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

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335