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Monetary indicators - February 2025

April 29, 2025

At end-February 2025, broad money (M3) amounted to RON 737,187.2 million, up 0.3 percent (-0.6 percent in real terms) month on month. In year-on-year comparison, broad money rose by 9.0 percent (3.8 percent in real terms).   At end-February 2025, loans to non-government sector granted by credit institutions increased 0.4 percent (-0.5 percent in real terms) from January 2025 to RON 420,249.5 million. RON-denominated loans, representing 69.9 percent of total volume of loans to non-government sector, grew by 0.4 percent, whilst foreign currency-denominated loans, holding 30.1 percent of total loans to non-government sector, advanced 0.3 percent when expressed in RON (similar evolution when expressed in EUR).   In year-on-year comparison, loans to non-government sector advanced 9.4 percent (4.2 percent in real terms), on the back of the 11.3 percent increase in RON-denominated loans (6.0 percent in real terms) and the 5.3 percent rise in foreign currency-denominated loans expressed in RON (5.2 percent when expressed in EUR).   At end-February 2025, credit to general government granted by credit institutions decreased 0.2 percent from January 2025, to RON 246,976.7 million. In year-on-year comparison, this indicator grew by 12.6 percent (7.3 percent in real terms). Deposits of non-government resident customers rose by 0.3 percent month on month to RON 626,552.4 million, while the annual growth rate was 7.8 percent (2.6 percent in real terms).   RON-denominated deposits of residents, representing 70.0 percent of deposits of non government customers, picked up by 0.4 percent to RON 438,592.6 million month on month. In year-on-year comparison, they advanced 7.8 percent (2.6 percent in real terms).   RON-denominated household deposits increased 0.5 percent to RON 253,202.1 million month on month and by 13.2 percent (7.8 percent in real terms) year on year. RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced 0.2 percent (to RON 185,390.5 million) month on month and rose by 1.1 percent (-3.7 percent in real terms) year on year.   Foreign currency-denominated deposits of residents, representing 30.0 percent of the total volume of deposits of non-government customers, went down 0.01 percent against January 2025 to RON 187,959.8 million when expressed in domestic currency (similar evolution when expressed in EUR). Compared to February 2024, this indicator grew by 7.8 percent when expressed in RON (7.6 percent when expressed in EUR). Foreign currency-denominated deposits of households declined by 0.5 percent from January 2025 to RON 127,808.4 million when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, the indicator increased 6.6 percent when expressed in domestic currency (6.4 percent when expressed in EUR).   Foreign currency-denominated deposits of other sectors advanced 1.0 percent against January 2025 to RON 60,151.4 million when expressed in RON (similar evolution when expressed in EUR). Compared to February 2024, the indicator rose by 10.4 percent when expressed in RON (10.2 percent when expressed in EUR).

The text of this article has been partially taken from the publication:
http://actmedia.eu/financial-and-banking/monetary-indicators-february-2025/113269
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