Foreign currency in favour again

Lending for companies and individuals did not slow down in October, maintaining a 5.7% monthly growth pace. The real growth in the first ten months of the year was 38.3%, to 276,592bn ROL. At the same time, the people’s savings stopped going down, gaining 1.1% from the previous month and reaching 95,855bn ROL. The ROL and foreign currency lending progressed almost shoulder to shoulder by 5.7% and 5.6% respectively in October. If calculated in euros, the foreign currency lending saw solid growth, 3%, given that interests on foreign currency became attractive again compared to those for ROL. Significant increases were also registered for the deposits in foreign currency made by individuals – 4.1% and especially by companies – 5.6%, against a stronger euro. The corporate deposits in ROL went up only 3.1% to 60,299bn ROL. ZF