Banca Naţională a României

At end-June 2009, broad money (M3) equalled RON 180,353.6 million, up 1.7 percent (1.5 percent in real terms) month on month. In year-on-year comparison, broad money rose 11.7 percent in nominal terms and 5.5 percent in real terms.

*provisional data
**current accounts, sight deposits

* provisional data 
** after deducting foreign liabilities from foreign assets.
Foreign assets include: loans granted to non-residents; marketable securities held (issued by non-residents), shares and other equity with non-residents; monetary gold. Foreign liabilities include liabilities incurred by non-residents: deposits, marketable securities issued on external markets.
*** after deducting domestic liabilities (except M3 components) from domestic assets.
Domestic assets include: loans granted to residents; marketable securities held (issued by residents), shares and other equity with residents. Domestic liabilities (except M3 components) include liabilities incurred by residents: deposits with an agreed maturity of over two years (including deposits redeemable at a period of notice of over three months); marketable securities with a maturity of over two years issued on domestic market; capital and reserves.

At end-June 2009, non-government loans granted by credit institutions dropped 0.5 percent (0.7 percent in real terms) from May 2009 to RON 198,056.3 million. RON-denominated loans decreased 1.2 percent (1.4 percent in real terms), whereas foreign currency-denominated loans declined by 0.7 percent when expressed in EUR. At end-June 2009, non-government loans climbed year on year by 11.2 percent (5.0 percent in real terms), on the back of the 1.1 percent increase in RON-denominated loans (down 4.5 percent in real terms) and the 19.4 percent advance in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans expanded by 3.5 percent).

*provisional data

Government credit¹ stood 10.7 percent higher in June at RON 36,740.2 million. At end-June 2009, government credit increased 232.0 percent (213.6 percent in real terms) from the same year-ago period.

Deposits of non-government resident customers picked up month on month by 1.7 percent, reaching RON 158,039.1 million.

*provisional data
**includes current accounts, sight deposits and all term deposits, irrespective of maturity

RON-denominated household deposits added 2.0 percent to RON 60,044.1 million. At end-June 2009, household deposits in domestic currency jumped 20.9 percent (14.2 percent in real terms), against the same year-ago period.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) increased by 3.5 percent to RON 41,715.0 million. At end-June 2009, RON-denominated corporate deposits decreased year on year by 3.3 percent (8.7 percent in real terms).

Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) advanced 0.1 percent to RON 56,280.0 million when expressed in domestic currency (when expressed in EUR, forex deposits declined by 0.5 percent to EUR 13,378.7 million). In year-on-year comparison, residents' forex deposits expressed in RON advanced 17.3 percent (when expressed in EUR, residents' forex deposits augmented by 1.7 percent); household deposits in foreign exchange surged 17.1 percent when expressed in domestic currency (when expressed in EUR, household forex deposits increased by 1.5 percent) and corporate deposits in foreign exchange (non-financial corporations and non-monetary financial institutions) were up 17.5 percent when expressed in RON (when expressed in EUR, forex deposits of corporate residents grew 1.9 percent).

¹includes credit to general government (central government, local government and social security funds) in the amount of RON 5,276.6 million (outstanding as at end-June 2009) and marketable securities issued by these institutional sectors, standing at RON 31,463.6 million (outstanding as at end-June 2009).