At end-July 2021, broad money (M3) amounted to RON 525,187.0 million, up 1.1 percent (0.1 percent in real terms ) month on month and 17.7 percent (12.2 percent in real terms(1) year on year.
(1) According to Press Release No. 204/11 August 2021 issued by the National Institute of Statistics, in July 2021 the consumer price index was 100.97 month on month and 104.95 year on year.
Table 1. Monetary aggregates*
According to Press Release No. 204/11 August 2021 issued by the National Institute of Statistics, in July 2021 the consumer price index was 100.97 month on month and 104.95 year on year.
At end-July 2021, loans to non-government sector granted by credit institutions increased 2.1 percent (1.1 percent in real terms) from June 2021 to RON 306,590.0 million. RON-denominated loans, representing 71.1 percent of total volume of loans to non-government sector, moved up 2.0 percent, whilst foreign currency-denominated loans, representing 28.9 percent of total loans to non-government sector, increased 2.3 percent when expressed in RON (up 2.5 percent when expressed in EUR).
In year-on-year comparison, loans to non-government sector advanced 12.6 percent (7.3 percent in real terms), on the back of the 17.4 percent increase in RON-denominated loans (11.9 percent in real terms) and the 2.5 percent rise in foreign currency-denominated loans expressed in RON (up 0.6 percent when expressed in EUR).
Credit to general government(2) went up 0.1 percent in July 2021 from the previous month to RON 159,658.4 million and 19.6 percent (13.9 percent in real terms) year on year.
(2) It includes credit granted to general government (central government, local government and social security funds) in amount of RON 11,321.1 million and debt securities held, issued by these institutional sectors running at RON 148,337.3 million (outstanding at end-July 2021).
Deposits of non-government resident customers stood 1.0 percent higher month on month at RON 442,334.1 million and the annual growth rate was 15.3 percent (9.9 percent in real terms).
RON-denominated deposits of residents, representing 64.7 percent of deposits of non-government customers, rose 0.5 percent to RON 286,136.8 million month on month and 16.4 percent (10.9 percent in real terms) year on year.
RON-denominated household deposits advanced by 0.6 percent to RON 158,737.5 million month on month and 13.1 percent (7.8 percent in real terms) year on year.
RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) went up 0.3 percent (to RON 127,399.2 million) month on month and 20.8 percent (15.1 percent in real terms) year on year.
Foreign currency-denominated deposits of residents, representing 35.3 percent of total volume of deposits of non-government customers, increased by 1.9 percent against June 2021 to RON 156,197.3 million when expressed in domestic currency (when expressed in EUR, these deposits moved ahead 2.0 percent to EUR 31,748.7 million). In year-on-year comparison, this indicator grew 13.3 percent when expressed in RON and 11.3 percent when expressed in EUR.
Foreign currency-denominated deposits of households went up 1.0 percent from June 2021 to RON 111,815.6 million when expressed in RON (up 1.1 percent when expressed in EUR). On an annual basis, this indicator expanded by 12.2 percent when expressed in domestic currency and by 10.2 percent when expressed in EUR.
Foreign currency-denominated deposits of other sectors advanced 4.4 percent against June 2021 to RON 44,381.7 million when expressed in RON (4.5 percent when expressed in EUR). Compared to July 2020, this indicator moved up 16.3 percent when expressed in RON (14.2 percent when expressed in EUR).
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 http://www.bnr.ro/Interactive-database-1107.aspx. Statistical data series including monetary aggregates and non-government loans expressed as a share of GDP can be accessed here link.
Due to rounding, totals may not add up to the sum of the components or small differences may occur from the percentage changes in the tables.
The next press release on monetary indicators for end-August 2021 will be issued on 23 September 2021.
Press release archive: http://www.bnr.ro/Press-Releases---Monetary-Indicators-4169.aspx
