Banks grant new loans amounting to 84 billion RON in 2020: ARB

The new loans extended by Romanian banks to the population and companies, which amounted to 84 billion RON last year, a year marked by the COVID 19 health crisis, are slightly above the level of new loans accessed in 2019 and holds a share of almost one third in the balance of non-government credit, according to the Romanian Association of Banks (ARB).

The new loans accessed by the non-governmental segment totaled 83.24 billion RON in 2019.

In 2020, the population accessed new loans amounting to 35.45 billion RON, the share in the total new loans being 42.3 percent. The volume of new loans for house purchase was higher compared to 2019. The distribution by currencies shows that the population accessed almost only loans in lei, in proportion of 98.4 percent, leading to the elimination of the foreign currency risk.

Last year, the companies contracted loans worth 48.45 billion RON, the lending activity being supported by the government programs that were carried out. The companies mainly accessed new loans in lei, in proportion of 70 percent of the total loans, the rest being loans contracted in euros and dollars.

Via Agerpres