This is the first month of growth in total bank lending after five successive months of decline: 2.1% in March, 1% in April, 0.7% in May, 0.5% in June and 0.1% in July.

Leu-denominated loans dropped 0.2% while foreign-currency loans rose 0.8% when expressed in local currency (or +0.6% when expressed in euro).

Year-on-year, the non-government loan climbed 8.2% (3.1% in real terms) on the back of the 18.8% increase in foreign currency-denominated loans expressed in lei and 4.5% reduction in leu-denominated loans.

Government credit dropped 0.6% in August down to 44.7bln lei. However, the government credit stands 293.4% above year-ago levels.

Deposits of non-government resident customers picked up month on month by 1.7% to 161.4 bln lei.