Bank deposits in Romania increase for the second successive month

Deposits in lei and foreign currency increased in May by 0.5 percent versus April, to 155.37 billion lei, the positive evolution of leu-denominated deposits offsets the decline of foreign currency deposits, show the data published by the National Bank of Romania, NewsIn informs.

Bank deposits rose in April by 0.3 percent month-on-month, to 154.55 billion lei, after having dropped by 0.2 percent in March. The May standings are 13.1 percent higher than those of May 2008.

Lei deposits increased in the fifth month of the year by 1.3 percent from the end of April, to 99.16 billion lei and by 10.1 percent versus the same month last year.

Leu-denominated deposits hiked by 0.5 percent month-on-month, to 58.86 billion lei and companies' savings moved forward by 2.6 percent, to 40.29 billion lei. The year-on-year rapport shows people's deposits grew by 22.4 percent and corporate deposits reduced by 4 percent in nominal terms.

Foreign currency deposits expressed in lei dropped in May by 0.9 percent versus April, to 56.21 billion lei, but climbed versus May 2008 by 18.9 percent. Expressed in euros, they decreased by 0.8 percent month-on-month and rose by 3.1 percent year-on-year.

People's foreign currency deposits advanced in May by 0.1 percent from April, to 32.65 billion lei and companies' deposits shrank by 2.2 percent, to 23.56 billion lei.

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