Romanian bank loans down 1.1% y/y to EUR 50.8bn at end-Nov.

By bne IntelliNews January 3, 2013
The loan portfolio of the Romanian commercial banks* increased slightly by 2.3% y/y to RON 229bn (EUR 50.8bn) at the end of November, the central bank reported. But the nominal growth was equal to only half of the period's 4.6% annual consumer price inflation. Furthermore, the stock of loans in terms of euro actually shrank 1.1% y/y to EUR 50.8bn at end-Nov. The stock of corporate loans has increased slightly in terms of euro since the beginning of 2012, but the growth rate eased significantly as the real sector faces weaker external demand challenges. Regarding the particular market segments, corporate lending performed above the average - but the stock of corporate loans was still flat on the year, reaching EUR 26.7bn at the end of November (50.4% of total loans, loans to government included). Mortgage loans keep rising driven by the government's support scheme Prima Casa (the government plans to continue and broaden the support scheme this year). Mortgage loans were up 9.6% y/y to EUR 8.3bn at end-Nov, compared to EUR 5.2bn at the end of 2008. *to the non-government sector
EUR bn Household Household: consumer Household: mortgage Corporations: non-financial Non-gov. General Gvnmt. TOTAL
Dec-08 24.89 18.49 5.24 23.72 49.70 1.57 51.27
Dec-09 23.70 17.22 5.73 22.75 47.27 2.67 49.95
Dec-10 23.83 14.99 6.76 24.42 48.85 2.62 51.47
Dec-11 24.14 14.35 7.73 26.71 51.63 2.24 53.87
Nov-12 23.51 13.14 8.30 26.71 50.82 2.18 53.00
% of total 44.4% 24.8% 15.7% 50.4% 95.9% 4.1% 100.0%
y/y -2.1% -8.7% 9.6% 0.0% -1.1% 17.1% -0.5%
Source: BNR, IntelliNews

Romanian bank loans down 1.1% y/y to EUR 50.8bn at end-Nov.

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