Romanian lending slows in July
The value of foreign currency denominated loans contracted was 1.5% lower than in June, although foreign currency loans are still twice as high as lei-denominated loans annually, according to data made available by the National Bank of Romania (BNR).
Similarly, bank deposits registered the highest drop in the past 8 months.
The application of lending restrictions for the population, and increased costs for loans, as well as other obstacles imposed, could lead to a rise in non-governmental loans in 2008 of a mere 40%, below advances registered in past years, say bankers.
However, bankers are expecting a considerable advance in loans this year until such time as the new regulations go into effect.