Romania's annual bank deposit growth speeds up in July - table

Leu deposits increased 10.4% year-on-year to 190.38 billion lei in July, after growing an annual 8.5% in the previous month, BNR said in a monthly monetary statistics report.

The annual growth of foreign currency deposits accelerated from 5.5% in June to 6.3% in July, when they totalled 90.03 billion lei.

Details follow (in billions of lei, nominal change in percent):

Source: BNR

On Tuesday, BNR said in a press release that Romania's banking sector is liquid and has a higher solvency ratio than the European average, following comments by prime minister Mihai Tudose that deposits with some local banks might not safe.

"The banking sector in Romania is solid and liquid. On June 30, the average solvency ratio was 19.8%, compared to the regulated minimum, including on European level, of 8% and compared to the European average of 14%. No bank in Romania has solvency below the minimum regulated threshold. The liquidity indicator (representing the ratio of liquid assets and short-term liabilities) is 250.5%, above the 100% minimum regulated level," BNR said.

On Monday evening, Tudose said in a televised statement that some local banks had not posted a profit in recent years and people's deposits might not be safe, adding that the government will publish a list of loss-making lenders.

The 37 banks that operated in Romania at end-2016 posted a combined net profit of 4.33 billion lei, down from 4.5 billion lei in 2015, BNR data showed.

(1 euro=4.5886 lei)