Non-government credit sees surprising slowdown - Azi

All news

Private lending saw a surprising slowdown in July, the first decline since January 2007, amid a significant slowdown in foreign-currency lending.

Sums saved by the population and by companies in banks also saw a decline last month. The slowdown in foreign-currency credit is partially caused by a statistical distortion, with the volume expressed in RON by the NBR (National Bank of Romania) being also influenced by the significant appreciation of the RON during the course of July. Expressed in...

Read the whole story in: Ziarul Financiar