the overall volume of non-governmental lending, increased by 0.6%, while foreign currency lending expressed in lei, with a 31.2% weight in total non-governmental lending, inched up by 0.2%).
Local currency loans at the end of May reached RON270.8 billion, of which household loans accounted for RON160 billion, up 8.9% year-on-year. Local currency loans taken out by companies were 5.9% higher, at RON110.8 billion.
During the same period, foreign currency loans climbed to RON122.6 billion, out of which household loans accounted for RON19.5 billion, down 17.2% from May 2023. Foreign currency loans contracted by companies totaled RON103 billion, up 6.1%.
Government credit in May 2024 dropped by 4.9% against April 2024, to RON214.9 billion. Against May 2023, it went up by 16.4% (10.8% in real terms).
At the same time, residents’ bank deposits in May 2024 increased by 0.5% against the previous mnth, to RON529.5 billion, and by 11% (5.6% in real terms) compared to the same period of the previous year.
(English version by Catalina Apostoiu)