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Romania’s annual bank deposit growth speeds up in Oct

Nov 24, 2023, 2:13:12 PMArticle by Razvan Timpescu
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November 24 (SeeNews) - The deposits of the non-governmental sector in Romanian banks grew 11.7% on the year to 548.3 billion lei ($120.4 billion/110.3 billion euro) in October, accelerating from an annual increase of 8.7% in September, the central bank, BNR, said on Friday.

Romania’s annual bank deposit growth speeds up in Oct
Monetary indicators October 2023 Source: BNR

Leu deposits increased 20.6% on the year in October, reaching 376.6 billion lei, compared to a 6.9% annual growth in the previous month, BNR said in a monthly monetary statistics report.

Foreign currency deposits decreased 3.8% on the year to 171.7 billion lei in October, compared to 11.9% growth in September.

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

Oct, bln lei Oct y/y Sept y/y
Total deposits 548.343,5 +11.7 +8.7
Leu deposits 376.589,3 +20.6 +6.9
-individuals 206.390,4 +24.8 +1.7
-companies 170.198,8 +15.9 +13.0
Foreign currency deposits 171.754,3 -3.8 +11.9
-individuals 119.293,5 -4.0 +9.2
-companies 52.460,8 -3.5 +18.6

Source: BNR

(1 euro=4.97 lei)

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