Romania bank deposits up by 7.2% y/y at end-Jul.

By bne IntelliNews August 25, 2011
Romania bank deposit up by 7.2% y/y at end-Jul. The stock of deposits of households, companies and government at Romanian banks increased by 7.2% y/y (7.4% y/y in euros) to RON 204.57bn (EUR 48.24bn), according to the central bank data. The stock of bank deposits thus increased by EUR 3.33bn over the past 12 months ending in July, compared to only EUR 2.15bn expansion of the stock of bank lending. The households savings advanced robustly by 6.6% y/y (6.8% y/y in euros) and account for slightly more than half of the total bank loans. Governments deposits surged by 19.8% y/y but their contribution to total bank deposits remains at only 13.5% of the total.

Total Bank Deposits [EUR bn]

Date Household Corporations: non-financial Corporations: financial General Government TOTAL
Dec-08 20.80 14.93 2.26 2.97 40.96
Dec-09 23.01 13.73 2.93 5.00 44.67
Dec-10 24.30 14.56 2.55 4.50 45.91
Jul-11 25.47 13.74 2.58 6.45 48.24
% of total 52.5% 28.9% 5.1% 13.5% 100.0%
y/y 6.8% 5.1% -0.7% 19.8% 7.4%
Source: BNR, IntelliNews
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