The National Bank of Romania’s monetary indicators report for March showed a 12.2 percent increase in broad money compared to March 2016 and a 0.9 percent increase from February.
Broad money as of the end of March totaled $75.4 billion, while narrow money hit $43.3 billion and intermediate money $75.4 billion. The broad money total breaks down to net foreign assets of $34.8 billion and net domestic assets of $40.6 billion.
Non-government loans by credit institutions rose to $53.4 billion, a 1.5 percent increase from February and 3.1 increase from March 2016. Romanian leu loans accounted for $53.4 billion of the total, with $16.3 billion in household loans and $14.7 billion in corporate loans. Leu denominated loans rose 14.1 percent from March 2016, while foreign currency denominated loans at $22.3 billion, dropped 9.1 percent. Foreign currency denominated loans were nearly evenly split between household loans at $10.9 billion and corporate loans at $11.3 billion.
Non-government resident customer deposits rose by 0.9 percent month on month and 10.6 percent year on year, hitting $65.7 billion. Romanian leu denominated deposits accounted for the majority of that figure at $44.8 billion, while foreign currency-denominated deposits amounted to $6.3 billion.
