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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.

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