Deposits of non-government resident customers rise 1.2 percent in October

Deposits of non-government resident customers rose by 1.2 percent month on month to RON 601,965.5 million, while the annual growth rate was 9.8 percent (4.9 percent in real terms), according to National Bank of Romania (BNR) data released on Tuesday.

RON-denominated deposits of residents, representing 70.7 percent of deposits of non government customers, picked up by 1.1 percent to RON 425,783.6 million month on month. In year-on-year comparison, they advanced 13.1 percent (8.0 percent in real terms).

RON-denominated household deposits increased 1.4 percent to RON 243,193.6 million month on month and by 17.8 percent (12.6 percent in real terms) year on year.

RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) advanced 0.7 percent (to RON 182,590.0 million) month on month and rose by 7.3 percent (2.5 percent in real terms) year on year.

Foreign currency-denominated deposits of residents, representing 29.3 percent of the total volume of deposits of non-government customers, increased 1.3 percent against September 2024 to RON 176,181.9 million when expressed in domestic currency (similar evolution when expressed in EUR). Compared to October 2023, this indicator grew by 2.6 percent when expressed in RON (2.4 percent when expressed in EUR).

Foreign currency-denominated deposits of households advanced 0.5 percent from September 2024 to RON 120,205.6 million when expressed in RON (similar evolution when expressed in EUR). In year-on-year comparison, the indicator increased 0.8 percent when expressed in domestic currency (0.6 percent when expressed in EUR).

Foreign currency-denominated deposits of other sectors picked up by 3.1 percent against September 2024 to RON 55,976.2 million when expressed in RON (similar evolution when expressed in EUR). Compared to October 2023, the indicator rose by 6.7 percent when expressed in RON (6.5 percent when expressed in EUR).