Loans granted by Romanian banks dropped 0.6 percent in October |
Autor: Bancherul.ro
2008-11-25 13:19 |
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In October 2008, non-government loans granted by credit institutions dropped 0.6 percent, or 1.6 percent in real terms, from September 2008 to RON 193,063.6 million, said The Natioanal Bank of Romania (see the document attached)
RON-denominated loans went up 0.6 percent (down 0.4 percent in real terms) and foreign currency-denominated loans declined by 1.5 percent when expressed in RON and rose by 0.4 percent when expressed in EUR. At end-October 2008, non-government loans climbed year on year by 44.8 percent, or 34.8 percent in real terms, on the back of the 32.7 percent increase in RON-denominated loans (23.6 percent in real terms) and the 56.2 percent advance in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans expanded by 42.3 percent).
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