The stock of bank loans in Romania rose by 8.4% y\/y to RON 413 billion (some EUR 82.6 billion) at the end of September, gaining momentum from +7.7% y\/y in August and +6.8% y\/y at the end of July, according to data published by the National Bank of Romania.<\/p>\n
Deposit accumulation is even faster,\u00a0and the stock of bank deposits rose by 8.6% y\/y to RON 595 billion (EUR 120 billion) at the end of September, resulting in a subunitary value of the loan-to-deposit ratio.\u00a0<\/p>\n
Not surprisingly,\u00a0the stock of loans to non-residents surged by 24% y\/y to RON 156 billion (over EUR 31 billion).\u00a0They are mostly loans to parent financial groups but still account for over a quarter of the volume of money held by the Romanian non-government sector (households and firms) in banks.<\/p>\n
Consumer lending (+15.9% y\/y) is visibly more active\u00a0<\/strong>compared to mortgage lending (+2.9% y\/y) when it comes to retail (household) lending.\u00a0<\/p>\n On the corporate lending side,\u00a0short maturities (of up to a year) are preferred, and the volume of loans denominated in local currency with such maturities rose by 43% y\/y. In contrast, the stock of bank loans denominated in local currency with maturities of above five years contracted by 2.8% y\/y.\u00a0<\/p>\n In general, the foreign-denominated loans lost their appeal, and the stock of such loans rose by only 2.6% y\/y while still accounting for nearly a third of the total. The companies have used to contract such loans, and some of them have not entirely abandoned such a financing alternative.<\/p>\n iulian@romania-insider.com<\/em><\/p>\n (Photo source: Inquam Photos\/Octav Ganea)<\/em><\/p>","protected":false},"excerpt":{"rendered":" The stock of bank loans in Romania rose by 8.4% y\/y to RON 413 billion (some EUR 82.6 billion) at the end of September, gaining momentum from +7.7% y\/y in August and +6.8% y\/y at the end of July, according to data published by the National Bank of Romania. Deposit accumulation is even faster,\u00a0and the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2250","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2250"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2250\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}