Retail lending saw a 67% rise in July on the same period a year ago, with the balance standing at 8.78 billion lei (or 24.8 billion euros). Deposits, over the same period, climbed just 41% to 78.1 billion lei (22 billion euros).
At the same time, figures show that the leu borrowing is lower than the euro one, since we are dealing with low-value consumer lending.
Even though the leu deposits outstrip the extended loans on an aggregate level, the situation is uneven by the counties across Romania. Thus, the population in 20 counties contracted leu loans having a higher value than the set deposits.
Other counties that fare well in terms of the balance of leu deposits and leu lending are Cluj, Brasov and Mures (central Romania) and Prahova, in the south. Such counties recorded positive differences worth 100 million euros each.
The less vulnerable counties in terms of the discrepancy between the population’s deposits and loans are Harghita and Covasna (central Romania), Dambovita in the south and Bacau in the east, where the foreign exchange lending is higher by up to 20 million euros than the savings.