Banca Naţională a României

At end-August 2017, broad money (M3) amounted to RON 330,294.1 million, up 1.7 percent (1.9 percent in real terms) month on month. In year-on-year comparison, broad money rose 11.7 percent (10.4 percent in real terms).

* provisional data
** currency outside banks
***current accounts, demand deposits

* provisional data
** after deducting foreign liabilities from foreign assets.
Foreign assets include: loans granted to non-residents; deposits with non-residents; debt securities held (issued by non-residents); shares and other equity with non-residents; monetary gold.
Foreign liabilities include funds raised from non-residents: deposits; negotiable debt securities issued on external markets. Starting December 2014, according to the new international statistical standards (ESA 2010), the IMF’s SDR allocations are included in foreign liabilities.
*** after deducting domestic liabilities (except M3 components) from domestic assets.
Domestic assets include: loans granted to residents; negotiable debt securities held (issued by residents); shares and other equity with residents.
Domestic liabilities (except M3 components) include funds raised from residents: deposits with an original maturity of over two years (including deposits redeemable at notice over three months); negotiable debt securities with an original maturity of over two years issued on the domestic market; capital and reserves.

At end-August 2017, non-government loans granted by credit institutions inched up 0.7 percent (0.9 percent in real terms) from July 2017 to RON 229,468.1 million. RON-denominated loans expanded 1.3 percent (1.5 percent in real terms), whereas foreign currency-denominated loans shrank 0.3 percent when expressed in RON and 1.0 percent when expressed in EUR. At end-August 2017, non-government loans went up 6.5 percent (5.3 percent in real terms) year on year, on the back of the 16.4 percent increase in RON-denominated loans (15.0 percent in real terms) and the 5.9 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 8.7 percent).

* provisional data
** non-performing loans are also included

Government credit¹ added 1.3 percent in August 2017 from a month earlier to RON 96,943.3 million. At end-August 2017, government credit advanced 11.8 percent (10.5 percent in real terms) versus the same year-ago period.

Deposits of non-government resident customers went up 1.6 percent month on month to RON 284,962.4 million in August 2017.

* provisional data
** includes current accounts, demand deposits and all time deposits, irrespective of maturity

RON-denominated household deposits decreased by 0.2 percent to RON 107,535.2 million. At end-August 2017, household deposits in domestic currency rose by 10.9 percent (9.7 percent in real terms) against end-August 2016.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) moved up 4.4 percent to RON 86,272.7 million. At end-August 2017, RON-denominated corporate deposits climbed by 10.9 percent (9.6 percent in real terms) year on year.

Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) added 1.2 percent to RON 91,154.5 million when expressed in domestic currency (when expressed in EUR, forex deposits moved ahead 0.6 percent to EUR 19,856.8 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 8.8 percent (when expressed in EUR, residents’ forex deposits rose by 5.6 percent); household forex deposits climbed by 10.4 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 7.1 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) edged up 5.4 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities stood 2.3 percent higher).