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Romania's annual bank deposits growth slows, outstanding loans up in March

Banking

Photo by Radu Bercan/Shutterstock.com

The deposits of the non-governmental sector in Romanian banks grew 14.7% on the year to RON 430.9 billion (EUR 87 billion) in March, compared to an annual increase of 16.4% in February, the central bank said on Tuesday.

Meantime, the value of Romanian banks' outstanding loans to the non-government sector grew 6.6% year-on-year to RON 290.6 billion in March, compared to a 5.3% growth in February, BNR said.

Private lending in the local currency, lei, increased by 11.3% yr/yr to RON 203.7 billion in March, after growing by 9.9% in February, it said.

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