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Romanian National Bank - Monetary Indicators - June 2010.

At end-June 2010, broad money (M3) equalled RON 195,087.5 million, up 1.2 percent (1.0 percent in real terms) month on month. In year-on-year comparison, broad money rose 8.2 percent (3.6 percent in real terms).

Table 1. Monetary aggregates (table)

Table 2. Broad money and its counterpart (table)

At end-June 2010, non-government loans granted by credit institutions went up 3.8 percent (3.6 percent in real terms) from May 2010 to RON 210,808.8 million. RON-denominated loans increased 0.5 percent (0.3 percent in real terms), whereas foreign currency-denominated loans rose by 5.8 percent when expressed in RON and by 1.2 percent when expressed in EUR. At end-June 2010, non-government loans climbed year on year by 6.4 percent (2.0 percent in real terms), on the back of the 13.0 percent increase in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans expanded by 8.8 percent) and the 3.0 percent reduction in RON-denominated loans (down 7.1 percent in real terms).

Table 3. Non-government loans (table)

Government credit1 declined by 1.5 percent in June to RON 52,392.6 million. At end-June 2010, government credit increased 42.6 percent (36.6 percent in real terms) from the same year-ago period.Deposits of non-government resident customers went up 1.0 percent month on month, reaching RON 170,082.1 million.

Table 4. Deposits of non-government resident customers (table)

RON-denominated household deposits declined by 1.1 percent to RON 62,118.3 million. At end-June 2010, household deposits in domestic currency jumped 3.5 percent (down 0.9 percent in real terms) against the same year-ago period.

RON-denominated corporate deposits (non-financial corporations and non-monetary financial institutions) decreased 0.1 percent to RON 43,389.4 million. At end-June 2010, RON-denominated corporate deposits rose year on year by 4.0 percent (down 0.3 percent in real terms).

Forex-denominated deposits of resident households and corporates (non-financial corporations and non-monetary financial institutions) advanced 3.8 percent to RON 64,574.4 million when expressed in domestic currency (when expressed in EUR, forex deposits declined by 0.7 percent to EUR 14,780.8 million). In year-on-year comparison, residents' forex deposits expressed in RON moved up 14.7 percent (when expressed in EUR, residents' forex deposits rose by 10.4 percent); household deposits in foreign exchange added 22.1 percent when expressed in domestic currency (when expressed in EUR, household forex deposits increased by 17.6 percent) and corporate deposits in foreign exchange (non-financial corporations and non-monetary financial institutions) were up 4.1 percent when expressed in RON (when expressed in EUR, forex deposits of corporate residents expanded 0.2 percent).

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Publication:Romanian Central Bank News
Date:Oct 13, 2010
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