Banca Naţională a României

At end-November 2016, broad money (M3) amounted to RON 301,912.5 million, up 1.8 percent (1.7 percent in real terms) month on month. In year-on-year comparison, broad money rose 11.9 percent (12.7 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-November 2016, non-government loans granted by credit institutions went up 0.9 percent (0.8 percent in real terms) from October 2016 to RON 220,624.8 million. RON-denominated loans expanded 1.7 percent (1.6 percent in real terms), whereas foreign currency-denominated loans shrank 0.2 percent when expressed in RON and 0.4 percent when expressed in EUR. At end-November 2016, non-government loans went up 1.0 percent (1.7 percent in real terms) year on year, on the back of the 12.9 percent increase in RON-denominated loans (13.7 percent in real terms) and the 11.4 percent decline in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans dropped 12.8 percent).

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

Government credit¹ stood 1.8 percent higher in November 2016 from a month earlier, at RON 93,584.9 million. At end-November 2016, government credit advanced 8.3 percent (9.0 percent in real terms) from the same year-ago period.

Deposits of non-government resident customers added 1.6 percent month on month to RON 263,149.0 million in November 2016.

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

RON-denominated household deposits increased by 2.5 percent to RON 100,083.0 million. At end-November 2016, household deposits in domestic currency rose by 12.1 percent (12.9 percent in real terms) against end-November 2015.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) inched up 2.6 percent to RON 78,442.4 million. At end-November 2016, RON-denominated corporate deposits climbed by 16.2 percent (17.0 percent in real terms) year on year.

Forex-denominated deposits of resident households and companies (non-financial corporations and non-monetary financial institutions) went down 0.1 percent to RON 84,623.6 million when expressed in domestic currency (when expressed in EUR, forex deposits declined by 0.4 percent to EUR 18,737.8 million). In year-on-year comparison, residents’ forex deposits expressed in RON advanced 5.0 percent (when expressed in EUR, residents’ forex deposits rose by 3.4 percent); household forex deposits climbed by 7.7 percent when expressed in domestic currency (when expressed in EUR, household forex deposits expanded by 6.1 percent) and forex deposits of legal entities (non-financial corporations and non-monetary financial institutions) moved down 0.5 percent when expressed in RON (when expressed in EUR, forex deposits of resident legal entities contracted by 2.1 percent).

Note:

In the monetary balance sheets of monetary financial institutions, the accrued interest receivable/payable related to financial assets and liabilities is recorded under remaining assets/remaining liabilities.

Data for preparing monetary indicators are reported by monetary financial institutions in accordance with NBR Regulation No. 4/2014 on reporting statistical data and information to the National Bank of Romania, as subsequently amended and supplemented, Title I, Chapters I and II.

The statistical data are provisional and may be subject to periodic review. Series of indicators (available from January 2007) can be accessed in various formats (html, xls, xml and csv) in the interactive database. Statistical data series including monetary aggregates and non-government loans expressed as a share of GDP can be accessed here.

The next press release on monetary indicators will be issued on 25 January 2017.

Press release archive.

The European Central Bank has launched “Our statistics” - a website developed in cooperation with the national central banks of the Eurosystem, to make its statistics more accessible. “Our statistics” can be accessed at https://www.euro-area-statistics.org.

¹ includes credit to general government (central government, local government and social security funds) in amount of RON 10,455.0 million and debt securities issued by these institutional sectors running at RON 83,129.9 million (outstanding as at end-November 2016).