Romania's annual bank deposits growth speeds up in Feb

Banking

Photo by Radu Bercan/Shutterstock.com

The deposits of the non-governmental sector in Romanian banks grew 16.4% on the year to RON 427.7 billion (EUR 88 billion) in February, compared to an annual increase of 15.8% in January, the National Bank of Romania said on Tuesday.

The value of Romanian banks' outstanding loans to the non-government sector grew 5.3% year-on-year to RON 285.5 billion (EUR 58 billion) in February, compared to a 5.1% growth in January, the central bank said also. 

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