ADVERTISEMENT

Romania's bank lending growth up, deposits down in April

Banking

Photo by Albert Zoltan / Shutterstock.com

The value of Romanian banks' outstanding loans to the non-government sector grew 8.3% year-on-year to RON 293.6 billion (EUR 59.7 billion) in April, compared to a 6.6% growth in March, the country's central bank said.

Private lending in the local currency, lei, increased by 13.5% on the year to RON 206.4 billion in April, after growing by 11.3% in March, according to the report.

Meanwhile, the deposits of the non-governmental sector in Romanian banks grew 14.5% annually to RON 433.3 billion (EUR 88 billion) in April, compared to an increase of 14.7% in March, the central bank said.

ADVERTISEMENT

Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.