In February, Romania’s broad money supply (M3) reached RON 737,187.2 million (EUR 148.2 billion), according to the National Bank of Romania (NBR). This represents a 0.3% monthly increase (a 0.6% real-term decrease) and a 9.0% year-on-year growth (3.8% in real terms).
Lending to the non-government sector saw a 0.4% monthly rise to RON 420,249.5 million (a 0.5% real-term decrease). RON-denominated loans, which constitute 69.9% of the total, also grew by 0.4%, while foreign currency loans (30.1% of the total) increased by 0.3% when expressed in RON (equivalent in EUR). Year-on-year, non-government sector loans surged by 9.4% (4.2% in real terms), driven by an 11.3% increase in RON loans (6.0% real) and a 5.3% rise in foreign currency loans (5.2% in EUR).
Credit to the general government decreased slightly by 0.2% month-on-month to RON 246,976.7 million, but showed a robust 12.6% year-on-year growth (7.3% real).
Non-government resident deposits increased by 0.3% monthly to RON 626,552.4 million, with an annual growth rate of 7.8% (2.6% real). RON-denominated deposits, comprising 70.0% of the total, rose by 0.4% month-on-month and 7.8% year-on-year (2.6% real). Specifically, household RON deposits increased by 0.5% monthly and 13.2% annually (7.8% real), while those of other sectors (non-financial corporations and non-monetary financial institutions) grew by 0.2% monthly and 1.1% annually (-3.7% real).
Foreign currency-denominated deposits, accounting for 30.0% of total deposits, remained nearly stable with a 0.01% decrease month-on-month to RON 187,959.8 million (equivalent in EUR), but increased by 7.8% year-on-year (7.6% in EUR). Household foreign currency deposits decreased by 0.5% monthly and increased 6.6% annually (6.4% in EUR). Deposits from other sectors increased by 1.0% monthly and 10.4% annually (10.2% in EUR).
