Romanian banks in January-April issued 32% more loans

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The volume of new loans issued by Romanian banks in January-April increased to 34 billion lei (6.8 billion euros), up 32% compared to the same period in 2020, according to data from the Romanian Association of Banks. Ziarul financiar daily.

Lending was driven mainly by corporate loans taken out by companies, which accounted for 56% of new loans issued by banks during the period.

In the period from January to April 2021, the population received loans for 15 billion lei, and loans to enterprises – almost 19 billion lei. Thus, the volume of new loans issued in four months is more than 11% of the non-government loan portfolio.

The balance of a non-government loan is calculated as the difference between the total amount of loans granted to individuals and companies, and partial and full repayment, as well as the sale of loans.

The credit growth trend continued in May, when the volume of non-state loans increased by 10.1% y / y to 296 billion lei, which was the fastest growth rate in lending since the beginning of the pandemic.

andrei@romania-insider.com

(Photo Source: Shutterstock)

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