Romanias loans up 5.3% y/y on mortgage, corporate lending at end-Sep 2011.

By bne IntelliNews October 26, 2011
The stock of bank loans edged up by 5.3% y/y (3.2% y/y in euros) to RON 229.5bn (EUR 52.7bn) as of the end of September 2011, Romania's central bank reported. The loans to the non-government sector increased even steeper, by 6.5% y/y (4.4% y/y in euros) driven by certain recovery in mortgage and corporate lending. Particularly the strengthening of corporate lending, more visible since the beginning of the year, is encouraging. The stock of mortgage loans marked an impressive 13.8% y/y growth (11.5% y/y in euros, possibly driven by fears that new regulations would be much tighter) and accounts for some 14% of the total banks' portfolios. The most important contribution to the overall rise in loans was however made by the corporate loans, with an 11.2% y/y advance (9% y/y in euros) and a weight of nearly 50% in the banks' portfolio.
Total Bank Loans [EUR bn]
Date 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
Sep-11 23.99 14.60 7.31 26.19 50.87 1.86 52.72
% of total 45.5% 27.7% 13.9% 49.7% 96.5% 3.5% 100.0%
y/y -0.2% -5.0% 11.5% 9.0% 4.4% -21.7% 3.2%
Source: BNR, IntelliNews

Romanias loans up 5.3% y/y on mortgage, corporate lending at end-Sep 2011.

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