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Loans to non-government sector, up 1.1% in March 2024: National Bank of Romania


BUCHAREST: In end-March 2024, loans to the non-government sector granted by credit institutions increased 1.1 percent (0.6 percent in real terms) from February 2024 to RON 387,979.8 million, according to a press release of the National Bank of Romania (BNR).

According to AGERPRES, Romania’s national news agency, RON-denominated loans, representing 68.9 percent of the total volume of loans to the non-government sector, grew by 1.3 percent, whilst foreign currency-denominated loans, holding 31.1 percent of total loans to non-government sector, rose by 0.4 percent when expressed in RON (similar evolution when expressed in EUR).

In a year-on-year comparison, the loans to the non-government sector advanced 4.7 percent (-1.8 percent in real terms) on the back of the 6.4 percent increase in RON-denominated loans (-0.2 percent in real terms) and the 1.1 percent rise in foreign currency-denominated loans expressed in RON (0.7 percent when expressed in EUR).

Credit to the general government decreased by 1.4 percent
in March 2024 from the previous month, to RON 215,800.3 million. In year-on-year comparison, this indicator grew by 20.3 percent (12.8 percent in real terms).

At the end of March 2024, broad money (M3) amounted to RON 680,123.4 million, up 0.3 percent (-0.1 percent in real terms) month over month. In year-on-year comparison, broad money rose by 10.8 percent (3.9 percent in real terms).

Source: Emirates News Agency