Monthly Bulletin: April 2023

Monthly Bulletin
April 2023
Year XXXI, No. 354
MONTHLY BULLETIN
April 2023
Year XXXI, No. 354

NOTES
Statistical data used in this publication are those available as of 23 June 2023.
Some of the data are still provisional and will be updated

as appropriate in the subsequent issues.
The source of statistical data used in charts and tables

was mentioned only when they were provided by other institutions.
All rights reserved.

Reproduction for educational and non-commercial purposes
is permitted provided that the source is acknowledged.
National Bank of Romania,

Str. Lipscani nr. 25, cod 030031, Bucureşti
Phone: 40 21 312 43 75; fax: 40 21 314 97 52
www.bnr.ro
ISSN 1584-0859
Contents
Summary of the main economic developments

and monetary policy in April 2023 5
Real economy 5
Monetary policy 10
Legislative index 14
Main rules and regulations adopted in the economic,

financial, and banking areas in April 2023 14
Main regulations issued by the National Bank of Romania
in April 2023 14
Statistical Section 15
Summary of the main economic developments
and monetary policy in April 2023
Real economy
Demand In 2023 Q1, real GDP rose at a slower annual pace

contributions; percentage points real change t/t-4 (%) (2.3 percent), partly due to the larger negative
20 20 contribution of net external demand, whereas final
15 15 consumption and investment gained momentum1.
10 10
5 5
Household consumption expanded by 6.1 percent, given
0 0
that real income dynamics returned slightly to positive
-5 -5
territory and consumer behaviour still showed a strong
-10 -10
preference for private brands (downtrading) and an
-15 -15
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 increased interest in sales promotions and the products
2021 2022 2023 of discount stores. In this context, retail trade (except
final total consumption for motor fuels) stepped up its annual rate of change
gross fixed capital formation
up to 6.5 percent. Automotive sales further reported
net exports
change in inventories particularly brisk dynamics (17.5 percent), reflecting
real GDP (rhs) however the orders placed in the past 6-12 months.
Source: NIS, NBR calculations
Gross fixed capital formation continued on a robust
growth path (13.2 percent in annual terms), amid the
Private consumption
real change t/t-4 (%) real indices, 2021 Q1=100, s.a.
further increase in construction investment and the
15 130 rebound in equipment purchases. Capital investment
will probably remain on an uptrend in the near run, due
10 120 to the favourable conditions created by the substantial
allocations of non-repayable EU funds. Construction
5 110 investment was 16.4 percent higher in annual terms2.
Civil engineering works kept rising at a fast pace
0 100 (25.6 percent), prompted by large (road and air) transport
infrastructure projects and the ongoing large-scale
-5 90
works in heating, water and sewerage networks.
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Apr.
2021 2022 2023 The non-residential buildings segment further witnessed
actual individual consumption of households high demand (especially for modern retail spaces and
net wage earnings (rhs) storage facilities for both traditional retail and online
turnover in trade and market services trade), but the dynamics of works embarked on a
to households (rhs)
downward path after their notable performance in 2022.
As for the residential segment, the step-up in
1
The national accounts series show however that the change in inventories
(a component with limited economic content) is the main item responsible for the
slowdown in economic growth.
2
According to national accounts data on gross fixed capital formation.
NATIONAL BANK OF ROMANIA 5

Monthly Bulletin ▪ April 2023
construction activity seen in 2023 Q1 is little likely to

mark the beginning of a recovery, amid further tight
lending conditions and the 9 percent decrease in the
construction area stipulated in building permits in
Investment
real change t/t-4 (%) real indices, 2021 Q1=100, s.a. the period from May 2022 to April 2023. Equipment
16 160 purchases increased by 6.6 percent in annual terms,
significant projects currently undergoing in base metal
8 130 industry, air transport and energy.
The sluggish industrial activity in Europe impacted

0 100
exports of goods, their volume dropping by 1.5 percent
as against 2022 Q4 (in annual terms, the contraction was
-8 70
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Apr. larger, i.e. 2.2 percent, given the base effect associated
2021 2022 2023 with an improved functioning of global supply chains
gross fixed capital formation in the first months of 2022). Negative quarterly changes
equipment* (rhs)
in turnover on the external market were reported by
construction of buildings (rhs)
civil engineering (rhs) most local industries (except for the light industry,
*) including the transport equipment bought by companies and crude oil processing, pharmaceuticals, electronics
institutions
and other transport equipment). Moreover, the poor
Source: NIS, Eurostat, NBR calculations
harvests in 2022 weighed on the exports of agricultural
products in 2023 Q1 as well. Imports of goods also
headed downwards, but their volume declined by
only 0.2 percent in annual terms, given the significant
contribution of foreign final goods to accommodating
the rise in domestic demand. Imports of agri-food
commodities and crude oil also recorded increases (in
the latter case, on the back of the base effect associated
with the temporary halt in operations for maintenance
works at the most important refinery). Conversely,
Industrial output the output contraction reported by energy-intensive
volume indices, Jan. 2021=100, s.a. points, s.a.
industries resulted in lower imports of natural gas
110 20 (also amid the rise in domestic production of natural
gas), wood, some chemical products used as input
105 10 in the chemical industry, iron ores and primary metals.
In April 2023, industrial activity was further hindered

100 0
by difficulties, the annual contraction deepening to
7.1 percent (down 5.2 percentage points from the
95 -10 month before). This was ascribed to developments
in manufacturing (-7.9 percent), which was strongly
90 -20 hit by the weakening demand, due inter alia to the
2021 2022 2023
downturn affecting the European industry. Specifically,
industry manufacturing witnessed relatively broad-based
confidence indicator (rhs) decreases in monthly terms, a significant drop being
Source: NIS, EC-DG ECFIN reported by machinery and equipment3, after three
3
Also including a part of the defence equipment.
6 NATIONAL BANK OF ROMANIA

Real economy
Labour force months of robust growth. Crude oil processing recorded

percent annual percentage change
a similar evolution, given the overhauls carried out
7 4 by some refineries. In the automotive industry, the
6 3 month-on-month output contraction was linked
to lower exports, after a period marked by notable
5 2
developments. Production decreases were also seen in
4 1 other sub-sectors, such as chemicals (where the recovery
is still clouded with uncertainty, despite the weakening
3 0
of commodity cost pressures), building materials and
2 -1 the food industry, amid the slower traction from
domestic demand. The pharmaceuticals output
1 -2
2021 2022 2023 also underwent a significant adjustment, after two
months of substantial growth. Base metals and the
ILO unemployment rate*
number of employees in the economy (rhs) manufacture of IT equipment and electronic products,
*) seasonally adjusted data series
with the latter benefiting from the rise in external
Source: NIS, NBR calculations orders in the recent period, were the only sub-sectors
posting positive developments, but recent signals do
not show this trend will continue. The manufacturing
outlook for 2023 Q2 worsened slightly, the DG ECFIN
confidence indicator dropping to -2.6 points in May.
Net wage earnings economy-wide The number of employees in the economy continued
annual percentage change
to rise in April 2023, at an annual pace similar to that
20 posted in March and Q1 (1.4 percent), but the provisional
15 data on the ILO unemployment rate indicated a mild
growth as against March (up 0.1 percentage points to
10
5.6 percent). In the short run, new hirings are envisaged,
5 the latest DG ECFIN survey showing that companies’
prospects have remained optimistic – the employment
0
expectations indicator stood at 107.3 points in May
-5 (versus 108.1 points in April). Similarly to the results
of the previous surveys, the most robust employment
-10
2021 2022 2023 intentions are recorded in retail trade, but improved
net wage earnings economy-wide plans were recently seen in other sub-sectors as well
private sector (manufacturing, construction, services). The annual
public sector growth rate of the average net wage economy-wide
Source: NIS, NBR calculations slowed down to 15 percent in April (-0.7 percentage
points as against March), the path being ascribable
to the private sector, where the annual dynamics
decelerated to 17.3 percent (-0.8 percentage points).
In the budgetary sector, the growth rate was seen
stagnating at approximately 7 percent.
In April 2023, the annual dynamics of trade decelerated

significantly as compared with the previous month, to
1.4 percent, in a context marked by high inflation and
the temporary easing of the income growth that was

Domestic trade and services driven by the rises recorded in early 2023. Behind this
volume indices, Jan. 2021=100, s.a.
development stood mainly the visibly slower pace of
200
increase of trade in non-durables (particularly food items,
180 wearing apparel and footwear) and the fall in sales of
do-it-yourself products and furnishings, the latter being
160
linked to the contraction in real estate activity. Market
140 services to households also posted slacker dynamics
(to 9 percent, annual change).
120
100 In the reviewed period, the annual growth rate of exports

of goods slowed down further (by 1.5 percentage
80
2021 2022 2023 points, to 4.9 percent), on the back of the continued
deceleration in price dynamics concurrently with
retail trade (excluding motor vehicles)
automotive trade the drop in exported quantities, amid weak external
market services to households demand. Hence, the turnover volume on the external
Source: NIS market shrank by 6.5 percent, most sub-sectors
recording negative developments or more sluggish
increases. Important contributions to this decline
International trade in goods
indices, Jan. 2021=100, s.a. EUR bn. came from exports of motor vehicles, electrical
200 4 equipment, rubber and plastic products, light industry
175
goods, as well as from those of energy-intensive
3
sub-sectors, whose production capacity has not yet
150 2
been restored to the levels seen before the energy
125 1
shock, despite the lower cost pressures (however,
100 0 metallurgy recorded an improvement, as suggested
75 -1 by the positive monthly rates of change of output
50 -2 and exports in March-April 2023). Crude oil processing,
25 -3 the beverages industry and the manufacture of
0 -4 computer, electronic and optical products reported
2021 2022 2023
higher exports (in the first case on account of a base
exports effect). In April, the annual dynamics of imports of
imports
goods entered negative territory (-4.5 percent, nominal
fob-fob trade balance, BPM6 (rhs)
change). Therefore, the trade balance contracted by
22 percent versus April 2022, to EUR 2,018 million.
The annual dynamics of industrial producer prices on

the domestic market continued to decline in April 2023,
reaching 15.1 percent (-2.3 percentage points from
March). The evolution reflected the downtrend in
international commodity prices, interrupted only
for a short time in April in the case of crude oil and
some food items. Most groups of goods witnessed
slower dynamics, with intermediate goods posting a
more visible downward path (-4.5 percentage points).
The annual price growth of energy goods decelerated
less sharply (-1 percentage point) due to that in the
electricity, gas, steam and air conditioning supply, which

Real economy
Industrial producer prices on the domestic market stepped up (+5.1 percentage points, to 43.5 percent),
annual percentage change
on the back of a statistical effect; in month-on-month
180
160
comparison, prices continued to decrease, despite the
140 opposite influence from the hikes in distribution tariffs
120 for electricity and natural gas, as well as in transportation
100 prices for electricity, as of 1 April 2023. The annual
80
dynamics of capital goods prices remained unchanged
60
40 from the previous period (5.5 percent). The annual rate
20 of increase of producer prices for consumer goods
0 went down to 15.2 percent, with a decisive contribution
-20
from developments in the food segment (13.8 percent),
2021 2022 2023
total
as the related production costs were positively influenced
intermediate goods by the easing of energy and agri-food commodity
capital goods
consumer goods
markets.
energy
Source: NIS, Eurostat In April 2023, the annual CPI inflation rate witnessed
a steeper downtrend, dropping to 11.23 percent,
Annual inflation rate i.e. 3.30 percentage points less than in March 2023, thus
contributions; percentage points percent
marking a 13-month low. Energy prices stood behind
18 18
two thirds of the downward adjustment, primarily
14 14 amid a strong statistical effect associated with the shift
10 10 to a more restrictive electricity and natural gas bills
6 6 support scheme in April 2022. To this added the annual
adjusted CORE2 inflation, which fell to 14.0 percent
2 2
(-0.7 percentage points versus March 2023) on the back
-2 -2
2021 2022 2023 of processed food items, following the broadly benign
tobacco and alcoholic beverages developments on the energy and agri-food commodity
volatile prices markets. By contrast, the annual dynamics of the other
electricity and natural gas
administered prices* two sub-groups of core inflation (non-food items and
adjusted CORE2 market services) continued to rise, the lower pressure
total (rhs)
from costs of materials passing through more slowly
*) the effect of electricity and natural gas market
liberalisation was taken into account for 2021– 2022 into final prices, whereas wage costs have become an
Source: NIS, NBR calculations increasingly prominent factor.

Monetary policy
In its meeting of 4 April 2023, the NBR Board decided

to keep the monetary policy rate at 7.00 percent.
Furthermore, it decided to leave unchanged the
Policy rates
percent per annum lending facility rate at 8.00 percent and the deposit
facility rate at 6.00 percent. In addition, the minimum
8
reserve requirement ratios on both leu- and foreign
7 lending facility rate
policy rate currency-denominated liabilities of credit institutions
6 deposit facility rate were kept at 8 percent and 5 percent respectively.
5
4 Behind the decisions stood the significant drop in the
3 annual inflation rate January through February 2023,
2
as well as the prospects for its steeper fall over the
near-term horizon, in line with the coordinates of the
1
latest medium-term forecast.
0
7 Jul.
6 Oct.
6 Oct.
6 Apr.
8 Aug.
9 Nov.
18 Jan.
11 Jan.
11 Jan.
10 Feb.
10 Nov.
11 May
Specifically, the annual inflation rate went down

2021 2022 2023 to 15.52 percent in February4, relatively in line with
forecasts5, while the annual adjusted CORE2 inflation
rate slowed its rise in the first two months of the year
somewhat more visibly than anticipated6. Economic
growth exceeded expectations yet again in 2022 Q4,
slowing down only mildly in quarterly terms7, which
made it likely for excess aggregate demand to pick up
further over this period, contrary to expectations.
Moreover, in annual terms, economic growth stepped

up to 4.6 percent in 2022 Q4 from 3.8 percent in the
prior quarter, with the main contribution from gross
fixed capital formation, closely followed by that
from household consumption. At the same time,
the contractionary impact of net exports decreased
significantly, as the particularly large deceleration in
the annual dynamics of the import volume exceeded
that in the annual dynamics of the export volume
4
From 16.37 percent in December 2022.
5
The decrease was driven by the exogenous CPI components, whose disinflationary
impact stepped up during this period, as a result of the sizeable drop in the
dynamics of fuel and electricity prices, under the impact of significant base effects
and the change made to the energy price capping and compensation scheme
starting 1 January 2023.
6
To reach 15.0 percent in February 2023 from 14.6 percent in December 2022, amid
disinflationary base effects and falling prices of some commodities, especially
agri-food items, as well as given the downward adjustment of short-term inflation
expectations. Significant opposite influences continued to come from the gradual
pass-through of increased costs of materials and wages into consumer prices,
as well as from the pick-up in profit margins, in the context of the resilience of
consumer demand, but also from the rise in the prices of some imported consumer
goods.
7
To 1.0 percent from 1.2 percent in 2022 Q3.

Monetary policy
of goods and services. Hence, the annual increase in

the trade deficit slowed down markedly, while that in
the current account deficit decelerated by two thirds,
inter alia following the improvement in the evolution
of the secondary income balance, on account of inflows
of EU funds to the current account.
At the same time, the new assessments showed that

the annual inflation rate would fall at a faster pace
over the following months, in line with the latest
medium-term forecast, driven by disinflationary base
effects and downward corrections of some commodity
prices, as well as by the changes to energy price capping
and compensation schemes as of 1 January 2023.
Uncertainties were, nevertheless, associated with the

presumed impact of the new setup of energy price
capping and compensation schemes, while the upside
supply-side risks to the inflation outlook had become
prevalent in the analysed context, given inter alia the
crude oil output cuts announced by OPEC countries and
the vegetable shortage in Europe.
At the same time, the cyclical position of the economy

was envisaged to exert stronger inflationary pressures
over the near-term horizon and more gradually abating
than in the prior forecast, as the new assessments
indicated a much more subdued slowdown in quarterly
economic growth in 2023 H1 than previously expected.
The developments rendered it likely for excess aggregate
demand to see a more moderate contraction in the
first part of 2023 than anticipated earlier and stay on a
higher path.
However, the war in Ukraine and the related sanctions

continued to generate significant uncertainties and
risks to the outlook for economic activity, hence to
medium-term inflation developments, to which added
those stemming from the turmoil in the banking
systems in the US and Switzerland. This could have
adverse effects by affecting the economies of developed
countries and the risk perception towards the region,
with an impact on financing costs. A significant source
of uncertainties and risks also remained the absorption
of EU funds, especially those under the Next Generation
EU programme, amid the attached conditionality.

Major uncertainties and risks were, nevertheless, further

associated with the fiscal policy stance as well, given,
on one hand, the public deficit target set for 2023
to continue budget consolidation amid the excessive
deficit procedure and the significant increase in financing
Interbank money market rates
percent per annum costs, and, on the other hand, the characteristics of
the budget execution in the first months of the year and
9
8 the packages of support measures to be implemented or
7 extended during 2023, in a challenging economic
6 and social environment domestically and globally,
5 with potential adverse implications for budget
4
parameters.
3
2
1 On the interbank money market, ON rates stayed near
0 the lower bound of the interest rate corridor8, amid
2021 2022 2023 the larger excess liquidity, which the central bank
3M ROBOR (average) mopped up via the deposit facility9. The 3M ROBOR
12M ROBOR (average)
policy rate (end of period)
rate stuck to a downward path, which slowed further.
interest rate on interbank transactions Longer-term (6M and 12M) rates witnessed more sizeable
(period average)
declines, thus reaching levels slightly below/very close
to the monetary policy rate in the second part of the
month10.
Exchange rate calculated and published by the NBR

April 2023 The EUR/RON exchange rate partially corrected at the
4.40
onset of April the relatively steep increase seen towards
the end of the previous quarter, before fluctuating
4.50 slightly11. This occurred in the context of swings in
global risk appetite driven by the repeated revisions
4.60 of expectations on the magnitude/horizon of the key
rate hike by the Fed, but also amid the persistence
4.70
of the favourable risk perception on financial markets
4.80 in the region, alongside the more favourable trade
balance, given inter alia the improvement in the terms
4.90 of trade.
5.00 Credit institutions’ interest rates applicable to non-bank

3
4
5
6
7
10
11
12
13
18
19
20
21
24
25
26
27
28
clients witnessed primarily downward adjustments

USD/RON EUR/RON
in April as well. Specifically, the average lending rate
8
The average (weighted by the volume of transactions) interest rate on interbank
deposits edged down in April 0.08 percentage points versus the prior month, to
5.91 percent.
9
The average daily stock of these deposits rose to lei 30.7 billion in April from
lei 26.0 billion in the previous month.
10
Monthly ROBOR averages shed 0.10 percentage points for the 3M maturity, to
6.79 percent, and up to 0.22 percentage points for 6M and 12M maturities, to
7.03 percent and 7.37 percent respectively.
11
In April overall, the leu depreciated 0.2 percent versus the euro. At the same
time, the forint, the zloty and the Czech koruna strengthened against the single
currency by 2.6 percent, 1.2 percent and 1.0 percent respectively.

Monetary policy
Credit institutions’ interest rates on new business to non-financial corporations went

on loans and deposits down 0.20 percentage points versus the previous
percent per annum
month (to 9.14 percent), while that on new business
12
to households shed 0.41 percentage points,
10 to 10.17 percent, reflecting exclusively the drop in the
8 average interest rate on new consumer credit. At the
same time, the average interest rate on new housing
6
loans stuck to the steady upward path seen in the
4 past 16 months. In turn, the average remuneration
2 of new time deposits slowed its decline in the case
of non-financial corporations (-0.16 percentage
0
points, to 5.79 percent) and continued to decrease
2021 2022 2023
marginally for households (-0.04 percentage points,
new leu-denominated time deposits – households
new leu-denominated time deposits – companies to 6.72 percent).
new leu-denominated loans – households
new leu-denominated loans – companies

Legislative Index
Main rules and regulations adopted in the economic,

financial, and banking areas in April 2023
Law No. 88 of 11 April 2023 amending and supplementing Law No. 227/2015 on the Tax Code
(Monitorul Oficial al României No. 310/12 April 2023).
Order No. 1440 of 28 April 2023 issued by the Minister of Finance on issue prospectuses for the discount
Treasury certificates and benchmark government bonds for May 2023 (Monitorul Oficial al României
No. 373/2 May 2023).
Main regulations issued by the National Bank of Romania

in April 2023
Circular No. 16 of 5 April 2023 on the interest rate on leu-denominated required reserves starting with the
24 March – 23 April 2023 maintenance period (Monitorul Oficial al României No. 316/13 April 2023).
Circular No. 17 of 5 April 2023 on the interest rate on USD-denominated required reserves starting with
the 24 March – 23 April 2023 maintenance period (Monitorul Oficial al României No. 316/13 April 2023).
Circular No. 18 of 5 April 2023 on the interest rate on EUR-denominated required reserves starting with the
24 March – 23 April 2023 maintenance period (Monitorul Oficial al României No. 316/13 April 2023).
Circular No. 19 of 12 April 2023 on putting into circulation, for numismatic purposes, a silver coin dedicated
to 90 years since the birth of Nichita Stănescu (Monitorul Oficial al României No. 335/21 April 2023).
Order No. 3 of 12 April 2023 on reporting the classification of credit exposures and the specific credit risk
provisioning requirements on such exposures, applicable to payment institutions and electronic money
institutions, other than non-bank financial institutions (Monitorul Oficial al României No. 352/26 April 2023).
Order No. 4 of 20 April 2023 on the reporting exercises by credit institutions on remuneration of staff
members and the gender pay gap (Monitorul Oficial al României No. 387/5 May 2023).
Order No. 5 of 20 April 2023 on the reporting exercise regarding high earners in credit institutions
(Monitorul Oficial al României No. 391/8 May 2023).
Order No. 6 of 20 April 2023 amending and supplementing some legal acts issued by the National Bank
of Romania (Monitorul Oficial al României No. 396/9 May 2023).
Circular No. 20 of 28 April 2023 on putting into circulation, for numismatic purposes, a silver coin
dedicated to Jacques M. Elias the initiator of the “Menachem H. Elias Family Foundation” (Monitorul Oficial
al României No. 390/8 May 2023).

Statistical Section
Contents
1. MAIN MACROECONOMIC INDICATORS 20
2. CONSUMER PRICES BY MAIN GOODS AND SERVICES 22
3. MONETARY POLICY INDICATORS 23
3.1. Open-market operations performed by the National Bank of Romania 23

3.2. Standing facilities granted by the National Bank of Romania to eligible counterparts 23
3.3. Minimum reserve requirements 23
3.4. Leu-denominated government securities purchased by the NBR
on the secondary market 23
4. RESERVE MONEY 23
5. MONETARY BALANCE SHEETS OF MONETARY FINANCIAL INSTITUTIONS 24
5.1. Monetary balance sheet of the National Bank of Romania 24

5.2. Aggregate monetary balance sheet of other monetary financial institutions 26
5.3. Net consolidated balance sheet of monetary financial institutions
(NBR and other monetary financial institutions) 28
6. BROAD MONEY M3 AND ITS COUNTERPARTS 30
7. BREAKDOWN OF MONETARY FINANCIAL INSTITUTIONS’ DEPOSITS AND LOANS

BY INSTITUTIONAL SECTOR 32
7.1. Deposits of non-government resident clients 32

7.2. Household deposits 33
7.3. Deposits from non-financial corporations, financial corporations other than MFIs,
general government and non-residents 34
7.4. Domestic credit 36
7.5. Loans to households 38
7.6. Loans to non-financial corporations, financial corporations other than MFIs,
general government and non-residents 39

Statistical Section
8. ASSETS AND LIABILITIES OF NON-MMF INVESTMENT FUNDS 40
8.1. Balance sheet 40

8.2. Securities other than shares 41
8.3. Shares and other equity 42
8.4. Money market fund shares/units 43
9. ASSETS AND LIABILITIES OF NON-BANK FINANCIAL INSTITUTIONS

IN THE GENERAL REGISTER 44
9.1. Balance sheet structure dynamics 44

9.2. Balance sheet structure as at 31 December 2022
by type of non-bank financial institutions in the General Register 44
9.3. Loans to households 45
9.4. Loans to non-financial corporations, other institutional sectors and non-residents 47
10. INTEREST RATES APPLIED BY CREDIT INSTITUTIONS 47
10.1. Lei-denominated time deposits 47

10.1.1. Outstanding amounts 47
10.1.2. New business 47
10.2. EUR-denominated time deposits 48

10.3. Breakdown of lei-denominated deposits 49

10.4. Breakdown of EUR-denominated deposits 50

10.5. Lei-denominated loans 51

10.6. EUR-denominated loans 52

10.7. Breakdown of lei-denominated loans 53


10.8. Breakdown of EUR-denominated loans 55

11. CREDIT RISK INDICATORS 57
11.1. Key prudential indicators 57

11.2. Credit risk information 59
11.3. Loans granted and commitments assumed by credit institutions 60
11.4. Loans granted by credit institutions 62
11.5. Debts overdue more than 30 days incurred by individuals 63
11.6. Loans granted and commitments assumed by NBFI + EMI + PI 64
11.7. Loans granted by NBFI + EMI + PI 66
11.8. Rejected debit payment instruments 68
11.9. Account holders that generated payment incidents 68
12. MONEY MARKET INDICATORS 69
12.1. Interbank operations 69

12.2. Government securities (new and roll-over issues) 69
13. FOREIGN EXCHANGE MARKET INDICATORS 70
13.1. Interbank foreign exchange market 70

13.2. Daily exchange rate calculated and published by the NBR, April 2023 70
14. CAPITAL MARKET INDICATORS 71
14.1. Bucharest Stock Exchange – Regulated market 71
15. ROMANIA’S BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION

INDICATORS 72
15.1. Balance of payments 72

15.2. International trade in services 74
15.3. Direct investment – directional principle 74
15.4. Long-term external debt 76
15.5. Gross external debt 78
15.6. International investment position 80
16. GENERAL GOVERNMENT INDICATORS 81
Methodological notes 82

Statistical Section
Symbols used in tables:

... = missing data
– = nil
0 = less than 0.5 but more than nil
x = not applicable
p.a. = per annum
c = confidential (if the indicator is obtained by aggregating data from maximum
of two reporting entities).
Totals may not add up, due to rounding.

1. MAIN MACROECONOMIC INDICATORS

(annual percentage change, unless otherwise indicated)
Period Gross domestic product1,2 Industrial Labour productivity Industrial Industrial Domestic trade2,4, 5 Market services to
nominal real deflator output 2,5 in industry2,5 producer prices3,5 producer prices - retail sales6 motor vehicles households2,4,5
(lei mn.; domestic market5 and motorcycles7
current prices)
2019 1,063,794.6 3.9 6.8 -2.3 -1.3 4.0 5.1 7.2 8.2 13.9
2020 1,066,780.5 -3.7 4.1 -9.2 -4.2 0.0 0.2 2.2 -8.7 -36.2
2021 1,187,402.4 5.8 5.2 7.1 8.2 14.9 17.4 10.1 23.8 45.9
2022 1,409,783.9 4.7 13.4 -1.8 -2.2 44.7 58.1 4.4 6.7 26.3
2022 Apr. x x x -9.0 -9.3 47.3 60.7 3.7 -3.1 52.7
May x x x 6.6 6.4 46.6 59.3 8.1 2.1 36.3
Jun. 331,832.7 5.0 15.2 -1.9 -2.0 48.1 61.2 3.4 0.9 26.8
Jul. x x x -2.9 -3.3 52.3 67.4 2.8 -3.5 18.7
Aug. x x x -0.9 -1.2 53.0 70.8 4.6 8.6 15.2
Sep. 388,259.9 3.7 15.3 1.0 0.4 46.7 62.9 2.5 10.4 7.2
Oct. x x x 0.3 -1.2 41.1 53.8 4.5 11.4 31.5
Nov. x x x -3.5 -4.5 35.2 44.8 4.5 17.4 28.5
Dec. 419,646.0 4.5 11.2 -10.3 -11.0 32.8 41.9 3.6 8.1 16.2
2023 Jan. x x x -5.2 -6.1 23.9 28.9 5.1 20.6 22.9
Feb. x x x -4.5 -5.6 21.6 27.4 3.0 15.5 21.9
Mar. 312,092.3 2.3 13.0 -1,9c -2,6c 13.6 17.4 7.4 16.8 12.6
Apr. x x x -7.1 -7,7c 11.6 15.1 -1.6 16.0 9.0
Period Investment Transactions in goods8,14 Current Direct investment, Employment in Unemployment11 Monthly average wage
(fob, EUR mn.) account8,9,14 net8,9,10,14 economy total registered registered
(EUR mn.) (EUR mn.) (thou. pers.) unemployed unemployment
exports imports balance gross net
(thou. pers.) rate (%)
2019 17.9 63,066 80,918 -17,852 -10,905 -4,849 5,164.5 257.9 2.9 11.4 13.0
2020 0.1 57,560 76,509 -18,949 -10,902 -2,958 5,031.8 296.1 3.4 7.4 7.7
2021 2.1 70,196 93,318 -23,122 -17,473 -8,821 5,094.3 234.8 3.0 6.2 6.2
2022 8.5 85,833 118,177 -32,343 -26,689 -9,627 … 239.1 3.1 … …
2022 Apr. x 6,429 9,017 -2,588 -7,719 -3,317 5,042.9 224.8 2.9 11.0 11.4
May x 7,328 10,001 -2,673 -9,938 -3,764 5,054.4 222.6 2.8 11.6 12.5
Jun. -1.6 7,381 9,856 -2,475 -11,997 -4,409 5,056.1 222.7 2.8 11.0 12.3
Jul. x 7,256 10,617 -3,361 -15,207 -5,866 5,065.1 223.5 2.9 10.8 12.1
Aug. x 7,221 10,307 -3,086 -18,211 -6,281 5,064.2 224.0 2.9 11.6 12.8
Sep. 12.0 8,076 10,847 -2,771 -20,818 -7,482 5,073.2 225.4 2.9 12.6 13.8
Oct. x 7,434 10,715 -3,281 -22,800 -8,028 5,080.8 231.9 3.0 11.9 13.1
Nov. x 7,885 10,311 -2,427 -24,609 -8,758 5,085.7 238.5 3.0 12.4 13.6
Dec. 17.2 6,289 9,254 -2,965 -26,689 -9,627 5,067.3 239.1 3.1 12.3 13.4
2023 Jan. x 6,752 8,896 -2,144 -754 -621 5,086.8 242.1 3.1 13.3 15.0
Feb. x 7,273 9,348 -2,075 -2,251 -1,384 5,093.5 241.2 3.1 13.0 14.8
Mar. 13.6 8,188 10,512 -2,324 -3,969 -2,264 5,109.9 236.7 3.0 13.9 15.7
Apr. x 6,829 8,847 -2,018 -5,465 -2,924 … 229.1 2.9 13.5 15.0
Source: National Institute of Statistics, Ministry of Finance, National Bank of Romania, Eurostat, National Employment Agency.
1) 2019-2020: final data, 2021: semifinal data, 2022-2023: provisional data; 2) unadjusted series; 3) on domestic and external markets; 4) turnover volume, excluding VAT; 5) annual data are calculated
based on fixed-base monthly series (2015=100); 6) except for motor vehicles and motorcycles; 7) wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles;
8) 2019-2020: final data, 2021: semifinal data, 2022-2023: provisional data. Cumulative values are calculated by adding monthly flows expressed in EUR million and rounded to the nearest whole number;
9) cumulative from the beginning of the year;

Statistical Section
Period Consumer prices Exchange rate calculated and Interest rates Domestic credit11
CPI CORE1* CORE2 Adjusted HICP published by the NBR (EUR/RON) of credit institutions (lei mn.)
CORE2 (% p.a.)12,13
total, loans to the
average end of on loans on time of which: private sector
period deposits
2019 3.83 4.12 3.59 3.17 3.9 4.7452 4.7793 7.16 1.79 383,787.2 267,575.0
2020 2.63 2.97 4.04 3.66 2.3 4.8371 4.8694 6.48 1.93 427,961.6 282,370.5
2021 5.05 5.24 3.67 3.38 4.1 4.9204 4.9481 5.60 1.58 496,902.2 324,264.7
2022 13.80 14.09 9.70 10.08 12.0 4.9315 4.9474 7.79 4.32 538,761.6 363,661.9
2022 Apr. 13.76 14.13 8.06 8.34 11.7 4.9437 4.9480 6.90 2.74 505,068.7 339,883.5
May 14.49 14.86 8.85 9.11 12.4 4.9462 4.9430 7.08 3.26 509,232.1 345,273.9
Jun. 15.05 15.41 9.50 9.83 13.0 4.9448 4.9454 7.43 3.80 516,993.7 352,780.0
Jul. 14.96 15.22 10.02 10.42 13.0 4.9398 4.9351 8.15 4.49 524,957.0 358,174.1
Aug. 15.32 15.63 10.64 11.20 13.3 4.8953 4.8605 8.44 5.27 522,179.9 359,076.8
Sep. 15.88 16.21 11.19 11.91 13.4 4.9080 4.9490 8.70 5.64 529,959.3 364,780.8
Oct. 15.32 15.59 12.22 12.89 13.5 4.9266 4.9141 9.32 6.06 530,041.1 363,591.0
Nov. 16.76 17.13 13.25 14.05 14.6 4.9131 4.9184 9.36 6.29 536,466.5 364,425.1
Dec. 16.37 16.74 13.78 14.65 14.1 4.9224 4.9474 9.33 6.43 538,761.6 363,661.9
2023 Jan. 15.07 14.93 14.07 14.90 13.4 4.9227 4.9221 9.60 6.48 540,316.3 364,131.3
Feb. 15.52 15.41 14.24 15.06 13.4 4.9077 4.9200 9.58 6.55 540,419.7 365,839.5
Mar. 14.53 14.63 13.93 14.69 12.2 4.9263 4.9491 9.53 6.55 550,001.0 370,576.1
Apr. 11.23 11.10 13.29 13.97 10.4 4.9364 4.9353 9.38 6.56 554,456.7 369,900.0
May 10.64 10.49* 13.00* 13.57* 9.6 4.9481 4.9696 … … … …
Period Monetary aggregates11 International reserves11 Total gov't claims Gross external LT external ST external LT external General gov't
(lei mn.) (EUR mn.) (EUR mn.) debt11,14 debt11,14 debt11,14 debt service9,14 balance9,15
(EUR mn.) (EUR mn.) (EUR mn.) (EUR mn.) (lei mn.)
M3 M2 M1 total gold forex
2019 422,631.7 422,631.7 276,938.6 37,450.4 4,523.8 32,926.7 4,460.1 109,782.9 74,319.4 35,463.5 17,441.8 -48,554.3
2020 487,349.9 487,349.9 337,563.5 42,517.6 5,138.3 37,379.3 4,270.7 126,749.7 93,484.2 33,265.5 17,291.2 -101,798.7
2021 564,423.0 564,423.0 406,773.3 45,830.7 5,355.4 40,475.3 4,699.1 136,584.8 97,544.1 39,040.7 16,702.0 -79,909.2
2022 603,042.0 603,042.0 398,074.2 52,305.2 5,669.0 46,636.2 5,448.8 144,560.9 97,721.8 46,839.1 19,914.5 -81,005.8
2022 Apr. 569,711.7 569,711.7 408,480.9 46,533.2 6,032.1 40,501.0 5,056.5 134,551.4 94,399.3 40,152.1 6,355.2 -16,333.1
May 569,421.4 569,421.4 404,691.2 46,661.1 5,741.4 40,919.7 4,987.8 137,284.9 96,257.2 41,027.7 6,905.4 -20,901.4
Jun. 569,309.4 569,309.4 406,666.6 47,823.2 5,790.3 42,033.0 5,143.9 136,511.6 93,573.2 42,938.4 10,572.0 -23,507.5
Jul. 575,950.8 575,950.8 410,798.3 48,518.9 5,750.7 42,768.3 5,265.9 140,433.0 96,342.9 44,090.1 9,173.6 -26,693.2
Aug. 576,962.8 576,962.8 403,766.9 48,565.5 5,714.3 42,851.1 5,380.1 141,720.9 96,377.6 45,343.3 12,010.9 -32,979.7
Sep. 581,778.6 581,768.7 404,971.7 49,380.3 5,669.2 43,711.0 5,380.6 138,671.0 94,429.8 44,241.2 15,142.2 -41,696.9
Oct. 580,835.8 580,835.8 398,146.0 51,786.0 5,495.3 46,290.7 5,313.5 139,470.3 95,306.9 44,163.3 15,720.5 -47,119.1
Nov. 584,559.6 584,559.6 389,976.3 51,228.7 5,634.4 45,594.3 5,092.5 143,717.5 97,406.9 46,310.7 17,387.9 -58,701.1
Dec. 603,042.0 603,042.0 398,074.2 52,305.2 5,669.0 46,636.2 5,448.8 144,560.9 97,721.8 46,839.1 19,914.5 -81,005.8
2023 Jan. 603,647.9 603,647.9 390,019.3 56,066.9 5,864.9 50,202.0 5,383.9 152,849.2 105,967.4 46,881.8 1,344.3 -4,015.3
Feb. 612,183.9 612,183.9 389,641.3 57,682.4 5,680.8 52,001.6 5,457.8 154,881.3 107,308.2 47,573.1 2,900.0 -17,042.2
Mar. 613,926.4 613,926.4 382,193.3 59,289.3 6,060.3 53,229.0 5,299.5 152,488.0 107,264.7 45,223.3 5,207.6 -22,750.7
Apr. 618,680.4 618,680.4 381,901.5 59,355.5 6,014.1 53,341.4 5,239.4 153,122.5 107,581.1 45,541.4 6,212.0 -27,354.2
May … … … 59,192.0 6,110.5 53,081.5 … … … … … …
10) net transactions in financial assets and liabilities recognised as direct investment between residents and non-residents are included; the “-“ sign indicates the net incurrence of liabilities recognised as direct
investment; 11) end of period; 12) average values; 13) non-financial corporations and households, lei-denominated outstanding transactions; 14) in compliance with BPM6; 15) deficit (-), surplus (+);
c) calculated based on monthly fixed-base series; *) NBR calculations based on the NIS press release; the effect of electricity and natural gas market liberalisation was taken into account as of January 2021,
while electricity and natural gas prices were reintroduced in the category of administered prices as of January 2023.

2. CONSUMER PRICES BY MAIN GOODS AND SERVICES

(percent)
Period Monthly index Index against the end of previous year Index against the same period of previous year
Total food non-food services Total food non-food services Total food non-food services
items items items items items items
2019 100.33 100.41 100.27 100.34 104.04 105.08 103.31 104.16 103.83 104.69 103.24 103.87
2020 100.17 100.27 100.08 100.22 102.06 103.24 101.01 102.69 102.63 104.80 101.01 103.10
2021 100.66 100.54 100.85 100.37 108.19 106.69 110.73 104.49 105.05 103.24 107.08 103.10
2022 101.27 101.67 101.17 100.78 116.37 122.05 114.95 109.78 113.80 115.69 114.74 107.75
2020 Jan. 100.41 100.99 100.02 100.43 100.41 100.99 100.02 100.43 103.60 104.75 102.68 104.01
Feb. 100.25 100.63 99.94 100.39 100.66 101.63 99.96 100.82 103.05 104.09 102.04 103.84
Mar. 100.50 101.46 99.91 100.35 101.16 103.11 99.87 101.17 103.05 105.11 101.39 103.80
Apr. 100.26 101.27 99.67 100.00 101.42 104.42 99.54 101.17 102.68 105.72 100.53 103.06
May 100.05 100.34 99.82 100.11 101.47 104.78 99.36 101.28 102.26 105.25 100.15 102.60
Jun. 100.08 99.62 100.28 100.34 101.55 104.38 99.64 101.62 102.58 105.35 100.68 102.78
Jul. 100.00 99.55 100.19 100.31 101.55 103.91 99.83 101.94 102.80 105.57 100.88 103.00
Aug. 99.95 99.59 100.08 100.21 101.50 103.48 99.91 102.15 102.68 105.45 100.75 102.97
Sep. 99.86 99.45 99.99 100.20 101.36 102.91 99.90 102.35 102.45 104.96 100.62 102.89
Oct. 100.22 100.11 100.31 100.22 101.58 103.02 100.21 102.58 102.24 104.34 100.60 102.85
Nov. 100.13 99.92 100.29 100.07 101.71 102.94 100.50 102.65 102.14 103.81 100.78 102.77
Dec. 100.34 100.29 100.51 100.04 102.06 103.24 101.01 102.69 102.06 103.24 101.01 102.69
2021 Jan. 101.33 100.63 102.24 100.25 101.33 100.63 102.24 100.25 102.99 102.88 103.25 102.51
Feb. 100.41 100.46 100.47 100.20 101.75 101.09 102.72 100.45 103.16 102.70 103.80 102.32
Mar. 100.38 100.37 100.46 100.24 102.14 101.46 103.19 100.69 103.05 101.59 104.37 102.21
Apr. 100.45 100.45 100.47 100.40 102.60 101.92 103.68 101.09 103.24 100.76 105.21 102.61
May 100.53 101.10 100.28 100.27 103.14 103.04 103.97 101.36 103.75 101.52 105.70 102.78
Jun. 100.27 100.25 100.29 100.23 103.42 103.30 104.27 101.59 103.94 102.17 105.71 102.66
Jul. 100.97 99.71 102.02 100.39 104.42 103.00 106.38 101.99 104.95 102.33 107.64 102.74
Aug. 100.24 99.95 100.34 100.43 104.67 102.95 106.74 102.43 105.25 102.70 107.92 102.97
Sep. 100.84 100.95 100.73 100.96 105.55 103.93 107.52 103.41 106.29 104.26 108.71 103.75
Oct. 101.78 101.06 102.78 100.42 107.43 105.03 110.51 103.84 107.94 105.25 111.39 103.96
Nov. 100.00 100.73 99.47 100.20 107.43 105.80 109.92 104.05 107.80 106.10 110.49 104.09
Dec. 100.71 100.84 100.74 100.42 108.19 106.69 110.73 104.49 108.19 106.69 110.73 104.49
2022 Jan. 101.48 101.15 101.73 101.37 101.48 101.15 101.73 101.37 108.35 107.24 110.18 105.66
Feb. 100.58 101.96 99.70 100.60 102.07 103.13 101.42 101.98 108.53 108.84 109.33 106.08
Mar. 101.88 102.54 101.86 100.67 103.99 105.75 103.31 102.66 110.15 111.20 110.86 106.53
Apr. 103.74 102.56 105.45 100.94 107.88 108.46 108.94 103.63 113.76 113.54 116.35 107.11
May 101.18 101.73 101.00 100.61 109.15 110.34 110.03 104.26 114.49 114.25 117.18 107.47
Jun. 100.76 100.62 100.92 100.54 109.98 111.02 111.04 104.82 115.05 114.67 117.92 107.81
Jul. 100.89 100.92 100.87 100.88 110.96 112.04 112.01 105.74 114.96 116.05 116.59 108.33
Aug. 100.56 101.82 99.81 100.37 111.58 114.08 111.80 106.13 115.32 118.22 115.98 108.26
Sep. 101.33 101.72 101.28 100.72 113.06 116.04 113.23 106.89 115.88 119.12 116.61 108.00
Oct. 101.28 102.29 100.80 100.70 114.51 118.70 114.14 107.64 115.32 120.58 114.37 108.31
Nov. 101.25 101.54 101.03 101.31 115.94 120.53 115.32 109.05 116.76 121.55 116.17 109.51
Dec. 100.37 101.26 99.68 100.67 116.37 122.05 114.95 109.78 116.37 122.05 114.95 109.78
2023 Jan. 100.34 101.50 99.01 101.82 100.34 101.50 99.01 101.82 115.07 122.47 111.88 110.27
Feb. 100.98 101.85 100.45 100.70 101.32 103.38 99.46 102.53 115.52 122.35 112.73 110.38
Mar. 101.01 101.89 100.35 101.08 102.34 105.33 99.81 103.64 114.53 121.56 111.06 110.83
Apr. 100.75 101.10 100.48 100.77 103.11 106.49 100.29 104.44 111.23 119.84 105.83 110.64
May 100.64 100.80 100.36 101.08 103.77 107.34 100.65 105.57 110.64 118.73 105.15 111.16
Source: National Institute of Statistics.

Statistical Section
3. MONETARY POLICY INDICATORS

3.1. Open-market operations performed by the National Bank of Romania
Period Policy Repo Reverse repo Deposits taken
rate1 Flow Stock Flow Stock Flow Stock
(% p.a.)
daily average daily average daily interest rate daily interest rate daily average daily average
average2 interest rate3 average4 interest rate3 average (% p.a.) average (% p.a.) average2 interest rate3 average4 interest rate3
(lei mn.) (% p.a.) (lei mn.) (% p.a.) (lei mn.) (lei mn.) (lei mn.) (% p.a.) (lei mn.) (% p.a.)
2022 May 3.75 750.0 3.66 3,483.7 3.65 – x – x – x – x
Jun. 3.75 500.0 3.75 2,683.3 3.75 – x – x – x – x
Jul. 4.75 – x – x – x – x – x – x
Aug. 5.50 55.5 5.50 275.5 5.50 – x – x – x – x
Sep. 5.50 27.5 5.50 80.2 5.50 – x – x – x – x
Oct. 6.25 309.5 6.25 2,790.2 6.25 – x – x – x – x
Nov. 6.75 – x – x – x – x – x – x
Dec. 6.75 0.0 6.75 0.1 6.75 – x – x – x – x
2023 Jan. 7.00 – x – x – x – x – x – x
Feb. 7.00 0.0 7.00 0.0 7.00 – x – x – x – x
Mar. 7.00 0.0 7.00 0.0 7.00 – x – x – x – x
Apr. 7.00 – x – x – x – x – x – x
May 7.00 0.0 7.00 0.0 7.00 – x – x – x – x
1) end of period; 2) working-day adjusted; 3) volume-weighted average; 4) calendar-day adjusted.
3.2. Standing facilities granted by the National Bank of Romania to eligible counterparts 3.3. Minimum reserve requirements*
Period Credit Deposit Period Interest rate on required Reserve ratio
Flow Stock Flow Stock reserves (% p.a.) (%)
daily average daily average daily average daily average lei USD EUR lei foreign
average1 interest rate2 average3 interest rate2 average1 interest rate2 average3 interest rate2 currency
(lei mn.) (% p.a.) (lei mn.) (% p.a.) (lei mn.) (% p.a.) (lei mn.) (% p.a.)
2022 May 13,162.0 4.33 12,713.1 4.33 347.3 2.59 305.9 2.61 2022 May 0.33 0.02 0.00 8.00 5.00
Jun. 11,621.1 4.75 11,716.4 4.75 1,171.4 2.75 862.1 2.75 Jun. 0.38 0.03 0.00 8.00 5.00
Jul. 10,762.3 5.42 10,635.9 5.40 1,036.6 3.74 1,069.9 3.74 Jul. 0.48 0.03 0.00 8.00 5.00
Aug. 12,293.5 6.22 11,812.2 6.21 198.7 4.35 169.9 4.37 Aug. 0.60 0.05 0.00 8.00 5.00
Sep. 8,193.8 6.50 7,879.8 6.50 658.0 4.50 548.3 4.50 Sep. 0.68 0.05 0.00 8.00 5.00
Oct. 3,885.4 6.95 3,826.4 6.92 1,911.4 5.24 2,321.8 5.23 Oct. 0.62 0.06 0.00 8.00 5.00
Nov. 791.0 7.30 694.1 7.30 6,386.6 5.74 6,157.3 5.74 Nov. 0.69 0.09 0.01 8.00 5.00
Dec. 0.0 7.75 13.3 7.75 11,102.1 5.75 10,911.4 5.75 Dec. 0.70 0.08 0.02 8.00 5.00
2023 Jan. – – – – 21,323.7 5.93 21,274.5 5.93 2023 Jan. 0.71 0.12 0.04 8.00 5.00
Feb. 0.1 8.00 0.0 8.00 20,467.5 6.00 20,939.4 6.00 Feb. 0.69 0.13 0.02 8.00 5.00
Mar. 0.0 8.00 0.0 8.00 26,015.6 6.00 26,030.6 6.00 Mar. 0.70 0.24 0.04 8.00 5.00
Apr. – – – – 30,872.5 6.00 30,686.3 6.00 Apr. 0.71 0.24 0.04 8.00 5.00
May 0.0 8.00 0.0 8.00 27,030.1 6.00 27,302.8 6.00 May 0.74 0.28 0.05 8.00 5.00
1) working-day adjusted; 2) volume-weighted average; 3) calendar-day adjusted. *) Starting with maintenance period: the 24th of
current month - the 23th of the following month.
3.4. Leu-denominated government securities
purchased by the NBR on the secondary market 4. RESERVE MONEY
(lei million, end of period)
(lei million, end of period)
Period Trading value Period Credit institutions vault Currency in circulation Credit institutions Reserve money
cash current account
2022 May 36.6 2022 Apr. 12,959.8 99,331.0 29,526.6 141,817.4
Jun. x May 13,522.4 98,477.9 24,757.1 136,757.4
Jun. 12,547.4 98,209.0 30,109.2 140,865.6
Jul. x
Aug. x Jul. 11,519.0 100,622.8 28,925.5 141,067.4
Sep. x Aug. 13,253.5 100,216.8 29,106.8 142,577.2
Sep. 12,152.2 100,188.0 28,646.0 140,986.3
Oct. x
Nov. x Oct. 12,002.1 100,254.0 30,305.6 142,561.8
Dec. x Nov. 12,071.3 99,647.4 31,417.3 143,136.0
Dec. 13,009.9 101,298.4 45,682.0 159,990.3
2023 Jan. x
2023 Jan. 12,016.4 102,515.5 33,459.8 147,991.7
Feb. x
Feb. 11,205.7 103,052.8 38,949.9 153,208.4
Mar. 1,268.4
Mar. 12,031.9 103,064.6 37,202.6 152,299.1
Apr. x
Apr. 12,380.9 105,699.2 37,892.6 155,972.7
May x

5. MONETARY BALANCE SHEETS OF MONETARY FINANCIAL INSTITUTIONS

5.1. Monetary balance sheet of the National Bank of Romania
(lei million; end of period)
Period TOTAL Foreign assets
ASSETS Total Cash and other Monetary gold SDR holdings Loans* Debt securities Equity
payment means with the IMF
2022 Apr. 265,310.9 245,092.2 0.2 29,820.4 17,224.2 70,101.9 116,387.0 11,558.4
May 269,266.9 247,356.6 0.2 29,820.4 17,038.4 67,606.8 121,333.7 11,557.2
Jun. 277,531.8 253,318.1 0.3 28,609.6 17,256.8 69,276.9 126,615.9 11,558.6
Jul. 286,377.5 258,845.8 0.3 28,354.8 17,510.9 69,034.9 132,384.8 11,560.1
Aug. 272,862.5 252,648.0 0.2 27,749.7 17,353.4 59,799.9 136,186.5 11,558.2
Sep. 277,717.8 261,467.5 0.2 28,032.1 17,723.5 64,025.1 140,125.0 11,561.7
Oct. 279,293.4 268,420.4 0.3 26,980.4 17,390.1 64,411.5 148,079.0 11,559.1
Nov. 272,497.1 265,504.7 0.3 27,688.4 17,046.5 61,586.6 147,626.0 11,556.9
Dec. 282,245.5 273,502.9 0.3 28,025.7 16,940.5 79,561.1 137,675.9 11,299.3
2023 Jan. 299,701.7 291,155.2 0.2 28,845.8 16,781.2 85,645.8 148,584.0 11,298.0
Feb. 308,045.0 299,786.7 0.2 27,928.5 16,877.8 83,114.7 160,567.0 11,298.6
Mar. 318,166.3 308,911.5 0.2 29,970.7 16,752.4 82,626.6 168,263.5 11,298.1
Apr. 314,371.8 305,384.9 0.3 29,659.1 16,566.3 73,270.5 174,765.4 11,123.3
Period Domestic assets

Total Cash and other Loans Debt securities Equity Fixed assets Remaining
payment means assets**
2022 Apr. 20,218.7 7.4 13,451.0 4,543.2 2.2 1,231.0 983.9

May 21,910.3 7.2 15,077.2 4,577.5 2.2 1,232.5 1,013.7
Jun. 24,213.7 8.6 17,296.2 4,576.2 2.2 1,235.1 1,095.5
Jul. 27,531.8 7.7 20,645.9 4,574.8 2.2 1,269.6 1,031.5
Aug. 20,214.5 7.4 13,601.0 4,323.5 2.2 1,269.6 1,010.8
Sep. 16,250.3 8.1 9,613.0 4,322.3 2.2 1,270.7 1,034.0
Oct. 10,873.0 8.8 4,217.0 4,321.1 2.2 1,272.2 1,051.7
Nov. 6,992.4 7.8 411.9 4,319.9 2.2 1,274.0 976.6
Dec. 8,742.6 8.6 – 3,978.7 2.2 1,277.5 3,475.6
2023 Jan. 8,546.5 9.2 – 3,977.4 2.2 1,274.3 3,283.4
Feb. 8,258.3 8.0 – 3,976.3 2.2 1,278.4 2,993.4
Mar. 9,254.8 7.6 – 5,218.0 2.2 1,278.9 2,748.0
Apr. 8,986.9 6.6 – 4,818.9 2.2 1,278.9 2,880.2
*) include the NBR's deposits with foreign banks.
**) the accrued interest receivable related to financial assets is also included.

Statistical Section
Period TOTAL Foreign liabilities Domestic liabilities

LIABILITIES Total, Foreign currency- Lei-denominated Repos Total Currency
of which: denominated deposits issue
deposits
(including
borrowings)
2022 Apr. 265,310.9 28,507.6 11,398.9 – – 236,803.3 112,298.1
May 269,266.8 28,501.7 11,393.0 – – 240,765.1 112,007.4
Jun. 277,531.8 28,501.8 11,393.1 – – 249,030.1 110,765.0
Jul. 286,377.5 28,530.2 11,421.5 – – 257,847.3 112,149.6
Aug. 272,862.5 28,514.6 11,405.9 – – 244,347.9 113,477.7
Sep. 277,717.8 28,509.3 11,400.6 – – 249,208.5 112,348.3
Oct. 279,293.4 28,508.3 11,399.6 – – 250,785.1 112,265.0
Nov. 272,497.1 28,530.4 11,421.8 – – 243,966.7 111,726.6
Dec. 282,245.5 27,861.3 11,139.0 – – 254,384.3 114,316.9
2023 Jan. 299,701.7 27,889.1 11,166.8 – – 271,812.6 114,541.1
Feb. 308,045.0 27,889.9 11,167.6 – – 280,155.1 114,266.4
Mar. 318,166.3 27,889.4 11,167.2 – – 290,276.8 115,104.1
Apr. 314,371.8 27,457.2 10,995.5 – – 286,914.6 118,086.8
Period Domestic liabilities (continued)

Deposits Debt securities Capital and Remaining
Total Overnight Time deposits Funds from Repos reserves liabilities***
deposits foreign exchange
swaps
2022 Apr. 87,615.1 87,544.1 71.0 – – – 36,850.2 39.9

May 92,962.8 92,820.8 142.0 – – – 35,520.1 274.7
Jun. 103,531.0 101,016.0 2,515.0 – – – 34,687.3 46.7
Jul. 108,622.7 108,523.7 99.0 – – – 36,966.3 108.8
Aug. 97,301.1 97,224.1 77.0 – – – 33,485.9 83.2
Sep. 101,832.8 101,355.8 477.0 – – – 34,913.9 113.5
Oct. 107,415.5 107,050.5 365.0 – – – 30,966.1 138.6
Nov. 101,919.5 99,120.5 2,799.0 – – – 30,220.0 100.5
Dec. 107,392.6 101,441.1 5,951.5 – – – 32,491.4 183.4
2023 Jan. 125,484.4 116,878.4 8,606.0 – – – 31,568.6 218.5
Feb. 135,613.8 120,353.8 15,260.0 – – – 30,148.0 126.9
Mar. 143,081.8 121,367.1 21,714.7 – – – 31,882.9 208.1
Apr. 138,872.3 112,487.0 26,385.4 – – – 29,717.0 238.5
***) the accrued interest payable related to financial liabilities is also included.
Note: According to ESA 2010, the IMF’s SDR allocations are included in foreign liabilities.
The outstanding loans and deposits at the end of the reported month do not include the accrued interest receivable/payable.
The outstanding loans at the end of the reported month include non-performing loans.

5.2. Aggregate monetary balance sheet of other monetary financial institutions

Period TOTAL Foreign assets
ASSETS Total Cash and other Loans (including Debt securities Money market fund Equity
payment means deposits taken) and investment fund
shares/units held by
credit institutions
2022 Apr. 702,631.0 68,045.8 9,738.2 48,438.6 8,925.8 c 938.1
May 705,657.3 68,010.3 9,936.0 48,462.2 8,680.4 c 926.7
Jun. 721,599.5 67,897.3 10,161.8 46,096.1 10,728.0 c 907.0
Jul. 735,670.8 69,070.7 10,672.3 48,082.5 9,346.3 c 964.6
Aug. 733,928.4 73,621.8 10,462.2 52,884.8 9,329.2 c 940.9
Sep. 738,835.0 71,063.6 7,995.7 50,479.2 11,672.2 c 912.2
Oct. 735,006.9 65,281.6 6,898.3 48,149.0 9,259.6 c 969.9
Nov. 746,906.4 62,623.8 6,048.2 45,957.6 9,646.3 c 966.7
Dec. 763,268.6 57,986.4 6,837.2 38,022.5 12,452.5 c 669.3
2023 Jan. 747,202.9 71,291.7 5,876.7 54,419.6 10,284.3 c 706.1
Feb. 754,643.5 68,102.1 5,873.5 51,069.2 10,460.0 c 694.5
Mar. 758,283.8 59,296.2 5,847.0 39,519.3 13,230.2 c 694.7
Apr. 766,805.1 59,321.4 5,629.0 42,298.4 10,685.0 c 703.9

Total Cash and other Loans (including Debt securities Money market fund Equity Fixed assets Remaining assets*
payment means deposits taken) and investment fund
shares/units held by
credit institutions
2022 Apr. 634,585.2 12,959.8 415,928.8 140,555.0 c 4,194.1 18,336.2 41,406.9
May 637,647.1 13,522.4 419,064.2 139,121.3 c 4,212.0 18,336.2 42,190.5
Jun. 653,702.2 12,547.4 435,077.6 139,269.6 c 4,564.0 18,412.2 42,653.3
Jul. 666,600.1 11,519.0 445,072.0 141,755.7 c 4,564.8 18,361.6 44,133.5
Aug. 660,306.6 13,253.5 440,509.0 138,350.0 c 4,566.2 18,445.7 43,982.6
Sep. 667,771.4 12,152.2 446,329.6 140,149.0 c 4,222.9 18,542.9 45,466.0
Oct. 669,725.3 12,002.1 444,597.1 141,557.5 c 4,204.8 18,623.5 47,826.1
Nov. 684,282.6 12,071.3 452,179.5 147,154.5 c 4,142.0 18,847.7 48,947.1
Dec. 705,282.2 13,009.9 477,777.3 141,557.3 c 4,114.4 19,194.8 48,688.5
2023 Jan. 675,911.3 12,016.4 457,982.7 150,982.7 c 4,118.7 19,199.4 30,671.5
Feb. 686,541.3 11,205.7 468,837.9 149,622.7 c 4,111.9 19,276.5 32,540.1
Mar. 698,987.6 12,031.9 476,842.3 153,222.3 c 4,114.9 19,365.9 32,466.6
Apr. 707,483.7 12,380.9 481,385.4 156,071.7 c 4,099.9 19,512.2 33,079.4
*) the accrued interest receivable related to financial assets is also included.

Statistical Section
Period TOTAL Foreign liabilities

LIABILITIES Total Deposits Debt securities Money
Total Overnight Time deposits Deposits Repos market fund
deposits (including redeemable shares/units
borrowings) at notice held by
non-residents
2022 Apr. 702,631.0 40,663.2 36,894.5 13,591.6 22,491.3 – 811.6 3,768.7 –
May 705,657.3 41,107.7 37,340.2 13,553.5 23,292.5 – c 3,767.5 –
Jun. 721,599.5 45,829.0 40,411.7 14,218.5 25,701.5 – 491.7 5,417.3 –
Jul. 735,670.8 46,731.9 41,002.4 13,629.9 26,911.5 – 461.0 5,729.5 –
Aug. 733,928.4 47,465.5 41,206.0 14,190.6 26,490.0 – 525.4 6,259.5 –
Sep. 738,835.0 49,312.1 43,004.9 14,641.1 27,884.3 – c 6,307.2 –
Oct. 735,006.9 47,232.6 40,577.5 13,643.9 26,557.3 – c 6,655.2 –
Nov. 746,906.4 48,969.4 42,311.8 13,692.8 26,289.8 – 2,329.2 6,657.6 –
Dec. 763,268.6 53,066.7 43,814.3 14,772.2 27,917.5 – c 9,252.4 –
2023 Jan. 747,202.9 51,841.7 42,602.0 13,904.1 27,413.4 – c 9,239.7 –
Feb. 754,643.5 52,340.5 43,102.8 13,869.0 27,680.9 – 1,553.0 9,237.7 –
Mar. 758,283.8 52,570.4 43,213.9 13,800.3 27,637.6 – 1,776.0 9,356.5 –
Apr. 766,805.1 54,120.0 42,318.0 13,362.0 26,531.3 – 2,424.7 11,802.0 –
Period Domestic liabilities

Total Deposits Debt securities Money market Capital and Remaining
Total Overnight Time deposits Deposits Repos fund reserves liabilities**
deposits (including redeemable shares/units
borrowings) at notice
2022 Apr. 661,967.8 524,897.6 334,641.7 188,945.8 – 1,310.0 3,637.4 – 80,340.4 53,092.5
May 664,549.7 527,553.2 333,789.1 192,474.6 – 1,289.4 3,636.8 – 77,898.8 55,460.8
Jun. 675,770.6 538,389.6 346,656.3 190,495.0 – 1,238.3 4,006.2 – 80,018.0 53,356.8
Jul. 688,938.9 547,868.4 350,335.2 195,479.3 – 2,053.8 3,877.0 – 82,437.4 54,756.1
Aug. 686,462.8 543,140.8 338,556.7 203,154.3 – 1,429.8 4,059.7 – 84,564.1 54,698.2
Sep. 689,522.9 544,730.7 337,754.3 205,696.5 – 1,279.9 4,133.0 – 84,800.0 55,859.2
Oct. 687,774.3 539,155.0 317,630.6 219,838.7 – 1,685.7 4,420.7 – 84,060.8 60,137.8
Nov. 697,937.1 543,924.5 304,853.6 235,801.3 – 3,269.6 4,421.7 – 87,051.3 62,539.6
Dec. 710,201.9 559,818.7 310,972.6 245,169.7 – 3,676.4 5,341.5 – 84,658.4 60,383.2
2023 Jan. 695,361.2 559,445.5 302,923.3 253,943.0 – 2,579.2 5,328.7 – 86,403.3 44,183.7
Feb. 702,302.9 564,677.0 300,324.9 262,804.9 – 1,547.2 5,910.8 – 87,592.8 44,122.4
Mar. 705,713.4 566,379.0 292,495.1 272,288.1 – 1,595.8 6,039.9 – 90,207.1 43,087.3
Apr. 712,685.0 569,462.6 290,496.7 277,546.6 – 1,419.3 6,035.2 – 91,667.0 45,520.2
**) the accrued interest payable related to financial liabilities is also included.
Note: The outstanding loans and deposits at the end of the reported month do not include the accrued interest receivable/payable.

5.3. Net consolidated balance sheet of monetary financial institutions (NBR and other monetary financial institutions)
Period ASSETS Foreign assets
Total Gold SDR holdings Cash and other Loans Debt securities Money market fund Equity
with the IMF payment means and investment
fund shares/units
held by credit
institutions
2022 Apr. 821,176.9 313,137.9 29,820.4 17,224.2 9,738.4 118,540.5 125,312.9 c 12,496.5
May 827,566.3 315,366.8 29,820.4 17,038.4 9,936.1 116,069.0 130,014.1 c 12,483.9
Jun. 841,525.1 321,215.4 28,609.6 17,256.8 10,162.1 115,373.0 137,343.9 c 12,465.6
Jul. 856,173.8 327,916.4 28,354.8 17,510.9 10,672.5 117,117.3 141,731.1 c 12,524.7
Aug. 851,746.8 326,269.8 27,749.7 17,353.4 10,462.5 112,684.6 145,515.7 c 12,499.1
Sep. 865,453.0 332,531.1 28,032.1 17,723.5 7,995.9 114,504.3 151,797.2 c 12,473.9
Oct. 866,706.2 333,702.0 26,980.4 17,390.1 6,898.6 112,560.5 157,338.5 c 12,529.0
Nov. 867,544.3 328,128.6 27,688.4 17,046.5 6,048.5 107,544.2 157,272.3 c 12,523.6
Dec. 873,236.2 331,489.3 28,025.7 16,940.5 6,837.5 117,583.6 150,128.5 c 11,968.7
2023 Jan. 905,753.0 362,446.8 28,845.8 16,781.2 5,877.0 140,065.4 158,868.3 c 12,004.1
Feb. 911,292.3 367,888.8 27,928.5 16,877.8 5,873.7 134,183.9 171,027.0 c 11,993.1
Mar. 921,194.5 368,207.7 29,970.7 16,752.4 5,847.2 122,145.9 181,493.7 c 11,992.8
Apr. 922,134.9 364,706.3 29,659.1 16,566.3 5,629.3 115,568.9 185,450.4 c 11,827.2

Total Domestic credit Debt securities Equity
Total Loans to the Government credit
private sector (general
government)
2022 Apr. 508,038.9 360,590.0 339,883.5 20,706.5 144,645.8 2,803.2

May 512,199.5 366,133.6 345,273.9 20,859.7 143,252.6 2,813.2
Jun. 520,309.7 373,849.5 352,780.0 21,069.5 143,295.4 3,164.7
Jul. 528,257.4 379,331.1 358,174.1 21,157.1 145,778.2 3,148.0
Aug. 525,477.1 380,251.8 359,076.8 21,175.0 142,077.6 3,147.7
Sep. 532,921.9 386,190.0 364,780.8 21,409.2 143,921.5 2,810.5
Oct. 533,004.2 384,963.4 363,591.0 21,372.4 145,219.1 2,821.7
Nov. 539,415.8 385,808.3 364,425.1 21,383.2 150,800.4 2,807.1
Dec. 541,747.0 394,338.8 363,661.9 30,676.9 144,565.0 2,843.1
2023 Jan. 543,306.1 386,474.8 364,131.3 22,343.5 153,984.5 2,846.8
Feb. 543,403.5 388,110.5 365,839.5 22,270.9 152,452.8 2,840.3
Mar. 552,986.8 392,870.0 370,576.1 22,294.0 157,274.3 2,842.5
Apr. 557,428.6 394,904.5 369,900.0 25,004.5 159,696.7 2,827.5

Statistical Section
Period LIABILITIES Foreign liabilities

Total, Deposits, of which : Debt securities Shares/units
of which : Total Overnight deposits Time deposits Deposits Repos issued by money
redeemable at market funds
notice
2022 Apr. 821,176.8 69,170.8 48,293.4 13,600.0 33,881.9 – 811.6 3,768.7 –

May 827,566.3 69,609.4 48,733.3 13,556.0 34,683.0 – c 3,767.5 –
Jun. 841,525.1 74,330.7 51,804.8 14,221.0 37,092.0 – 491.7 5,417.3 –
Jul. 856,173.8 75,262.1 52,423.9 13,660.9 38,302.0 – 461.0 5,729.5 –
Aug. 851,746.8 75,980.1 52,612.0 14,206.0 37,880.6 – 525.4 6,259.5 –
Sep. 865,453.0 77,821.4 54,405.6 14,651.2 39,274.9 – c 6,307.2 –
Oct. 866,706.2 75,740.9 51,977.1 13,652.9 37,947.9 – c 6,655.2 –
Nov. 867,544.3 77,499.8 53,733.5 13,724.0 37,680.4 – 2,329.2 6,657.6 –
Dec. 873,236.2 80,928.0 54,953.3 14,777.9 39,050.8 – c 9,252.4 –
2023 Jan. 905,753.0 79,730.8 53,768.8 13,937.7 38,546.6 – c 9,239.7 –
Feb. 911,292.3 80,230.4 54,270.5 13,903.3 38,814.2 – 1,553.0 9,237.7 –
Mar. 921,194.5 80,459.8 54,381.1 13,834.2 38,770.8 – 1,776.0 9,356.5 –
Apr. 922,134.9 81,577.3 53,313.5 13,397.7 37,491.1 – 2,424.7 11,802.0 –
Period Domestic liabilities

Total M3 Long-term Central Remaining
financial government liabilities, net*
liabilities deposits
2022 Apr. 752,006.0 569,711.7 132,214.8 60,981.9 -10,902.3
May 757,956.9 569,421.4 128,359.8 70,100.0 -9,924.2
Jun. 767,194.4 569,309.4 129,847.2 80,164.7 -12,127.0
Jul. 780,911.7 575,950.8 134,403.3 84,605.2 -14,047.5
Aug. 775,766.7 576,962.8 133,239.7 78,297.0 -12,732.7
Sep. 787,631.6 581,778.6 135,135.5 82,979.1 -12,261.6
Oct. 790,965.3 580,835.8 130,938.5 90,308.9 -11,117.8
Nov. 790,044.5 584,559.6 133,529.0 82,065.2 -10,109.3
Dec. 792,308.2 603,042.0 135,205.8 69,359.4 -15,299.0
2023 Jan. 826,022.2 603,647.9 136,873.4 97,911.3 -12,410.4
Feb. 831,062.0 612,183.9 137,648.1 95,582.4 -14,352.4
Mar. 840,734.7 613,926.4 142,781.2 99,052.4 -15,025.3
Apr. 840,557.6 618,680.4 142,739.9 92,187.2 -13,049.9
*) the accrued interest payable related to financial liabilities is also included.
Note: According to ESA 2010, the IMF’s SDR allocations are included in foreign liabilities.
The outstanding loans and deposits at the end of the reported month do not include the accrued interest receivable/payable.

6. BROAD MONEY M3 AND ITS COUNTERPARTS

Period M3
M2
M1 Deposits redeemable at notice Deposits with agreed Total
Currency in circulation Overnight deposits Total of up to and including three maturity of up to and
months including 2 years
2019 Dec. 74,125.5 202,813.1 276,938.6 0.0 145,693.1 422,631.7

2020 Jan. 74,304.1 197,896.9 272,201.0 0.0 147,327.8 419,528.8
Feb. 75,460.7 198,331.2 273,791.9 0.0 149,732.3 423,524.2
Mar. 77,599.5 208,939.4 286,539.0 0.0 147,395.7 433,934.7
Apr. 80,622.1 210,766.7 291,388.9 0.0 147,687.1 439,076.0
May 82,622.9 214,614.2 297,237.2 0.0 148,316.7 445,553.9
Jun. 82,377.6 216,442.4 298,820.0 0.0 144,925.8 443,745.8
Jul. 83,113.0 218,162.0 301,275.0 0.0 144,850.4 446,125.4
Aug. 83,926.0 223,043.5 306,969.5 0.0 145,824.4 452,793.9
Sep. 84,792.2 230,514.2 315,306.4 0.0 145,692.8 460,999.2
Oct. 86,155.1 234,789.3 320,944.4 0.0 148,335.6 469,280.1
Nov. 87,992.4 240,704.2 328,696.6 0.0 148,598.9 477,295.6
Dec. 88,180.6 249,382.9 337,563.5 0.0 149,786.4 487,349.9
2021 Jan. 90,239.7 248,793.0 339,032.6 0.0 151,269.7 490,302.3
Feb. 91,349.9 251,914.8 343,264.8 0.0 153,698.3 496,963.1
Mar. 90,494.2 253,037.8 343,531.9 0.0 155,667.7 499,199.7
Apr. 92,643.9 256,152.9 348,796.7 0.0 154,734.9 503,531.7
May 92,505.9 258,365.0 350,870.9 0.0 154,900.5 505,771.4
Jun. 92,854.0 273,868.1 366,722.1 0.0 152,734.5 519,456.5
Jul. 94,494.7 279,362.3 373,857.0 0.0 151,329.9 525,187.0
Aug. 95,004.5 284,717.9 379,722.4 0.0 153,560.0 533,282.4
Sep. 94,905.9 288,091.5 382,997.4 0.0 152,910.9 535,908.3
Oct. 95,722.3 293,071.3 388,793.6 0.0 154,117.1 542,910.7
Nov. 96,121.1 296,180.8 392,301.9 0.0 155,255.5 547,557.4
Dec. 96,100.3 310,673.0 406,773.3 0.0 157,649.7 564,423.0
2022 Jan. 98,646.3 309,829.1 408,475.4 0.0 158,204.6 566,680.0
Feb. 99,816.4 309,666.4 409,482.8 0.0 161,089.7 570,572.5
Mar. 98,827.3 307,606.9 406,434.2 0.0 160,851.3 567,285.5
Apr. 99,331.0 309,149.9 408,480.9 0.0 161,230.8 569,711.7
May 98,477.9 306,213.3 404,691.2 0.0 164,730.2 569,421.4
Jun. 98,209.0 308,457.6 406,666.6 0.0 162,642.8 569,309.4
Jul. 100,622.8 310,175.4 410,798.3 0.0 165,152.5 575,950.8
Aug. 100,216.8 303,550.0 403,766.9 0.0 173,196.0 576,962.8
Sep. 100,188.0 304,783.7 404,971.7 0.0 176,797.0 581,768.7
Oct. 100,254.0 297,892.0 398,146.0 0.0 182,689.8 580,835.8
Nov. 99,647.4 290,328.9 389,976.3 0.0 194,583.3 584,559.6
Dec. 101,298.4 296,775.8 398,074.2 0.0 204,967.9 603,042.0
2023 Jan. 102,515.5 287,503.8 390,019.3 0.0 213,628.6 603,647.9
Feb. 103,052.8 286,588.5 389,641.3 0.0 222,542.6 612,183.9
Mar. 103,064.6 279,128.7 382,193.3 0.0 231,733.1 613,926.4
Apr. 105,699.2 276,202.2 381,901.5 0.0 236,779.0 618,680.4

Statistical Section
Period M3 (continued) NET FOREIGN ASSETS* NET DOMESTIC

Repos Money market fund Debt securities Total ASSETS
shares/units
(outstanding)
2019 Dec. 0.0 – – 422,631.7 181,812.6 240,819.0

2020 Jan. 0.0 – – 419,528.8 197,777.2 221,751.6
Feb. 0.0 – – 423,524.2 203,671.7 219,852.5
Mar. 0.0 – – 433,934.7 197,603.4 236,331.3
Apr. 0.0 – – 439,076.0 199,142.7 239,933.3
May 0.0 – – 445,553.9 213,032.5 232,521.4
Jun. 0.0 – – 443,745.8 209,824.5 233,921.3
Jul. 0.0 – – 446,125.4 219,993.3 226,132.0
Aug. 0.0 – – 452,793.9 221,943.9 230,850.0
Sep. 0.0 – – 460,999.2 216,815.9 244,183.2
Oct. 0.0 – – 469,280.1 218,767.5 250,512.6
Nov. 0.0 – – 477,295.6 216,342.5 260,953.1
Dec. 0.0 – – 487,349.9 236,517.6 250,832.3
2021 Jan. 0.0 – – 490,302.3 241,202.6 249,099.6
Feb. 0.0 – – 496,963.1 231,314.8 265,648.3
Mar. 0.0 – – 499,199.7 232,893.0 266,306.7
Apr. 0.0 – – 503,531.7 244,179.9 259,351.7
May 0.0 – – 505,771.4 236,996.0 268,775.4
Jun. 0.0 – – 519,456.5 227,714.3 291,742.2
Jul. 0.0 – – 525,187.0 245,960.1 279,226.9
Aug. 0.0 – – 533,282.4 249,499.9 283,782.5
Sep. 0.0 – – 535,908.3 248,503.4 287,404.9
Oct. 0.0 – – 542,910.7 243,249.2 299,661.5
Nov. 0.0 – – 547,557.4 238,827.8 308,729.6
Dec. 0.0 – – 564,423.0 240,563.8 323,859.2
2022 Jan. 0.0 – – 566,680.0 262,267.0 304,413.0
Feb. 0.0 – – 570,572.5 262,854.4 307,718.2
Mar. 0.0 – – 567,285.5 244,994.9 322,290.6
Apr. 0.0 – – 569,711.7 243,967.1 325,744.6
May 0.0 – – 569,421.4 245,757.4 323,663.9
Jun. 0.0 – – 569,309.4 246,884.7 322,424.7
Jul. 0.0 – – 575,950.8 252,654.4 323,296.4
Aug. 0.0 – – 576,962.8 250,289.6 326,673.2
Sep. c – – 581,778.6 254,709.7 327,069.0
Oct. 0.0 – – 580,835.8 257,961.1 322,874.7
Nov. 0.0 – – 584,559.6 250,628.8 333,930.8
Dec. 0.0 – – 603,042.0 250,561.3 352,480.7
2023 Jan. 0.0 – – 603,647.9 282,716.0 320,931.9
Feb. 0.0 – – 612,183.9 287,658.4 324,525.5
Mar. 0.0 – – 613,926.4 287,747.9 326,178.6
Apr. 0.0 – – 618,680.4 283,129.0 335,551.4
*) after deducting foreign liabilities from foreign assets.

7. BREAKDOWN OF MONETARY FINANCIAL INSTITUTIONS’ DEPOSITS AND LOANS

BY INSTITUTIONAL SECTOR
7.1. Deposits of non-government resident clients
Period Total lei foreign Total, of which :
currency Household deposits* Non-financial corporations' deposits
Total lei foreign currency Total lei foreign currency
2019 Dec. 367,686.8 241,686.2 126,000.6 222,398.9 131,134.4 91,264.5 127,903.5 98,640.8 29,262.7
2020 Jan. 364,541.2 238,096.0 126,445.2 223,424.1 131,603.1 91,820.9 124,061.5 94,791.9 29,269.6
Feb. 367,542.5 239,287.6 128,254.9 226,797.5 133,614.2 93,183.3 121,980.5 92,387.1 29,593.4
Mar. 375,730.2 239,221.9 136,508.3 230,909.3 133,417.1 97,492.3 127,474.0 93,223.7 34,250.3
Apr. 378,431.7 241,143.2 137,288.5 236,890.6 137,986.5 98,904.1 123,571.9 90,148.8 33,423.1
May 383,546.2 245,820.1 137,726.1 238,501.9 139,064.6 99,437.3 127,230.9 93,706.1 33,524.8
Jun. 382,099.3 244,576.0 137,523.3 239,423.5 139,667.5 99,756.0 125,512.5 92,159.8 33,352.7
Jul. 383,666.4 245,835.6 137,830.7 239,996.1 140,342.6 99,653.5 126,337.0 92,896.7 33,440.3
Aug. 389,666.0 251,169.6 138,496.5 240,811.5 140,632.6 100,179.0 131,926.1 98,222.0 33,704.1
Sep. 397,145.9 255,943.9 141,202.0 243,989.2 142,008.3 101,980.9 136,200.3 101,674.9 34,525.4
Oct. 404,121.1 261,317.3 142,803.9 249,742.3 146,042.0 103,700.3 137,786.1 103,032.9 34,753.2
Nov. 410,279.6 264,420.1 145,859.5 252,034.3 147,498.4 104,535.9 140,240.9 104,456.6 35,784.3
Dec. 420,675.6 274,341.1 146,334.5 256,679.2 151,427.2 105,252.0 147,364.3 110,542.6 36,821.7
2021 Jan. 421,976.1 274,863.8 147,112.3 259,959.5 153,293.6 106,665.9 145,213.5 109,372.2 35,841.3
Feb. 427,649.3 277,940.6 149,708.7 262,462.6 154,810.6 107,652.0 146,967.3 110,104.6 36,862.7
Mar. 430,900.8 280,106.3 150,794.5 264,570.0 155,294.8 109,275.3 148,807.2 111,911.6 36,895.5
Apr. 433,339.5 282,466.4 150,873.1 266,517.5 157,099.3 109,418.2 149,080.9 112,243.4 36,837.5
May 435,903.8 283,768.2 152,135.6 266,567.5 156,879.2 109,688.3 152,122.0 114,449.6 37,672.4
Jun. 438,083.6 284,806.8 153,276.8 268,500.9 157,750.7 110,750.2 150,794.9 113,045.6 37,749.3
Jul. 442,334.1 286,136.7 156,197.3 270,553.1 158,737.5 111,815.6 153,181.2 113,558.6 39,622.7
Aug. 449,906.6 291,692.5 158,214.1 271,489.2 158,345.1 113,144.1 159,080.4 119,093.8 39,986.6
Sep. 452,453.4 291,278.6 161,174.8 273,088.8 158,187.4 114,901.5 159,265.3 118,248.5 41,016.8
Oct. 458,291.0 294,302.8 163,988.3 277,156.6 161,119.5 116,037.2 160,728.1 118,407.4 42,320.7
Nov. 462,462.9 297,613.7 164,849.2 277,788.5 161,026.3 116,762.2 164,449.4 121,760.4 42,689.0
Dec. 479,302.9 311,439.6 167,863.3 283,869.2 165,023.8 118,845.4 175,336.2 131,590.4 43,745.8
2022 Jan. 478,847.7 307,348.8 171,498.9 285,459.2 165,486.0 119,973.3 173,336.7 127,096.5 46,240.2
Feb. 481,339.6 306,842.4 174,497.2 286,301.4 164,758.8 121,542.6 173,828.8 126,214.0 47,614.8
Mar. 478,755.7 298,575.2 180,180.5 281,882.8 156,835.0 125,047.9 175,133.6 125,634.6 49,498.9
Apr. 480,598.1 299,949.6 180,648.5 285,174.6 158,159.7 127,014.9 173,384.6 124,856.1 48,528.5
May 481,079.3 301,437.0 179,642.4 283,046.9 156,582.1 126,464.8 178,428.1 130,339.4 48,088.7
Jun. 481,137.8 300,994.6 180,143.2 283,397.1 156,942.0 126,455.1 176,593.0 128,030.5 48,562.5
Jul. 485,216.3 301,963.3 183,252.9 285,485.5 159,055.2 126,430.3 179,111.9 127,184.1 51,927.9
Aug. 486,616.6 308,996.8 177,619.8 283,452.8 158,998.2 124,454.6 183,087.9 135,001.7 48,086.3
Sep. 491,700.6 311,330.4 180,370.2 286,455.3 160,951.6 125,503.7 184,276.5 134,782.9 49,493.6
Oct. 490,803.2 312,185.5 178,617.7 289,609.6 165,380.3 124,229.3 180,027.4 131,231.1 48,796.3
Nov. 495,435.1 320,089.1 175,346.0 291,366.8 168,018.1 123,348.7 183,450.7 135,803.6 47,647.1
Dec. 513,233.3 337,950.7 175,282.6 302,699.3 178,336.2 124,363.1 187,405.7 140,614.4 46,791.3
2023 Jan. 513,510.1 338,449.8 175,060.3 303,201.5 179,448.4 123,753.2 187,821.9 140,597.5 47,224.4
Feb. 522,026.9 347,448.6 174,578.3 306,804.3 183,446.5 123,357.8 192,160.5 144,621.8 47,538.8
Mar. 524,445.2 351,705.5 172,739.7 307,980.2 185,544.9 122,435.3 194,463.8 147,769.8 46,694.0
Apr. 527,302.0 357,732.3 169,569.7 310,322.1 189,869.8 120,452.3 193,044.5 147,344.4 45,700.0
*) include non-profit institutions serving households.
Note: The outstanding deposits at the end of the reported month do not include the accrued interest payable.

Statistical Section
7.2. Household deposits*

Period Total Overnight deposits Time deposits
Total lei EUR other currency Total lei
Total with maturity with maturity
of up to and longer than
including one year one year
2022 Apr. 285,174.6 178,435.0 95,700.0 72,662.6 10,072.5 106,739.5 62,459.7 52,955.6 9,504.1
May 283,046.9 176,089.6 93,456.6 72,770.9 9,862.1 106,957.4 63,125.5 53,818.5 9,307.0
Jun. 283,397.1 176,192.3 93,210.9 73,043.8 9,937.6 107,204.9 63,731.1 54,594.1 9,137.0
Jul. 285,485.5 176,187.4 93,057.0 72,968.9 10,161.5 109,298.1 65,998.2 56,999.7 8,998.5
Aug. 283,452.8 171,931.8 90,561.2 71,552.7 9,817.8 111,521.1 68,437.0 59,496.5 8,940.5
Sep. 286,455.3 171,211.4 90,063.0 71,213.0 9,935.4 115,243.9 70,888.6 61,533.1 9,355.4
Oct. 289,609.6 169,877.5 91,005.5 69,336.8 9,535.2 119,732.1 74,374.8 64,854.0 9,520.8
Nov. 291,366.8 166,105.7 90,447.1 66,651.3 9,007.2 125,261.2 77,571.0 68,028.1 9,542.9
Dec. 302,699.3 169,659.6 95,285.0 65,564.0 8,810.6 133,039.7 83,051.2 72,738.1 10,313.1
2023 Jan. 303,201.5 163,944.9 92,404.3 63,156.9 8,383.7 139,256.6 87,044.1 76,245.7 10,798.4
Feb. 306,804.3 163,338.5 93,491.1 61,399.8 8,447.6 143,465.8 89,955.4 78,672.9 11,282.5
Mar. 307,980.2 160,021.4 92,725.8 59,333.4 7,962.2 147,958.8 92,819.1 80,988.3 11,830.8
Apr. 310,322.1 159,426.4 94,548.6 57,114.8 7,763.1 150,895.6 95,321.2 82,772.4 12,548.8
Period Time deposits (continued) Deposits Repos

EUR other currency redeemable
at notice
Total with maturity with maturity Total with maturity with maturity
of up to and longer than of up to and longer than
including one year one year including one year one year
2022 Apr. 38,325.6 34,879.9 3,445.7 5,954.2 5,658.3 295.9 – –

May 37,908.4 34,444.3 3,464.2 5,923.4 5,644.1 279.3 – –
Jun. 37,320.5 33,864.0 3,456.5 6,153.2 5,869.4 283.8 – –
Jul. 37,010.6 33,464.2 3,546.4 6,289.3 6,003.4 285.8 – –
Aug. 36,471.1 32,865.4 3,605.7 6,612.9 6,266.5 346.4 – –
Sep. 37,286.5 33,656.3 3,630.2 7,068.8 6,718.2 350.6 – –
Oct. 37,938.9 34,300.8 3,638.1 7,418.4 7,127.7 290.8 – –
Nov. 40,200.0 36,410.6 3,789.4 7,490.2 7,242.3 247.9 – –
Dec. 42,288.9 38,309.0 3,979.9 7,699.6 7,414.9 284.7 – –
2023 Jan. 43,872.9 39,761.5 4,111.3 8,339.7 8,031.3 308.4 – –
Feb. 45,188.5 40,973.7 4,214.8 8,321.9 8,004.4 317.5 – –
Mar. 46,746.3 42,381.4 4,364.9 8,393.4 8,041.0 352.4 – –
Apr. 47,248.5 42,838.7 4,409.8 8,325.9 7,956.9 369.0 – –

7.3. Deposits from non-financial corporations, financial corporations other than MFIs, general government and non-residents
Period DEPOSITS FROM NON-FINANCIAL CORPORATIONS
Overnight deposits Time deposits
Total Total lei EUR other currency Total lei
including one year one year
2022 Apr. 173,384.6 121,613.5 77,759.0 36,627.1 7,227.3 51,771.2 47,097.1 44,425.8 2,671.4
May 178,428.1 122,256.5 79,088.0 36,159.6 7,008.9 56,171.7 51,251.4 48,505.5 2,745.9
Jun. 176,593.0 124,214.9 80,622.3 36,561.9 7,030.6 52,378.1 47,408.1 44,706.3 2,701.8
Jul. 179,111.9 126,488.2 79,726.4 39,995.4 6,766.5 52,623.7 47,457.7 44,794.7 2,663.0
Aug. 183,087.9 123,765.4 81,393.3 35,566.4 6,805.7 59,322.6 53,608.4 50,864.2 2,744.2
Sep. 184,276.5 125,577.1 82,117.6 36,733.8 6,725.6 58,699.4 52,665.3 49,921.4 2,743.9
Oct. 180,027.4 120,347.1 78,030.9 35,248.4 7,067.8 59,680.3 53,200.2 50,458.3 2,742.0
Nov. 183,450.7 117,037.4 77,673.1 32,745.5 6,618.7 66,413.3 58,130.4 55,156.3 2,974.1
Dec. 187,405.7 119,849.1 81,952.5 31,975.3 5,921.4 67,556.6 58,662.0 55,421.1 3,240.9
2023 Jan. 187,821.9 115,973.7 77,756.9 31,851.9 6,364.9 71,848.2 62,840.6 59,271.9 3,568.7
Feb. 192,160.5 115,697.5 77,648.6 31,552.8 6,496.1 76,463.0 66,973.2 63,299.9 3,673.3
Mar. 194,463.8 111,488.4 75,939.5 29,936.1 5,612.8 82,975.4 71,830.2 67,806.9 4,023.4
Apr. 193,044.5 109,028.9 74,628.1 28,795.9 5,605.0 84,015.6 72,716.3 68,610.0 4,106.3
Period DEPOSITS FROM NON-FINANCIAL CORPORATIONS (continued)

Time deposits (continued) Deposits Repos
EUR other currency redeemable
at notice
including one year one year including one year one year
2022 Apr. 3,993.6 3,149.0 844.6 680.4 563.4 117.0 – –

May 4,081.4 3,227.5 853.9 838.9 709.7 129.2 – –
Jun. 4,045.0 3,178.9 866.2 924.9 795.8 129.1 – –
Jul. 3,894.4 2,991.9 902.5 1,271.7 1,162.3 109.4 – –
Aug. 4,297.0 3,406.9 890.1 1,417.2 1,299.6 117.6 – –
Sep. 4,392.7 3,510.3 882.4 1,641.4 1,511.3 130.0 – –
Oct. 4,760.9 3,861.9 899.0 1,719.1 1,601.1 118.1 – –
Nov. 6,128.5 5,217.6 910.9 2,154.4 2,035.4 119.0 – –
Dec. 6,564.8 5,618.2 946.6 2,329.9 2,226.1 103.8 – –
2023 Jan. 6,730.4 5,772.5 957.8 2,277.2 2,171.2 106.1 – –
Feb. 7,218.7 6,241.8 976.9 2,271.1 2,121.9 149.2 – –
Mar. 8,374.3 7,344.3 1,029.9 2,770.9 2,633.0 137.9 – –
Apr. 8,560.0 7,529.4 1,030.6 2,739.2 2,604.1 135.1 – –

Statistical Section
Period DEPOSITS FROM FINANCIAL CORPORATIONS OTHER THAN MFIs

Total Overnight deposits Time deposits
Total lei EUR other currency Total lei EUR
including one year including one year
one year one year
2022 Apr. 22,038.9 7,981.9 5,527.6 2,074.3 380.1 14,057.0 11,406.3 10,796.5 609.8 2,495.5 2,391.9 103.5
May 19,604.2 6,784.7 4,240.1 2,159.1 385.6 12,819.5 10,275.4 9,596.2 679.2 2,387.7 2,289.3 98.4
Jun. 21,147.7 6,943.6 4,360.7 2,173.2 409.8 14,204.0 11,661.5 10,985.2 676.3 2,398.7 2,301.8 96.9
Jul. 20,618.9 6,191.7 3,733.3 2,111.7 346.7 14,427.2 11,990.8 11,382.0 608.8 2,282.3 2,264.0 18.3
Aug. 20,075.8 6,483.3 3,861.1 2,249.9 372.3 13,592.5 11,135.8 10,532.9 602.9 2,321.4 2,301.8 19.6
Sep. 20,968.8 6,724.6 4,476.7 1,869.2 378.7 14,234.3 11,119.2 10,500.8 618.4 2,979.2 2,961.3 17.9
Oct. 21,166.2 6,186.3 3,921.2 1,921.3 343.9 14,979.9 11,653.0 11,038.5 614.4 3,182.8 3,169.8 13.0
Nov. 20,617.6 5,704.9 3,707.9 1,715.6 281.3 14,912.7 12,559.5 11,934.8 624.7 2,185.3 2,169.4 16.0
Dec. 23,128.3 5,635.1 3,967.8 1,393.5 273.8 17,493.1 15,032.3 14,336.2 696.1 2,316.0 2,297.9 18.1
2023 Jan. 22,486.7 6,019.6 4,173.8 1,540.6 305.3 16,467.0 14,230.2 13,524.3 705.9 2,085.2 2,068.8 16.4
Feb. 23,062.1 5,923.4 4,401.9 1,255.6 266.0 17,138.7 14,978.5 14,246.9 731.6 2,006.1 1,996.3 9.8
Mar. 22,001.2 6,008.4 4,260.6 1,491.9 255.9 15,992.8 14,130.2 13,357.0 773.2 1,688.7 1,677.3 11.4
Apr. 23,935.4 6,175.9 4,548.2 1,352.5 275.2 17,759.5 15,969.9 15,171.6 798.3 1,626.1 1,613.8 12.3
Period DEPOSITS FROM FINANCIAL CORPORATIONS OTHER THAN MFIs DEPOSITS FROM GENERAL GOVERNMENT TOTAL
(continued) DEPOSITS
Time deposits (continued) Deposits Repos Total Central Local Social FROM
redeemable government government security funds NONRESIDENTS
other currency
at notice
including one year
one year
2022 Apr. 155.3 151.7 3.6 – – 62,603.8 60,981.9 1,581.4 40.5 48,293.4
May 156.4 152.9 c – – 71,714.3 70,100.0 1,496.6 c 48,733.3
Jun. 143.8 140.2 c – – 81,813.4 80,164.7 1,532.0 c 51,804.8
Jul. 154.1 145.1 c – – 86,391.6 84,605.2 1,729.2 c 52,423.9
Aug. 135.3 126.4 c – – 80,152.2 78,297.0 1,780.9 c 52,612.0
Sep. 135.9 126.8 c – c 84,707.5 82,979.1 1,703.2 25.1 54,405.6
Oct. 144.1 136.5 c – – 92,237.9 90,308.9 1,778.4 c 51,977.1
Nov. 167.8 160.3 c – – 84,052.2 82,065.2 1,839.6 c 53,733.5
Dec. 144.8 137.3 c – – 71,555.2 69,359.4 2,185.6 10.2 54,953.3
2023 Jan. 151.6 144.3 c – – 100,082.1 97,911.3 2,142.6 28.2 53,768.8
Feb. 154.1 151.8 c – – 97,829.3 95,582.4 2,138.6 c 54,270.5
Mar. 174.0 171.7 c – – 101,286.4 99,052.4 2,148.5 c 54,381.1
Apr. 163.5 161.3 c – – 94,381.0 92,187.2 2,113.1 c 53,313.5

7.4. Domestic credit

Period Total LOANS TO THE PRIVATE SECTOR
Total lei
Total short-term medium-term long-term
Total, non-financial households* Total, non-financial households* Total, non-financial households*
of which: corporations of which: corporations of which: corporations
2019 Dec. 383,787.2 267,575.0 180,993.1 29,913.3 24,835.7 4,050.1 65,511.6 24,330.2 39,240.7 85,568.3 19,436.4 65,451.9
2020 Jan. 389,047.1 269,646.7 181,405.5 29,897.8 24,612.4 3,985.2 65,493.0 24,301.3 39,297.3 86,014.7 19,327.3 66,039.4
Feb. 385,756.1 271,057.1 181,627.7 29,249.0 24,425.1 3,872.3 65,611.1 23,880.7 39,784.6 86,767.6 19,412.1 66,752.1
Mar. 398,814.4 272,551.0 183,031.1 29,021.5 23,861.5 3,869.9 65,484.1 23,878.3 39,617.9 88,525.5 19,886.3 67,943.9
Apr. 401,214.4 271,124.4 181,925.4 27,758.5 22,835.5 3,665.7 63,145.0 23,840.7 37,362.6 91,021.9 20,106.7 70,182.0
May 405,344.2 269,146.8 181,157.1 26,921.4 22,320.9 3,654.1 60,912.9 23,419.0 35,594.5 93,322.7 20,381.2 72,214.5
Jun. 401,500.3 270,118.4 183,178.6 27,259.8 22,436.3 3,758.5 61,587.9 23,919.0 35,729.2 94,330.9 20,681.4 72,906.5
Jul. 405,671.9 272,164.3 185,597.3 26,965.5 21,918.6 4,017.4 63,316.1 25,405.2 36,115.2 95,315.8 20,733.5 73,850.8
Aug. 410,475.1 274,493.1 187,836.6 27,293.0 22,191.7 4,152.8 64,184.5 25,957.2 36,406.2 96,359.1 21,026.8 74,589.7
Sep. 411,757.6 277,500.3 190,251.9 27,152.6 21,936.1 4,204.6 65,765.3 27,259.2 36,728.6 97,334.0 21,226.1 75,350.4
Oct. 418,096.7 279,172.6 192,587.2 26,762.5 21,533.2 4,035.1 66,912.1 28,273.2 36,897.5 98,912.6 21,980.0 76,168.4
Nov. 422,925.5 281,001.0 194,788.1 26,717.9 21,578.0 3,863.9 67,879.5 29,151.6 37,003.1 100,190.7 22,282.7 77,134.4
Dec. 427,961.6 282,370.5 196,322.0 25,853.5 21,007.4 3,699.3 68,120.4 29,660.0 36,692.2 102,348.1 23,279.9 78,256.9
2021 Jan. 434,436.4 283,529.9 197,337.5 25,769.3 21,002.8 3,578.3 68,463.9 30,009.8 36,663.6 103,104.3 23,402.7 78,913.9
Feb. 440,992.3 285,542.9 199,636.2 26,127.1 21,349.8 3,507.3 69,116.1 30,379.9 36,986.2 104,393.1 23,991.5 79,582.9
Mar. 444,966.6 290,569.4 203,740.3 26,267.3 21,281.1 3,559.5 71,580.9 32,292.5 37,603.5 105,892.1 24,431.1 80,639.7
Apr. 451,735.1 293,559.1 206,428.8 26,790.6 21,658.4 3,515.9 72,346.8 32,390.7 38,339.8 107,291.4 24,782.6 81,613.9
May 457,148.5 296,269.3 209,139.4 26,823.3 21,746.7 3,570.9 73,781.8 32,926.4 39,161.7 108,534.2 24,997.4 82,631.5
Jun. 459,744.5 300,321.7 213,604.0 27,105.4 22,060.8 3,593.9 76,168.1 34,398.4 40,059.0 110,330.5 25,380.2 83,789.9
Jul. 466,248.4 306,589.9 217,870.7 27,763.9 22,584.3 3,770.0 78,371.2 35,736.8 40,928.4 111,735.6 25,427.8 85,201.2
Aug. 470,125.2 309,691.2 220,725.0 28,026.8 22,820.4 3,918.1 79,356.4 36,024.2 41,563.5 113,341.7 25,713.2 86,526.3
Sep. 477,245.3 314,569.8 225,288.6 28,941.5 23,606.2 3,995.0 80,842.3 37,142.9 41,987.9 115,504.8 26,614.7 87,783.4
Oct. 475,077.7 316,944.8 227,343.5 29,396.1 24,123.2 3,941.9 81,373.1 37,632.8 42,027.2 116,574.3 26,618.6 88,880.3
Nov. 480,419.5 321,980.5 231,717.8 30,657.2 25,334.8 3,927.4 82,666.7 38,846.7 42,044.9 118,393.9 27,214.0 90,011.8
Dec. 496,902.2 324,264.7 234,876.8 31,165.0 25,776.8 3,852.3 83,300.9 39,560.9 41,882.9 120,411.0 27,868.7 91,110.1
2022 Jan. 494,053.5 326,461.9 235,804.7 32,131.4 26,711.2 3,775.3 82,557.7 38,432.6 41,793.9 121,115.6 27,998.4 91,664.8
Feb. 497,480.8 330,765.8 239,789.4 34,123.3 28,707.1 3,731.4 83,365.3 38,803.3 42,209.3 122,300.8 28,244.8 92,590.2
Mar. 500,166.5 336,132.8 244,455.5 35,343.4 30,022.5 3,823.5 84,606.8 39,367.5 42,695.9 124,505.4 29,057.5 93,860.3
Apr. 505,068.7 339,883.5 246,799.9 35,960.2 30,901.9 3,785.0 85,523.8 39,805.1 43,090.6 125,315.8 29,002.2 94,604.4
May 509,232.1 345,273.9 251,036.6 36,373.0 31,163.3 3,938.9 88,099.4 41,295.7 44,007.6 126,564.3 29,372.2 95,502.4
Jun. 516,993.7 352,780.0 254,159.2 36,915.5 31,723.3 3,946.8 89,749.0 41,918.9 44,710.6 127,494.7 29,454.9 96,319.7
Jul. 524,957.0 358,174.1 257,138.9 37,973.6 32,645.7 4,113.7 91,515.7 43,297.5 45,119.7 127,649.6 29,171.3 96,778.4
Aug. 522,179.9 359,076.8 257,807.2 38,556.7 32,958.8 4,299.5 91,920.2 43,316.8 45,489.8 127,330.3 28,484.6 97,159.0
Sep. 529,959.3 364,780.8 257,592.3 38,298.6 32,535.0 4,379.3 91,900.6 43,293.3 45,742.3 127,393.1 28,024.0 97,454.0
Oct. 530,041.1 363,591.0 255,442.6 38,293.6 32,506.0 4,361.0 90,769.7 42,419.0 45,519.6 126,379.3 27,147.6 97,316.0
Nov. 536,466.5 364,425.1 253,007.2 36,976.6 31,313.0 4,389.0 90,341.2 41,843.6 45,571.0 125,689.4 26,481.6 97,402.1
Dec. 538,761.6 363,661.9 250,407.8 34,903.6 29,138.0 4,324.9 90,133.1 42,009.7 45,070.5 125,371.1 26,094.9 97,473.1
2023 Jan. 540,316.3 364,131.3 250,958.2 35,260.0 29,844.9 4,295.6 90,820.8 42,534.3 44,957.0 124,877.4 25,994.2 97,122.0
Feb. 540,419.7 365,839.5 249,998.1 34,278.5 28,886.1 4,214.0 91,510.5 43,233.2 44,963.4 124,209.1 25,577.3 96,867.3
Mar. 550,001.0 370,576.1 251,179.1 34,357.5 28,781.2 4,293.6 92,314.8 43,690.9 45,469.2 124,506.8 25,709.8 96,781.2
Apr. 554,456.7 369,900.0 250,813.1 34,814.6 29,377.9 4,207.2 91,974.1 43,577.0 45,261.4 124,024.5 25,403.2 96,558.6

Statistical Section
Period LOANS TO THE PRIVATE SECTOR (continued) GOVERNMENT

foreign currency CREDIT**
Total short-term medium-term long-term

Total, non-financial households* Total, non-financial households* Total, non-financial households*
of which: corporations of which: corporations of which: corporations
2019 Dec. 86,581.8 9,246.4 8,999.4 125.9 17,288.6 15,030.5 322.1 60,046.8 25,115.5 33,868.4 116,212.2
2020 Jan. 88,241.2 10,889.1 9,143.6 123.2 17,479.1 15,198.4 318.8 59,873.1 25,230.6 33,591.3 119,400.3
Feb. 89,429.5 11,282.1 9,422.5 124.4 18,051.2 15,626.2 320.4 60,096.2 25,491.0 33,564.5 114,699.0
Mar. 89,519.9 11,103.0 9,192.2 126.6 18,034.0 15,536.8 317.7 60,382.9 25,947.2 33,360.8 126,263.4
Apr. 89,199.0 10,698.2 8,712.9 126.0 17,925.7 15,399.9 317.8 60,575.1 26,218.2 33,235.9 130,090.0
May 87,989.7 9,633.1 8,474.1 117.3 17,695.6 15,134.7 316.7 60,661.1 26,607.5 32,931.4 136,197.4
Jun. 86,939.8 9,309.1 8,129.5 111.4 17,090.9 14,614.4 313.9 60,539.8 26,594.3 32,678.0 131,381.9
Jul. 86,567.0 9,118.5 8,019.7 109.6 17,089.6 14,584.3 307.4 60,358.9 26,711.6 32,275.4 133,507.6
Aug. 86,656.4 9,318.3 8,194.7 111.7 17,318.4 14,571.0 300.1 60,019.8 26,803.6 32,010.5 135,982.0
Sep. 87,248.4 9,370.3 8,266.1 112.2 17,894.6 15,044.4 292.4 59,983.5 26,845.4 31,892.5 134,257.3
Oct. 86,585.4 9,352.5 8,517.1 106.6 17,823.2 15,342.3 292.2 59,409.7 26,543.1 31,614.3 138,924.1
Nov. 86,213.0 9,414.4 8,545.3 103.3 16,866.5 14,398.6 287.4 59,932.1 27,394.5 31,236.9 141,924.5
Dec. 86,048.4 9,511.2 8,355.4 99.5 16,782.8 14,071.8 286.8 59,754.4 27,588.5 30,842.7 145,591.1
2021 Jan. 86,192.4 9,940.0 8,703.7 99.5 16,623.9 13,897.7 280.2 59,628.4 27,809.5 30,547.7 150,906.5
Feb. 85,906.7 9,930.1 8,665.7 98.7 16,746.8 13,952.3 275.6 59,229.7 27,877.2 30,156.2 155,449.4
Mar. 86,829.1 9,939.3 8,866.3 98.5 17,155.7 14,259.0 274.8 59,734.1 28,391.6 30,111.3 154,397.2
Apr. 87,130.3 10,665.3 9,328.6 100.9 17,396.2 14,466.6 272.3 59,068.8 28,168.3 29,728.4 158,176.0
May 87,129.9 10,482.3 9,301.8 82.5 17,621.0 14,331.8 265.9 59,026.6 28,498.5 29,386.7 160,879.2
Jun. 86,717.7 9,872.4 8,647.9 107.7 18,068.3 14,598.1 269.0 58,777.0 28,372.4 29,082.3 159,422.7
Jul. 88,719.2 10,952.0 9,586.3 105.8 18,284.6 14,957.2 268.7 59,482.6 29,020.4 28,745.5 159,658.4
Aug. 88,966.3 10,973.9 9,662.7 106.9 18,653.0 15,237.9 264.2 59,339.3 29,133.7 28,473.7 160,434.0
Sep. 89,281.2 11,179.6 9,730.1 108.1 18,895.0 15,360.3 264.6 59,206.7 29,280.6 28,167.3 162,675.5
Oct. 89,601.3 11,147.3 9,706.8 105.5 19,172.6 15,573.0 257.8 59,281.4 29,639.0 27,880.2 158,132.9
Nov. 90,262.7 11,226.7 9,968.9 105.0 19,561.4 15,903.0 247.9 59,474.7 30,035.5 27,560.0 158,439.0
Dec. 89,387.9 10,105.0 8,955.5 99.5 19,922.3 16,222.7 243.7 59,360.6 30,143.5 27,184.1 172,637.4
2022 Jan. 90,657.2 10,974.6 9,638.7 99.4 20,081.4 16,210.5 236.7 59,601.2 30,521.4 26,854.7 167,591.6
Feb. 90,976.4 11,125.8 9,956.2 100.0 20,294.6 16,423.2 234.9 59,556.0 30,696.6 26,611.0 166,715.0
Mar. 91,677.3 11,132.5 10,484.5 99.7 20,385.9 16,483.4 225.3 60,158.9 31,567.3 26,275.2 164,033.7
Apr. 93,083.6 11,996.0 11,163.2 100.6 20,789.0 16,621.1 223.3 60,298.6 31,874.4 26,018.1 165,185.2
May 94,237.3 12,425.9 11,517.7 102.1 21,090.0 16,863.8 219.3 60,721.4 32,470.7 25,711.1 163,958.1
Jun. 98,620.8 13,624.2 12,662.3 98.2 22,895.5 18,484.0 219.9 62,101.1 33,620.3 25,536.5 164,213.7
Jul. 101,035.2 14,602.6 13,712.3 96.9 23,531.3 19,049.5 205.2 62,901.3 34,561.5 25,320.0 166,782.9
Aug. 101,269.6 14,815.8 13,950.0 92.4 23,541.4 18,881.7 203.3 62,912.4 35,127.2 24,701.4 163,103.1
Sep. 107,188.5 17,642.8 16,763.1 93.9 24,641.4 19,830.4 213.0 64,904.3 36,700.5 24,981.3 165,178.5
Oct. 108,148.5 18,072.8 17,014.6 92.4 24,561.0 19,765.1 200.8 65,514.7 37,425.3 24,513.2 166,450.0
Nov. 111,417.9 19,415.2 18,544.0 91.8 25,621.6 20,529.3 191.0 66,381.0 38,444.8 24,358.0 172,041.4
Dec. 113,254.1 18,987.1 18,100.7 91.2 27,085.3 21,868.2 197.7 67,181.8 39,277.7 24,338.5 175,099.6
2023 Jan. 113,173.1 19,353.3 18,376.7 88.6 27,061.1 21,902.1 199.2 66,758.7 39,380.0 23,932.0 176,185.0
Feb. 115,841.4 20,734.3 19,621.8 90.1 27,659.5 22,068.2 208.0 67,447.7 40,273.1 23,733.7 174,580.2
Mar. 119,396.9 21,082.4 20,144.1 90.5 29,585.9 23,387.3 218.5 68,728.6 41,742.1 23,630.7 179,425.0
Apr. 119,086.8 20,931.3 20,013.2 90.5 29,382.3 23,172.8 222.0 68,773.2 42,127.5 23,378.4 184,556.7
**) debt securities included.
Note: The outstanding loans at the end of the reported month do not include the accrued interest receivable.

7.5. Loans to households*

Period Total by currency by destination and currency
lei EUR other currency Housing loans
Total lei EUR other currency
2022 Apr. 167,822.0 141,480.1 24,013.7 2,328.2 103,679.8 85,453.7 16,878.1 1,348.0
May 169,481.4 143,448.9 23,747.1 2,285.5 104,443.9 86,418.1 16,702.2 1,323.6
Jun. 170,831.6 144,977.1 23,533.7 2,320.8 105,200.0 87,284.0 16,570.9 1,345.2
Jul. 171,633.9 146,011.8 23,268.5 2,353.5 105,575.2 87,798.5 16,411.7 1,365.0
Aug. 171,945.5 146,948.4 22,714.9 2,282.3 105,509.7 88,152.1 16,032.4 1,325.2
Sep. 172,863.9 147,575.6 22,947.8 2,340.4 106,104.4 88,524.3 16,218.2 1,362.0
Oct. 172,002.9 147,196.6 22,591.3 2,215.0 105,876.4 88,600.4 15,985.8 1,290.2
Nov. 172,002.8 147,362.1 22,442.3 2,198.4 105,960.5 88,755.9 15,919.2 1,285.4
Dec. 171,496.0 146,868.6 22,444.0 2,183.4 106,169.2 88,926.3 15,964.5 1,278.4
2023 Jan. 170,594.4 146,374.6 22,115.0 2,104.8 105,613.6 88,630.5 15,748.8 1,234.3
Feb. 170,076.6 146,044.8 21,932.7 2,099.1 105,333.6 88,469.7 15,631.3 1,232.6
Mar. 170,483.8 146,544.1 21,862.4 2,077.4 105,265.8 88,442.5 15,603.4 1,220.0
Apr. 169,718.1 146,027.2 21,607.5 2,083.4 104,940.4 88,279.5 15,438.6 1,222.3
Period by destination and currency (continued)

Consumer loans and loans for other purposes
Total lei EUR other currency
2022 Apr. 64,142.2 56,026.4 7,135.6 980.2
May 65,037.5 57,030.8 7,044.9 961.9
Jun. 65,631.6 57,693.1 6,962.8 975.7
Jul. 66,058.7 58,213.3 6,856.8 988.6
Aug. 66,435.9 58,796.3 6,682.5 957.1
Sep. 66,759.5 59,051.3 6,729.7 978.4
Oct. 66,126.5 58,596.2 6,605.5 924.8
Nov. 66,042.3 58,606.2 6,523.1 913.0
Dec. 65,326.8 57,942.2 6,479.5 905.1
2023 Jan. 64,980.8 57,744.0 6,366.2 870.5
Feb. 64,742.9 57,575.1 6,301.3 866.6
Mar. 65,218.0 58,101.6 6,259.0 857.4
Apr. 64,777.7 57,747.8 6,168.8 861.1
*) include non-profit institutions serving households. a a a a
Note: The outstanding loans at the end of the reported month do not include the accrued interest
receivable. The outstanding loans at the end of the reported month include non-performing
loans. a a a

Statistical Section
7.6. Loans to non-financial corporations, financial corporations other than MFIs, general government and non-residents
Period LOANS TO NON-FINANCIAL CORPORATIONS
Total Lei EUR Other currency
Total with maturity Total with maturity Total with maturity
of up to and longer than longer than of up to and longer than longer than of up to and longer than longer than
including one year and of five years including one year and of five years including one year and of five years
one year up to and one year up to and one year up to and
including including including
five years five years five years
2022 Apr. 159,367.7 99,709.2 30,901.9 39,805.1 29,002.2 55,596.2 8,807.9 15,676.7 31,111.5 4,062.4 2,355.3 944.3 762.9
May 162,683.4 101,831.2 31,163.3 41,295.7 29,372.2 57,028.7 9,264.9 16,084.3 31,679.4 3,823.5 2,252.8 779.5 791.2
Jun. 167,863.7 103,097.2 31,723.3 41,918.9 29,454.9 60,507.1 10,037.2 17,668.6 32,801.4 4,259.4 2,625.1 815.4 818.9
Jul. 172,437.7 105,114.5 32,645.7 43,297.5 29,171.3 63,570.3 11,611.5 18,219.0 33,739.8 3,752.9 2,100.7 830.5 821.7
Aug. 172,719.2 104,760.3 32,958.8 43,316.8 28,484.6 64,244.4 11,836.1 18,186.6 34,221.6 3,714.6 2,113.8 695.1 905.6
Sep. 177,146.4 103,852.3 32,535.0 43,293.3 28,024.0 68,746.3 13,906.5 19,072.6 35,767.2 4,547.8 2,856.7 757.8 933.3
Oct. 176,277.5 102,072.5 32,506.0 42,419.0 27,147.6 70,740.4 15,004.0 19,070.4 36,665.9 3,464.6 2,010.5 694.7 759.4
Nov. 177,156.4 99,638.2 31,313.0 41,843.6 26,481.6 74,073.1 16,532.6 19,824.2 37,716.2 3,445.1 2,011.4 705.1 728.6
Dec. 176,489.1 97,242.6 29,138.0 42,009.7 26,094.9 76,629.4 16,702.4 21,183.6 38,743.4 2,617.2 1,398.3 684.6 534.3
2023 Jan. 178,032.2 98,373.4 29,844.9 42,534.3 25,994.2 76,774.7 16,670.6 21,348.0 38,756.0 2,884.2 1,706.1 554.0 624.0
Feb. 179,659.8 97,696.7 28,886.1 43,233.2 25,577.3 78,623.8 17,623.1 21,458.6 39,542.1 3,339.3 1,998.7 609.6 731.0
Mar. 183,455.5 98,181.9 28,781.2 43,690.9 25,709.8 81,603.1 17,978.9 22,665.5 40,958.7 3,670.5 2,165.2 721.9 783.4
Apr. 183,671.6 98,358.1 29,377.9 43,577.0 25,403.2 81,657.8 17,813.5 22,243.8 41,600.5 3,655.7 2,199.8 929.0 527.0
Period LOANS TO FINANCIAL CORPORATIONS OTHER THAN MFIs LOANS TO GENERAL GOVERNMENT LOANS TO
Total Insurance corporations and Other financial intermediaries* Total Central Local Social NON-RESIDENTS
pension funds government government security funds
Total, with maturity Total, with maturity

of which: of up to and of which: of up to and
including including
one year one year
2022 Apr. 12,693.7 c c 12,673.3 1,985.2 20,706.5 c 10,775.8 c 118,540.5

May 13,109.2 c c 13,088.7 2,056.4 20,859.7 c 10,797.3 c 116,069.0
Jun. 14,084.7 c c 14,064.2 2,088.6 21,069.5 c 10,823.9 c 115,373.0
Jul. 14,102.4 c c 14,082.0 1,987.2 21,157.1 c 10,962.4 c 117,117.3
Aug. 14,412.1 c c 14,391.9 2,051.6 21,175.0 c 11,065.8 c 112,684.6
Sep. 14,770.5 0.1 0.1 14,770.4 2,170.0 21,409.2 c 11,122.3 c 114,504.3
Oct. 15,310.6 0.0 0.0 15,310.5 2,392.4 21,372.4 c 11,353.6 c 112,560.5
Nov. 15,265.9 c c 15,265.9 2,054.0 21,383.2 c 11,550.5 c 107,544.2
Dec. 15,676.8 c c 15,676.7 2,235.8 30,676.9 16,877.9 13,728.0 c 117,583.6
2023 Jan. 15,504.7 c c 15,500.1 2,002.8 22,343.5 c 12,649.7 c 140,065.4
Feb. 16,103.2 c c 16,103.2 2,200.6 22,270.9 c 12,623.0 0.0 134,183.9
Mar. 16,636.7 c c 16,636.7 2,130.5 22,294.0 c 12,615.4 c 122,145.9
Apr. 16,510.3 c c 16,510.3 2,057.1 25,004.5 12,348.6 12,655.8 c 115,568.9
*) financial auxiliaries included.
Note: The outstanding loans at the end of the reported month do not include the accrued interest receivable.

8. ASSETS AND LIABILITIES OF NON-MMF INVESTMENT FUNDS

8.1. Balance sheet
Period Total Assets Liabilities,
Assets/ Liabilities Deposit and Debt securities Equity (excluding IFs IFs shares/units Non-financial assets Remaining assets of which:
loan claims shares/units) IFs shares/units
2019 48,212.8 5,828.2 17,319.0 21,028.8 3,789.4 67.1 180.3 46,245.0

2020 42,743.6 4,830.2 15,573.0 18,582.1 3,496.4 59.8 202.1 40,974.3
2021 51,873.2 5,570.1 16,082.5 25,138.7 4,662.3 64.3 355.3 48,963.9
2022 42,928.8 4,406.3 9,599.0 24,714.4 3,767.7 95.6 345.8 41,738.7
2022 Apr. 50,605.3 5,608.9 12,579.0 26,519.8 4,222.3 87.7 1,587.7 48,048.4
May 49,513.3 5,542.7 11,765.3 26,311.7 4,297.8 85.5 1,510.2 47,195.0
Jun. 47,806.1 5,120.2 11,021.2 26,863.4 4,090.3 83.5 627.5 46,049.7
Jul. 47,335.0 4,634.0 10,923.8 27,042.2 4,072.7 83.1 579.3 45,773.8
Aug. 46,607.5 4,454.3 10,288.4 26,833.3 4,142.6 83.1 805.8 45,245.2
Sep. 44,139.8 4,626.7 9,941.9 25,217.6 3,852.2 83.8 417.6 42,792.0
Oct. 43,808.3 4,259.8 9,734.3 25,397.9 3,757.6 84.0 574.8 42,379.0
Nov. 43,465.4 3,821.2 9,865.5 25,431.6 3,848.9 93.5 404.6 42,301.4
Dec. 42,928.8 4,406.3 9,599.0 24,714.4 3,767.7 95.6 345.8 41,738.7
2023 Jan. 43,461.6 4,466.6 9,542.1 25,031.6 3,742.3 99.1 579.9 42,058.6
Feb. 43,664.6 4,364.0 9,524.6 25,246.5 3,876.5 100.3 552.7 42,278.8
Mar. 42,730.0 3,822.8 9,684.6 25,021.8 3,775.8 101.0 324.1 41,453.3
Apr. 43,450.0 3,762.0 9,650.0 24,882.6 3,859.9 100.9 1,194.5 41,924.5
Note: The accrued interest receivable/payable related to loans and deposits is recorded under remaining assets/remaining liabilities.
The value of debt securities held includes the related claim.

Statistical Section
8.2. Securities other than shares

Period Lei-denominated
Total with original maturity ≤ 1 year with original maturity > 1 year and ≤ 2 years
Total residents non-residents Total residents non-residents
Total, MFIs General Total, Euro zone Total, MFIs General Total, Euro zone
of which: government of which: of which: government of which:
2019 6,902.1 83.7 2.9 – 2.9 80.8 c 309.6 c – c 307.5 143.1

2020 8,087.7 120.0 94.3 – 94.3 25.8 – 69.4 36.6 – 36.6 c c
2021 8,587.8 433.8 257.9 – 257.9 175.9 87.7 243.2 69.9 – 69.9 173.3 c
2022 5,353.1 121.6 32.7 – 32.7 89.0 c 118.4 19.6 – 19.6 98.9 –
2022 Apr. 6,905.3 320.9 99.9 – 99.2 221.0 147.2 195.4 73.9 – 73.9 121.6 c
May 6,425.2 303.6 90.9 – 90.9 212.7 132.8 194.0 74.0 – 74.0 119.9 c
Jun. 6,125.4 278.4 81.5 – 81.5 196.9 133.3 183.9 74.2 – 74.2 109.7 –
Jul. 6,035.0 254.6 72.6 – 72.6 182.0 124.7 182.9 73.9 – 73.9 109.1 –
Aug. 5,735.2 293.0 109.5 – 109.5 183.5 125.8 125.9 19.2 – 19.2 106.6 –
Sep. 5,528.2 257.6 71.1 – 71.1 186.5 126.4 126.1 19.3 – 19.3 106.8 –
Oct. 5,439.9 258.5 65.2 – 65.2 193.3 126.1 119.8 19.5 – 19.5 100.3 –
Nov. 5,492.4 209.0 29.2 – 29.2 179.8 109.0 117.8 19.5 – 19.5 98.3 –
Dec. 5,353.1 121.6 32.7 – 32.7 89.0 c 118.4 19.6 – 19.6 98.9 –
2023 Jan. 5,035.0 121.1 49.4 – 49.4 71.7 – 119.0 19.6 – 19.6 99.4 –
Feb. 5,138.7 96.9 29.0 – 29.0 67.9 – 119.6 19.7 – 19.7 100.0 –
Mar. 5,176.7 87.5 19.1 – 19.1 68.4 – 120.3 19.9 – 19.9 100.4 –
Apr. 5,111.7 92.6 23.8 – 23.8 68.8 – 133.7 36.4 – 36.4 97.4 –
Note: The value of debt securities held includes the related claim.
Period Lei-denominated (continued) EUR-denominated

with original maturity > 2 years Total, with original maturity > 2 years
Total residents of which: residents
non-residents
Total, MFIs General Total, Euro zone Total, Total, MFIs General
of which: government of which: of which: of which: government
2019 6,508.8 4,152.4 512.3 3,587.3 2,356.5 1,606.5 9,799.6 9,761.5 6,963.8 95.6 6,793.1
2020 7,898.3 6,008.4 333.0 5,624.7 1,889.8 1,287.4 7,048.0 7,025.6 5,293.6 53.8 5,061.4
2021 7,910.8 6,354.5 780.4 5,508.7 1,556.3 1,215.5 6,942.8 6,920.0 5,575.5 99.3 5,158.0
2022 5,113.0 4,176.2 775.9 3,343.0 936.9 809.9 4,037.8 3,951.7 3,140.5 55.7 2,852.9
2022 Apr. 6,388.9 5,128.6 804.5 4,259.0 1,260.4 937.9 5,300.5 5,278.1 4,117.0 93.6 3,710.1
May 5,927.7 4,680.8 797.6 3,822.1 1,246.8 938.6 4,957.3 4,935.5 3,895.1 87.1 3,515.1
Jun. 5,663.1 4,456.4 796.9 3,601.1 1,206.7 900.4 4,604.1 4,581.8 3,583.4 87.1 3,217.5
Jul. 5,597.5 4,403.9 773.5 3,572.4 1,193.6 886.1 4,609.8 4,586.7 3,595.3 78.7 3,237.0
Aug. 5,316.3 4,161.1 721.5 3,381.4 1,155.3 849.5 4,263.1 4,239.0 3,326.3 77.6 2,998.5
Sep. 5,144.5 4,008.4 742.8 3,207.2 1,136.1 831.4 4,126.8 4,122.9 3,217.5 77.2 2,890.4
Oct. 5,061.6 3,928.8 746.6 3,126.6 1,132.8 829.7 4,072.0 4,063.3 3,193.5 76.8 2,867.6
Nov. 5,165.6 4,202.5 754.1 3,390.7 963.1 810.7 4,154.6 4,092.9 3,275.5 54.6 2,969.5
Dec. 5,113.0 4,176.2 775.9 3,343.0 936.9 809.9 4,037.8 3,951.7 3,140.5 55.7 2,852.9
2023 Jan. 4,794.9 3,895.4 812.5 3,026.5 899.5 772.3 4,300.3 4,181.5 3,409.1 95.0 3,080.0
Feb. 4,922.1 4,070.0 817.6 3,196.1 852.1 731.2 4,177.5 3,957.4 3,162.2 95.3 2,835.1
Mar. 4,968.9 4,115.6 813.3 3,246.4 853.3 731.7 4,309.9 4,009.6 3,229.1 96.3 2,899.8
Apr. 4,885.4 4,045.2 808.4 3,181.7 840.2 734.6 4,356.2 4,017.7 3,239.6 132.7 2,873.5
Note: The value of debt securities held includes the related claim.

8.3. Shares and other equity

Period residents non-residents
Total, MFIs Other financial Insurance Non-financial Total, Euro zone
of which: intermediaries, financial corporations and corporations of which:
auxiliaries, captive pension funds
financial institutions and
money lenders
2019 20,235.2 3,992.1 152.4 – 16,090.6 793.6 617.3

2020 17,658.5 3,732.4 143.3 – 13,782.8 923.6 810.4
2021 23,873.2 4,734.8 187.1 – 18,944.8 1,265.5 986.4
2022 23,676.0 3,865.7 249.8 – 19,212.3 1,038.3 823.6
2022 Apr. 25,382.3 4,387.1 231.0 – 20,757.5 1,137.5 845.6

May 25,171.5 4,331.3 226.4 – 20,607.1 1,140.2 837.4
Jun. 25,773.7 3,871.1 230.2 – 21,666.3 1,089.7 812.0
Jul. 25,928.1 3,886.8 227.8 – 21,807.7 1,114.1 826.3
Aug. 25,774.2 3,902.8 223.8 – 21,641.3 1,059.1 768.6
Sep. 24,132.7 3,284.9 231.8 – 20,610.2 1,084.9 805.6
Oct. 24,336.6 3,348.8 243.7 – 20,738.5 1,061.3 772.2
Nov. 24,374.4 3,961.1 243.6 – 20,162.1 1,057.3 823.6
Dec. 23,676.0 3,865.7 249.8 – 19,212.3 1,038.3 823.6
2023 Jan. 23,946.7 3,896.7 266.2 – 19,434.2 1,084.9 868.3
Feb. 24,098.2 3,827.5 281.1 – 19,641.0 1,148.3 933.3
Mar. 23,912.8 3,686.4 298.2 – 19,585.4 1,109.0 901.9
Apr. 23,748.5 3,676.6 296.2 – 19,435.4 1,134.0 926.2
Period Quoted shares, issued by:

Total residents non-residents
Total, MFIs Other financial Non-financial Total, Euro zone
of which: intermediaries, financial corporations of which:
auxiliaries, captive
financial institutions and
money lenders
2019 11,754.5 10,961.1 3,941.8 83.6 6,935.7 793.4 617.2
2020 9,955.2 9,031.8 3,680.3 79.3 5,272.3 923.4 810.2
2021 13,002.7 11,737.4 4,681.6 111.2 6,938.1 1,265.3 986.2
2022 10,024.6 8,986.3 3,858.5 147.3 4,930.9 1,038.3 823.6
2022 Apr. 11,455.5 10,318.2 4,335.1 118.9 5,857.5 1,137.3 845.4

May 11,249.0 10,109.0 4,279.8 114.3 5,708.3 1,140.0 837.2
Jun. 10,790.4 9,700.7 3,819.2 118.4 5,757.0 1,089.7 812.0
Jul. 10,985.3 9,871.2 3,834.7 116.0 5,914.8 1,114.1 826.3
Aug. 10,799.9 9,740.8 3,895.3 121.8 5,717.3 1,059.1 768.6
Sep. 9,777.3 8,692.3 3,277.7 130.1 5,278.7 1,084.9 805.6
Oct. 9,959.4 8,898.0 3,341.5 141.3 5,409.6 1,061.3 772.2
Nov. 10,855.0 9,797.7 3,953.9 141.2 5,695.0 1,057.3 823.6
Dec. 10,024.6 8,986.3 3,858.5 147.3 4,930.9 1,038.3 823.6
2023 Jan. 10,388.6 9,303.7 3,887.3 163.8 5,201.8 1,084.9 868.3
Feb. 10,554.9 9,406.6 3,818.1 168.5 5,370.1 1,148.3 933.3
Mar. 10,316.7 9,207.7 3,676.9 186.5 5,300.2 1,109.0 901.9
Apr. 10,385.0 9,251.0 3,667.1 184.5 5,357.8 1,134.0 926.2

Statistical Section
8.4. Money market fund shares/units

Period residents non-residents
Total MFIs Other financial Insurance General Non-financial Households** Total, Euro zone
intermediaries and corporations and government corporations of which:
financial auxiliaries* pension funds
2019 38,148.4 752.5 4,928.9 4,616.6 24.2 3,064.6 24,761.6 8,096.7 1,713.9
2020 34,923.8 817.5 4,693.6 4,750.4 27.0 2,904.3 21,731.0 6,050.5 1,382.1
2021 41,952.0 925.0 5,818.5 5,954.8 32.9 3,659.9 25,561.0 7,011.8 1,602.9
2022 35,991.0 925.7 5,867.8 5,920.6 1,050.1 2,269.8 19,957.0 5,747.7 1,232.0
2022 Apr. 40,581.1 918.6 6,168.2 6,065.7 969.4 3,323.8 23,135.4 7,467.4 1,587.2
May 39,688.5 916.1 6,115.8 6,019.5 1,064.4 3,057.7 22,514.9 7,506.5 1,595.5
Jun. 38,878.6 888.1 5,935.7 6,263.3 1,129.7 2,899.3 21,762.5 7,171.1 1,482.5
Jul. 38,895.9 902.3 5,930.8 6,417.5 1,144.2 2,843.3 21,657.7 6,877.9 1,620.3
Aug. 38,465.9 914.2 5,907.8 6,411.8 1,144.0 2,721.1 21,367.0 6,779.3 1,575.6
Sep. 36,510.1 895.3 5,569.7 6,119.3 1,092.3 2,523.6 20,309.9 6,281.9 1,340.8
Oct. 36,111.7 910.4 5,628.7 6,144.3 1,095.7 2,380.5 19,951.9 6,267.3 1,340.8
Nov. 36,437.6 925.7 6,006.9 5,898.8 1,047.4 2,368.2 20,190.5 5,863.8 1,233.9
Dec. 35,991.0 925.7 5,867.8 5,920.6 1,050.1 2,269.8 19,957.0 5,747.7 1,232.0
2023 Jan. 36,379.6 923.8 5,999.3 5,993.6 1,053.6 2,303.9 20,105.5 5,679.0 1,363.7
Feb. 36,592.1 931.3 6,078.2 5,981.7 1,056.7 2,289.8 20,254.4 5,686.6 1,374.2
Mar. 36,218.8 927.9 5,955.8 5,909.7 1,059.5 2,269.3 20,096.6 5,234.5 1,260.8
Apr. 36,715.3 935.4 5,991.2 6,083.2 1,077.6 2,291.1 20,336.7 5,209.2 1,315.6
*) The position "Other financial intermediaries and financial auxiliaries" includes investment funds, other financial intermediaries, financial auxiliaries, captive financial institutions
and money lenders.
**) include non-profit institutions serving households.

9. ASSETS AND LIABILITIES OF NON-BANK FINANCIAL INSTITUTIONS

IN THE GENERAL REGISTER
9.1. Balance sheet structure dynamics
Period Total Assets Liabilities
Assets/Liabilities Loans Deposits placed Remaining assets Capital and reserves Loans taken Remaining liabilities
2018 Mar. 36,196.5 27,989.7 2,665.3 5,541.5 9,304.1 24,759.4 2,132.9
Jun. 38,159.9 29,713.0 2,561.9 5,885.0 9,448.9 26,390.7 2,320.3
Sep. 39,112.1 30,490.6 2,747.2 5,874.3 9,603.4 27,124.1 2,384.6
Dec. 39,644.9 30,829.1 2,746.2 6,069.7 9,801.2 27,581.7 2,262.1
2019 Mar. 40,556.9 32,020.1 2,313.6 6,223.2 10,005.1 28,152.1 2,399.8
Jun. 41,798.7 33,228.2 2,382.3 6,188.2 9,810.7 29,606.7 2,381.3
Sep. 43,287.0 34,148.9 3,064.7 6,073.3 10,212.2 30,494.5 2,580.3
Dec. 44,245.6 34,402.5 3,799.1 6,044.0 10,366.3 29,784.2 4,095.1
2020 Mar. 44,178.9 35,105.1 3,171.2 5,902.6 10,465.3 29,579.3 4,134.3
Jun. 44,361.5 35,228.0 2,809.2 6,324.3 10,660.3 29,488.3 4,212.9
Sep. 44,471.7 35,245.6 2,958.3 6,267.9 11,052.1 29,108.2 4,311.5
Dec. 44,071.6 35,195.7 2,936.7 5,939.2 11,223.0 28,759.5 4,089.0
2021 Mar. 44,830.4 36,057.6 2,478.3 6,294.5 11,531.8 28,938.7 4,359.9
Jun. 46,478.1 37,594.7 2,337.2 6,546.2 11,610.8 30,299.8 4,567.6
Sep. 47,221.8 37,914.0 2,639.6 6,668.2 11,976.7 30,568.1 4,677.0
Dec. 47,434.9 38,060.7 3,100.2 6,274.1 12,128.9 30,808.4 4,497.7
2022 Mar. 48,738.2 39,197.7 3,329.9 6,210.6 12,383.9 31,752.1 4,602.1
Jun. 50,979.2 41,060.6 3,245.4 6,673.3 12,117.4 34,024.2 4,837.7
Sep. 52,181.8 42,321.5 3,377.5 6,482.8 12,242.1 34,916.0 5,023.8
Dec. 54,327.1 43,799.2 4,329.4 6,198.5 12,419.2 38,311.9 3,596.0
Note: Data are provisional and will be final 6 months after the reporting date.
The accrued interest receivable/payable related to loans/deposits is recorded under remaining assets/remaining liabilities.
9.2. Balance sheet structure as at 31 December 2022 by type of non-bank financial institutions in the General Register
Total Assets Liabilities
General Register section Loans Deposits placed Remaining assets Capital and Loans taken Remaining
reserves liabilities
General Register - Total, of which: 54,327.1 43,799.2 4,329.4 6,198.5 12,419.2 38,311.9 3,596.0
Consumer loans c c c c c c c
Housing and/or real-estate loans – – – – – – –
Micro-loans – – – – – – –
Financing of commercial transactions – – – – – – –
Factoring – – – – – – –
Discounting – – – – – – –
Forfeiting – – – – – – –
Financial leasing 1,035.3 859.2 41.6 134.4 110.4 871.9 53.0
Issue of collateral and assumption of
commitments, including loan collateralisation c c c c c c c
Other financing means in the form of loans – – – – – – –
Multiple lending activities 52,239.3 42,929.6 3,711.3 5,598.4 12,225.7 36,562.9 3,450.7
The accrued interest receivable/payable related to loans/deposits is recorded under remaining assets/remaining liabilities.

Statistical Section
9.3. Loans to households

Period Loans Housing loans
Total lei EUR other currency Total lei EUR other currency
2018 Mar. 6,250.5 5,590.6 553.8 106.0 129.7 16.1 22.2 91.4
Jun. 6,702.1 6,007.7 586.7 107.7 129.5 13.9 21.7 93.9
Sep. 6,998.3 6,371.0 520.7 106.5 128.0 14.3 21.2 92.5
Dec. 7,351.2 6,677.8 567.0 106.3 123.6 12.7 c c
2019 Mar. 7,409.5 6,727.3 573.7 108.5 125.3 13.2 c c
Jun. 7,702.8 7,007.6 589.2 106.0 117.3 9.2 c c
Sep. 7,971.1 7,258.6 605.8 106.7 121.1 13.5 c c
Dec. 8,237.2 7,517.0 618.8 101.4 115.7 13.7 c c
2020 Mar. 8,288.2 7,520.4 665.1 102.7 117.4 14.6 c c
Jun. 8,143.6 7,383.1 661.5 99.0 114.9 15.4 c c
Sep. 8,199.8 7,435.1 674.1 90.5 106.8 15.7 c c
Dec. 8,233.7 7,487.2 660.8 85.7 101.3 16.1 c c
2021 Mar. 8,292.7 7,513.8 692.2 86.7 102.7 16.5 c c
Jun. 8,620.3 7,810.4 728.5 81.3 96.8 16.6 c c
Sep. 8,747.5 7,909.0 757.9 80.6 98.5 18.9 c c
Dec. 8,873.7 8,026.9 766.0 80.7 97.4 19.3 c c
2022 Mar. 9,003.4 8,130.8 793.3 79.2 94.8 19.6 c c
Jun. 9,287.5 8,370.4 835.9 81.2 98.4 21.4 c c
Sep. 9,547.5 8,569.6 894.4 83.4 100.4 22.1 c c
Dec. 9,944.5 8,932.8 937.4 74.2 92.1 22.5 c c
Period Consumer loans Loans for other purposes

Total lei EUR other currency Total lei EUR other currency
2018 Mar. 5,378.5 5,062.5 314.5 1.5 742.3 512.0 217.2 13.1
Jun. 5,740.7 5,416.0 323.3 1.3 831.9 577.8 241.6 12.5
Sep. 6,090.0 5,822.1 266.7 1.1 780.3 534.6 232.9 12.9
Dec. 6,376.9 6,104.1 271.6 1.0 850.7 561.0 276.9 12.9
2019 Mar. 6,343.3 6,071.2 271.1 1.0 940.9 642.8 284.9 13.2
Jun. 6,588.2 6,336.1 250.7 1.4 997.3 662.3 322.1 12.9
Sep. 6,850.4 6,599.9 249.2 1.3 999.5 645.2 340.9 13.4
Dec. 7,054.1 6,805.7 247.2 1.1 1,067.5 697.6 356.7 13.2
2020 Mar. 6,985.9 6,725.4 259.3 1.0 1,185.0 780.4 391.0 13.6
Jun. 6,807.6 6,558.8 248.0 0.9 1,221.2 808.9 398.7 13.5
Sep. 6,901.9 6,647.4 253.8 0.7 1,191.1 772.0 405.7 13.4
Dec. 6,928.2 6,674.4 253.1 0.6 1,204.2 796.7 394.2 13.3
2021 Mar. 6,883.6 6,627.0 256.0 0.6 1,306.4 870.2 423.1 13.1
Jun. 7,130.9 6,869.1 261.3 0.5 1,392.5 924.7 454.6 13.2
Sep. 7,267.5 7,004.6 262.4 0.4 1,381.6 885.5 482.8 13.3
Dec. 7,353.6 7,091.0 262.1 0.4 1,422.8 916.6 c c
2022 Mar. 7,375.2 7,109.2 265.7 0.4 1,533.3 1,002.1 c c
Jun. 7,528.9 7,257.6 270.9 0.3 1,660.2 1,091.3 c c
Sep. 7,691.1 7,411.5 279.3 0.3 1,756.0 1,136.1 c c
Dec. 8,072.6 7,768.2 304.1 0.2 1,779.9 1,142.2 c c

9.4. Loans to non-financial corporations, other institutional sectors* and non-residents

Period Loans to non-financial corporations
Total lei EUR
Total with maturity of with maturity with maturity Total with maturity of with maturity with maturity
up to and longer than one longer than up to and longer than one longer than
including year and up to five years including year and up to five years
one year and including five one year and including five
years years
2018 Mar. 21,452.8 4,773.5 1,537.3 2,508.5 727.7 16,643.0 760.2 11,274.5 4,608.4
Jun. 22,753.0 5,126.5 1,740.7 2,592.5 793.2 17,589.7 781.2 12,084.2 4,724.3
Sep. 23,256.8 4,842.6 1,413.5 2,639.9 789.3 18,378.7 1,202.4 12,177.5 4,998.8
Dec. 23,211.8 4,790.8 1,441.0 2,597.8 752.0 18,386.4 1,231.6 12,620.8 4,534.0
2019 Mar. 24,391.1 4,972.1 1,544.8 2,661.0 766.3 19,384.2 1,238.7 13,448.8 4,696.7
Jun. 25,271.4 5,133.8 1,570.4 2,777.2 786.3 20,104.4 1,232.0 14,094.5 4,777.9
Sep. 25,896.4 5,059.4 1,667.9 2,596.4 795.0 20,835.7 1,267.3 14,574.4 4,994.0
Dec. 25,885.1 4,941.0 1,381.7 2,805.5 753.8 20,942.5 859.3 15,097.4 4,985.8
2020 Mar. 26,483.1 5,072.3 1,490.2 2,780.4 801.7 21,405.7 936.0 15,282.3 5,187.5
Jun. 26,756.5 5,012.1 1,431.3 2,674.6 906.1 21,739.5 871.8 14,064.6 6,803.1
Sep. 26,723.6 4,764.4 1,266.8 2,583.3 914.4 21,951.6 740.9 14,495.3 6,715.4
Dec. 26,645.1 4,784.6 1,366.9 2,472.4 945.3 21,847.3 736.0 14,369.0 6,742.4
2021 Mar. 27,417.2 4,949.8 1,499.8 2,505.8 944.2 22,449.1 796.0 14,817.6 6,835.5
Jun. 28,577.6 5,280.1 1,584.0 2,725.7 970.5 23,277.5 708.1 15,508.1 7,061.3
Sep. 28,741.9 5,184.4 1,478.9 2,704.6 1,000.9 23,532.8 721.6 15,932.4 6,878.8
Dec. 28,743.2 5,355.0 1,640.1 2,703.2 1,011.8 23,359.1 663.8 15,863.3 6,832.0
2022 Mar. 29,738.6 5,664.9 1,793.8 2,826.3 1,044.9 24,039.7 780.5 16,338.6 6,920.7
Jun. 31,315.0 5,957.1 1,904.9 3,006.2 1,046.0 25,319.1 882.1 17,185.2 7,251.8
Sep. 32,340.6 6,057.2 2,018.0 3,029.6 1,009.6 26,242.1 1,016.4 17,868.4 7,357.3
Dec. 33,389.9 6,092.7 2,051.3 3,098.8 942.7 27,254.4 1,141.5 18,779.2 7,333.7
Period Loans to non-financial corporations (continued) Loans to other institutional sectors Loans to
other currency Total lei EUR other currency non-residents
Total with maturity of with maturity with maturity

up to and longer than one longer than
including year and up to and five years
one year including
five years
2018 Mar. 36.3 c 36.3 c 241.2 76.7 c c 45.1

Jun. 36.9 c 36.7 c 217.1 79.9 c c 40.7
Sep. 35.4 c 35.3 c 198.0 77.5 c c 37.5
Dec. 34.6 c 34.3 c 205.3 84.8 c c 60.7
2019 Mar. 34.7 0.3 34.4 0.0 169.3 56.7 c c 50.3
Jun. 33.1 0.2 32.8 0.0 214.4 55.8 158.6 0.0 39.6
Sep. 1.3 c c 0.0 216.2 53.5 162.7 0.0 65.3
Dec. 1.6 0.0 1.5 0.0 223.1 51.1 172.0 0.0 57.1
2020 Mar. 5.2 0.0 5.1 0.0 263.8 58.9 204.8 0.0 70.1
Jun. 4.9 0.0 4.8 0.0 246.0 52.2 193.8 0.0 81.9
Sep. 7.6 0.0 7.5 0.0 229.7 51.7 177.9 0.0 92.5
Dec. 13.2 0.0 13.2 0.0 235.4 50.5 184.8 0.0 81.5
2021 Mar. 18.3 0.0 18.2 0.0 239.2 51.0 188.2 0.0 108.5
Jun. 19.9 0.0 19.8 0.0 246.1 52.9 193.2 0.0 150.8
Sep. 24.7 0.0 24.7 0.0 245.3 52.3 193.0 0.0 179.2
Dec. 29.1 0.0 29.1 0.0 241.7 54.0 187.7 0.0 202.1
2022 Mar. 34.0 0.0 33.9 0.0 245.0 56.2 188.8 0.0 210.7
Jun. 38.7 c 13.7 c 213.4 62.8 150.6 0.0 244.7
Sep. 41.3 c 14.5 c 191.4 54.4 137.0 0.0 242.0
Dec. 42.8 c 13.5 c 206.0 58.9 147.1 0.0 258.8
*) except households.

Statistical Section
10. INTEREST RATES APPLIED BY CREDIT INSTITUTIONS

10.1. Lei-denominated time deposits
10.1.1. Outstanding amounts
(% p.a.)
Period Time deposits from households* Time deposits from non-financial corporations
Total with original maturity Total with original maturity
of up to over one month over three over six months of up to over one month over three over six months
and including and up to and months and up and up to and and including and up to and months and up and up to and
one month including three to and including including twelve one month including three to and including including twelve
months six months months months six months months
2019 1.87 0.73 1.09 1.84 2.55 2.20 1.91 2.40 2.77 2.44
2020 1.82 0.70 0.99 1.63 2.61 1.59 1.28 1.59 2.09 2.20
2021 1.70 0.62 0.89 1.42 2.11 1.90 1.53 2.25 1.94 1.95
2022 6.18 5.42 6.55 6.62 5.94 6.78 5.67 7.34 8.33 7.09
2022 Apr. 2.12 1.14 1.46 1.96 2.35 3.56 3.48 3.95 4.15 2.63
May 2.44 1.64 1.93 2.31 2.53 4.26 4.34 4.83 4.38 2.94
Jun. 2.87 2.91 2.64 2.80 2.83 5.05 5.21 5.71 5.06 4.13
Jul. 3.46 3.82 3.55 3.43 3.28 5.93 5.70 6.67 6.65 4.93
Aug. 4.19 4.91 4.53 4.12 3.92 6.64 6.32 7.39 7.43 5.79
Sep. 4.72 5.04 5.33 4.74 4.43 6.88 6.39 7.71 7.68 6.33
Oct. 5.30 5.55 5.88 5.42 4.95 7.13 6.65 7.86 8.16 6.63
Nov. 5.76 5.47 6.28 6.09 5.44 6.99 6.20 7.61 8.45 6.98
Dec. 6.18 5.42 6.55 6.62 5.94 6.78 5.67 7.34 8.33 7.09
2023 Jan. 6.46 5.39 6.61 6.89 6.40 6.51 5.40 6.96 8.14 6.80
Feb. 6.64 5.33 6.58 7.00 6.73 6.44 5.51 6.76 7.78 6.85
Mar. 6.76 5.29 6.52 7.06 7.01 6.27 5.42 6.43 7.63 6.89
Apr. 6.85 5.29 6.51 7.07 7.20 6.18 5.37 6.24 7.54 6.91
Note: The calculation base of interest rates on outstanding deposits does not include the accrued interest payable.
10.1.2. New business

(% p.a.)
Period New time deposits from households* New time deposits from non-financial corporations
2019 1.98 0.83 1.44 2.30 3.06 2.36 2.19 2.52 3.02 2.36
2020 1.54 0.73 1.20 1.66 2.56 1.51 1.36 1.60 1.85 2.18
2021 1.41 0.59 1.06 1.67 2.36 2.01 1.69 2.35 2.56 2.07
2022 7.15 6.02 6.91 7.56 7.98 6.50 5.92 7.12 6.65 8.16
2022 Apr. 2.59 1.30 2.54 3.19 3.65 4.24 3.78 4.40 5.80 5.60
May 3.23 2.04 3.23 3.71 4.10 4.99 4.60 5.38 4.48 5.61
Jun. 4.39 3.98 4.16 4.33 5.02 6.03 5.46 6.50 6.63 8.19
Jul. 5.53 5.01 5.24 5.59 6.05 6.72 5.80 7.36 9.02 8.26
Aug. 6.27 5.64 6.07 6.27 6.91 7.13 6.64 7.71 8.35 7.83
Sep. 6.50 5.83 6.27 6.60 7.23 7.20 6.71 7.88 8.08 7.69
Oct. 6.96 6.27 6.69 7.18 7.68 7.48 6.86 8.13 9.16 7.54
Nov. 7.09 6.18 6.88 7.48 7.85 6.83 6.38 7.21 8.72 7.91
Dec. 7.15 6.02 6.91 7.56 7.98 6.50 5.92 7.12 6.65 8.16
2023 Jan. 6.96 5.89 6.64 7.25 7.98 6.23 5.59 6.56 7.82 7.34
Feb. 6.82 5.75 6.61 7.04 7.88 6.26 5.71 6.60 7.35 7.10
Mar. 6.76 5.66 6.61 7.03 7.80 5.95 5.61 6.20 6.99 6.82
Apr. 6.72 5.63 6.54 7.11 7.70 5.79 5.59 5.88 6.90 7.16
Note: Annual data refer to December of each year.
The calculation base of deposit rates on new business does not include the accrued interest payable.

10.2. EUR-denominated time deposits

(% p.a.)
Period Time deposits from households* Time deposits from non-financial corporations
2019 0.20 0.07 0.11 0.13 0.25 0.19 0.05 0.23 0.25 0.28
2020 0.11 0.04 0.06 0.06 0.13 0.13 0.07 0.12 0.13 0.22
2021 0.08 0.04 0.06 0.06 0.10 0.10 0.03 0.16 0.09 0.22
2022 0.76 0.78 0.76 0.67 0.75 0.92 0.95 0.99 0.90 1.19
2022 Apr. 0.08 0.05 0.07 0.06 0.11 0.13 0.09 0.13 0.14 0.22
May 0.09 0.04 0.07 0.06 0.11 0.13 0.10 0.11 0.15 0.22
Jun. 0.09 0.05 0.07 0.06 0.12 0.13 0.08 0.11 0.16 0.23
Jul. 0.12 0.06 0.08 0.08 0.14 0.16 0.10 0.14 0.17 0.21
Aug. 0.15 0.08 0.12 0.11 0.18 0.24 0.19 0.32 0.22 0.28
Sep. 0.20 0.11 0.19 0.16 0.25 0.29 0.21 0.37 0.29 0.42
Oct. 0.42 0.60 0.36 0.30 0.39 0.46 0.33 0.51 0.45 0.75
Nov. 0.59 0.70 0.57 0.49 0.57 0.76 0.74 0.85 0.76 0.98
Dec. 0.76 0.78 0.76 0.67 0.75 0.92 0.95 0.99 0.90 1.19
2023 Jan. 0.87 0.80 0.85 0.82 0.90 1.01 0.98 1.18 1.02 1.30
Feb. 1.00 0.85 0.95 0.97 1.05 1.25 1.30 1.45 1.27 1.40
Mar. 1.12 0.89 1.10 1.12 1.19 1.60 1.82 1.76 1.49 1.60
Apr. 1.23 1.05 1.22 1.22 1.29 1.73 1.83 2.17 1.67 1.63

(% p.a.)
Period New time deposits from households* New time deposits from non-financial corporations
2019 0.16 0.09 0.15 0.14 0.24 0.22 0.06 0.56 0.57 0.23
2020 0.06 0.03 0.06 0.07 0.11 0.20 0.23 0.16 0.15 0.10
2021 0.05 0.02 0.05 0.08 0.13 0.07 0.03 0.23 0.12 0.11
2022 1.10 0.63 0.85 1.21 1.60 1.19 1.12 1.18 1.26 2.09
2022 Apr. 0.05 0.03 0.05 0.05 0.10 0.15 0.12 0.15 0.26 0.03
May 0.06 0.03 0.06 0.06 0.15 0.12 0.13 0.11 0.12 0.12
Jun. 0.08 0.03 0.07 0.06 0.22 0.12 0.10 0.12 0.13 0.30
Jul. 0.16 0.05 0.09 0.17 0.34 0.23 0.13 0.24 0.21 0.19
Aug. 0.24 0.07 0.17 0.30 0.48 0.33 0.24 0.42 0.41 0.65
Sep. 0.35 0.12 0.30 0.34 0.78 0.40 0.27 0.45 0.38 1.16
Oct. 0.85 0.45 0.61 0.84 1.35 0.68 0.39 0.71 0.82 1.80
Nov. 0.98 0.54 0.76 1.10 1.46 1.02 0.88 0.99 1.31 2.00
Dec. 1.10 0.63 0.85 1.21 1.60 1.19 1.12 1.18 1.26 2.09
2023 Jan. 1.10 0.65 0.91 1.20 1.68 1.23 1.14 1.31 1.42 2.18
Feb. 1.24 0.71 1.10 1.35 1.87 1.65 1.51 1.83 1.99 2.20
Mar. 1.32 0.78 1.34 1.33 1.84 2.02 2.01 2.01 1.98 2.31
Apr. 1.35 0.89 1.35 1.37 1.95 2.17 2.06 2.47 1.88 2.19

Statistical Section
10.3. Breakdown of lei-denominated deposits

(% p.a.)
Period Household deposits* Deposits from non-financial corporations Repos
overnight time deposits redeemable at notice overnight time deposits
total with original with original total with agreed with agreed total with original with original
maturity of maturity over maturity of up maturity over maturity of maturity over
up to and two years to and including three months up to and two years
including two three months including two
years years
2019 0.06 1.87 1.98 1.49 x x x 0.24 2.20 2.30 0.34 x

2020 0.06 1.82 1.98 1.31 x x x 0.16 1.59 1.65 0.33 x
2021 0.10 1.70 1.68 1.81 x x x 0.21 1.90 1.96 0.28 x
2022 0.46 6.18 6.20 6.03 x x x 0.92 6.78 6.97 2.15 x
2022 Apr. 0.11 2.12 2.06 2.68 x x x 0.39 3.56 3.67 0.53 x
May 0.18 2.44 2.34 3.37 x x x 0.50 4.26 4.39 0.68 x
Jun. 0.27 2.87 2.81 3.41 x x x 0.58 5.05 5.22 0.70 x
Jul. 0.36 3.46 3.41 3.97 x x x 0.68 5.93 6.14 0.89 x
Aug. 0.37 4.19 4.15 4.60 x x x 0.87 6.64 6.86 1.02 x
Sep. 0.45 4.72 4.71 4.85 x x x 0.91 6.88 7.10 1.03 x
Oct. 0.45 5.30 5.28 5.51 x x x 0.90 7.13 7.36 1.28 x
Nov. 0.46 5.76 5.76 5.75 x x x 0.80 6.99 7.20 1.76 x
Dec. 0.46 6.18 6.20 6.03 x x x 0.92 6.78 6.97 2.15 x
2023 Jan. 0.47 6.46 6.49 6.24 x x x 0.97 6.51 6.69 2.26 x
Feb. 0.47 6.64 6.66 6.39 x x x 0.92 6.44 6.61 2.40 x
Mar. 0.47 6.76 6.80 6.42 x x x 0.88 6.27 6.42 2.64 x
Apr. 0.49 6.85 6.89 6.45 x x x 0.89 6.18 6.32 2.68 x

(% p.a.)
Period New household deposits* New deposits from non-financial corporations Repos
with original maturity with original maturity with original maturity with original maturity with original maturity with original maturity
of up to and over one year and up over two years of up to and over one year and up over two years
including to and including two including to and including two
one year years one year years
2019 1.89 3.65 2.62 2.36 1.73 0.22 x

2020 1.51 2.84 1.63 1.51 0.56 0.47 x
2021 1.39 2.79 1.13 2.01 0.98 0.11 x
2022 7.09 7.97 7.99 6.53 2.66 5.30 x
2022 Apr. 2.56 3.78 2.57 4.24 3.45 1.57 x

May 3.21 4.11 3.71 4.99 1.23 0.71 x
Jun. 4.38 5.08 4.34 6.03 1.48 1.21 x
Jul. 5.49 6.46 6.09 6.72 2.83 1.94 x
Aug. 6.22 7.22 7.15 7.13 4.56 2.87 x
Sep. 6.44 7.48 7.56 7.20 4.18 2.58 x
Oct. 6.90 7.69 7.88 7.48 2.78 2.82 x
Nov. 7.06 7.76 7.70 6.83 6.48 3.99 x
Dec. 7.09 7.97 7.99 6.53 2.66 5.30 x
2023 Jan. 6.91 7.71 7.89 6.24 4.60 5.52 x
Feb. 6.76 7.67 7.73 6.27 5.76 4.23 x
Mar. 6.72 7.50 7.37 5.96 5.61 4.95 x
Apr. 6.67 7.60 7.39 5.79 6.40 4.94 x

10.4. Breakdown of EUR-denominated deposits

(% p.a.)
Period Household deposits* Deposits from non-financial corporations Repos
overnight time deposits redeemable at notice overnight time deposits
total with original with original total with agreed with agreed total with original with original
maturity of up maturity over maturity of up maturity over maturity of up maturity over
to and two years to and three months to and two years
including two including three including two
years months years
2019 0.01 0.20 0.20 0.31 x x x 0.01 0.19 0.19 0.15 x
2020 0.01 0.11 0.10 0.28 x x x 0.01 0.13 0.13 0.13 x
2021 0.01 0.08 0.08 0.14 x x x 0.01 0.10 0.11 0.09 x
2022 0.02 0.76 0.74 0.99 x x x 0.01 0.92 0.99 0.25 x
2022 Apr. 0.01 0.08 0.08 0.11 x x x 0.01 0.13 0.14 0.10 x
May 0.01 0.09 0.09 0.11 x x x 0.01 0.13 0.14 0.09 x
Jun. 0.01 0.09 0.09 0.11 x x x 0.01 0.13 0.14 0.09 x
Jul. 0.01 0.12 0.11 0.22 x x x 0.00 0.16 0.17 0.09 x
Aug. 0.01 0.15 0.15 0.23 x x x 0.01 0.24 0.26 0.09 x
Sep. 0.01 0.20 0.20 0.23 x x x 0.01 0.29 0.33 0.10 x
Oct. 0.01 0.42 0.41 0.66 x x x 0.01 0.46 0.50 0.15 x
Nov. 0.01 0.59 0.58 0.80 x x x 0.01 0.76 0.82 0.19 x
Dec. 0.02 0.76 0.74 0.99 x x x 0.01 0.92 0.99 0.25 x
2023 Jan. 0.02 0.87 0.86 1.07 x x x 0.02 1.01 1.09 0.27 x
Feb. 0.02 1.00 0.99 1.13 x x x 0.05 1.25 1.34 0.36 x
Mar. 0.02 1.12 1.12 1.19 x x x 0.10 1.60 1.71 0.35 x
Apr. 0.03 1.23 1.23 1.22 x x x 0.09 1.73 1.85 0.38 x

(% p.a.)
Period New household deposits* New deposits from non-financial corporations Repos
with original maturity with original maturity with original maturity with original maturity with original maturity with agreed maturity
of up to and over one year over two years of up to and over one year over two years
including and up to and including and up to and
one year including one year including
two years two years
2019 0.14 0.71 0.21 0.22 0.02 0.03 x

2020 0.06 0.38 0.07 0.20 0.27 0.07 x
2021 0.05 0.34 0.05 0.07 0.01 0.00 x
2022 1.05 1.87 2.16 1.18 1.50 1.23 x
2022 Apr. 0.05 0.27 0.03 0.15 0.01 0.02 x

May 0.05 0.24 0.04 0.12 0.00 0.01 x
Jun. 0.07 0.77 0.03 0.12 0.03 0.01 x
Jul. 0.14 0.92 0.38 0.17 1.02 0.01 x
Aug. 0.23 0.88 0.31 0.34 0.26 0.02 x
Sep. 0.35 1.02 0.32 0.40 0.46 1.46 x
Oct. 0.79 1.50 2.18 0.67 1.54 0.34 x
Nov. 0.94 1.66 2.04 1.03 0.94 0.53 x
Dec. 1.05 1.87 2.16 1.18 1.50 1.23 x
2023 Jan. 1.06 1.90 2.00 1.23 1.44 0.34 x
Feb. 1.21 2.18 1.96 1.65 1.30 2.23 x
Mar. 1.28 2.57 1.98 2.02 2.60 0.17 x
Apr. 1.31 2.92 1.86 2.18 2.47 0.03 x

Statistical Section
10.5. Lei-denominated loans

(% p.a.)
Period Loans to households* Loans to non-financial corporations
of up to over one year over five years of up to over one year over five years
and including and up to and and including and up to and
five years five years
2019 7.69 11.58 10.48 5.80 5.81 5.70 5.91 5.83
2020 6.83 11.11 10.05 5.18 4.80 4.71 4.84 4.81
2021 6.24 11.07 9.39 4.65 4.81 4.65 5.00 4.68
2022 8.76 15.17 10.51 7.72 10.20 9.72 10.61 10.10
2022 Apr. 7.00 12.39 9.49 5.71 6.77 6.60 7.04 6.58
May 7.07 12.64 9.49 5.79 7.11 6.95 7.33 6.98
Jun. 7.25 12.76 9.54 6.00 7.67 7.49 7.98 7.44
Jul. 7.78 13.51 9.77 6.66 8.67 8.41 8.96 8.54
Aug. 7.91 13.70 9.96 6.74 9.20 9.05 9.46 8.99
Sep. 8.03 13.59 10.09 6.86 9.64 9.32 10.02 9.43
Oct. 8.68 14.82 10.34 7.68 10.26 9.78 10.71 10.13
Nov. 8.71 14.80 10.39 7.70 10.32 9.91 10.73 10.16
Dec. 8.76 15.17 10.51 7.72 10.20 9.72 10.61 10.10
2023 Jan. 9.31 15.74 10.70 8.42 10.05 9.51 10.46 10.01
Feb. 9.34 15.78 10.83 8.42 9.93 9.40 10.31 9.91
Mar. 9.36 15.79 10.93 8.39 9.77 9.31 10.09 9.74
Apr. 9.35 15.62 10.85 8.41 9.43 8.95 9.75 9.44
Note: The calculation base of interest rates on outstanding loans at the end of the reported month does not include non-performing loans, loans for debt
restructuring granted at below market rates and the accrued interest receivable.

(% p.a.)
Period New loans to households* New loans to non-financial corporations
2019 7.60 10.63 9.66 5.59 5.79 5.44 6.37 5.60
2020 6.67 11.66 9.04 5.00 4.65 3.97 4.73 5.06
2021 6.02 11.23 8.52 3.87 4.58 4.02 5.19 4.62
2022 9.40 18.09 12.72 7.15 9.96 9.04 10.74 10.77
2022 Apr. 6.93 12.25 8.87 4.49 6.69 6.41 7.04 6.37
May 7.09 11.13 9.00 4.58 7.34 6.76 7.69 7.58
Jun. 7.68 12.58 9.78 4.95 7.75 7.35 8.15 7.70
Jul. 8.09 10.51 10.92 5.48 8.86 8.31 9.37 8.72
Aug. 8.70 11.66 12.30 5.58 9.59 9.01 10.48 9.70
Sep. 8.64 12.88 12.06 5.80 9.82 9.17 10.76 10.29
Oct. 9.66 15.29 12.30 6.82 10.28 9.41 11.45 11.06
Nov. 9.79 17.97 12.29 7.00 10.30 9.32 11.21 10.86
Dec. 9.40 18.09 12.72 7.15 9.96 9.04 10.74 10.77
2023 Jan. 10.18 18.29 12.60 7.72 9.60 8.52 10.49 9.63
Feb. 10.46 17.50 12.73 7.85 9.61 8.35 11.05 9.60
Mar. 10.59 17.71 12.66 7.95 9.34 8.26 10.27 9.26
Apr. 10.17 14.82 12.31 8.01 9.14 7.61 10.17 10.02
The calculation base of lending rates on new business does not include overdrafts, revolving credit, claims related to credit cards, non-performing loans, loans for debt

10.6. EUR-denominated loans

(% p.a.)
Period Loans to households* Loans to non-financial corporations
one year including five years one year including five years
2019 4.07 9.25 6.18 4.05 2.60 1.99 2.46 2.85
2020 3.96 8.79 5.73 3.95 2.55 1.93 2.45 2.76
2021 3.85 6.67 5.27 3.84 2.42 1.87 2.33 2.62
2022 5.76 8.04 6.48 5.75 4.02 3.53 4.12 4.18
2022 Apr. 3.89 6.26 5.25 3.87 2.42 1.82 2.37 2.63
May 3.90 6.21 5.23 3.89 2.41 1.81 2.37 2.61
Jun. 4.01 6.33 5.24 4.00 2.35 1.84 2.24 2.57
Jul. 4.22 6.40 5.58 4.20 2.41 1.88 2.34 2.62
Aug. 4.34 6.46 5.60 4.32 2.48 1.90 2.48 2.70
Sep. 4.69 7.00 5.67 4.68 2.83 2.36 2.88 3.00
Oct. 5.18 7.35 6.43 5.16 3.32 2.77 3.40 3.52
Nov. 5.42 7.67 6.42 5.41 3.59 3.10 3.64 3.79
Dec. 5.76 8.04 6.48 5.75 4.02 3.53 4.12 4.18
2023 Jan. 6.38 8.59 7.26 6.37 4.50 3.91 4.61 4.70
Feb. 6.52 8.77 7.21 6.51 4.69 4.17 4.80 4.86
Mar. 6.78 9.12 7.18 6.77 4.98 4.52 5.09 5.12
Apr. 7.07 9.25 7.47 7.06 5.34 4.89 5.44 5.48
Note: The calculation base of interest rates on outstanding loans at the end of the reported month does not include non-performing loans, loans for debt

(% p.a.)
Period New loans to households* New loans to non-financial corporations
one year including five years one year including five years
2019 3.87 c 5.13 3.74 2.74 3.33 3.04 2.29
2020 4.07 c 4.74 3.96 3.03 2.36 3.85 2.81
2021 3.18 c 3.71 2.98 2.69 1.97 3.21 2.48
2022 4.75 c 5.56 4.69 4.56 4.25 4.76 4.54
2022 Apr. 3.18 x 2.28 3.63 2.59 1.88 2.60 2.77

May 3.23 c 5.35 3.03 2.64 2.09 2.95 2.64
Jun. 3.43 c 4.52 3.27 1.51 2.08 1.12 1.75
Jul. 3.87 c 4.92 3.70 2.72 2.08 2.87 2.92
Aug. 3.98 c 4.63 3.84 2.98 2.39 3.46 2.93
Sep. 4.00 c 5.38 3.86 3.43 3.12 3.60 3.49
Oct. 4.58 c 5.85 4.42 3.42 3.51 2.89 3.82
Nov. 4.62 x 5.98 4.52 4.22 3.13 5.01 4.60
Dec. 4.75 c 5.56 4.69 4.56 4.25 4.76 4.54
2023 Jan. 5.53 c 6.78 5.40 5.19 4.62 5.90 5.29
Feb. 6.05 c 6.76 5.97 4.96 4.74 5.45 4.92
Mar. 6.14 c 6.90 6.04 5.36 5.13 5.40 5.41
Apr. 6.24 6.76 6.79 6.19 5.49 4.83 5.25 6.25

Statistical Section
10.7. Breakdown of lei-denominated loans

(% p.a.)
Period Loans to households*
bank overdrafts housing loans consumer loans and loans for other purposes
total with original maturity total with original maturity
of up to and over one year and over five years of up to and over one year and over five years
including one year up to and including one year up to and
including including
2019 9.49 5.56 c 5.59 5.56 10.26 11.58 10.50 8.00
2020 8.71 4.77 4.60 4.61 4.77 9.76 11.12 10.07 8.11
2021 8.44 4.34 4.94 4.20 4.34 9.23 11.10 9.40 7.67
2022 12.25 7.52 9.06 6.15 7.53 10.79 15.19 10.52 10.01
2022 Apr. 9.88 5.43 6.48 4.72 5.43 9.55 12.41 9.51 8.58
May 9.92 5.53 6.90 4.70 5.53 9.56 12.66 9.50 8.56
Jun. 10.24 5.74 7.11 4.78 5.74 9.66 12.78 9.56 8.81
Jul. 11.23 6.41 7.61 5.20 6.41 9.98 13.53 9.79 9.38
Aug. 11.13 6.49 8.23 5.20 6.49 10.16 13.72 9.97 9.42
Sep. 11.30 6.62 8.53 5.25 6.62 10.28 13.61 10.10 9.54
Oct. 12.32 7.47 9.12 5.94 7.47 10.63 14.84 10.35 10.04
Nov. 12.27 7.49 9.04 6.03 7.50 10.68 14.82 10.41 10.03
Dec. 12.25 7.52 9.06 6.15 7.53 10.79 15.19 10.52 10.01
2023 Jan. 12.82 8.27 9.42 6.93 8.27 11.00 15.76 10.72 10.16
Feb. 12.77 8.27 8.89 7.01 8.27 11.10 15.80 10.84 10.18
Mar. 12.72 8.24 8.91 7.09 8.25 11.18 15.81 10.95 10.11
Apr. 12.60 8.28 8.88 7.21 8.28 11.08 15.65 10.86 10.00

bank overdrafts with original maturity
of up to and over one year and over five years
including one year up to and
including
five years
2019 5.42 5.70 5.91 5.83
2020 4.58 4.71 4.84 4.81
2021 4.51 4.65 5.00 4.68
2022 9.20 9.72 10.61 10.10
2022 Apr. 6.16 6.60 7.04 6.58

May 6.58 6.95 7.33 6.98
Jun. 7.23 7.49 7.98 7.44
Jul. 7.93 8.41 8.96 8.54
Aug. 8.70 9.05 9.46 8.99
Sep. 9.07 9.32 10.02 9.43
Oct. 9.37 9.78 10.71 10.13
Nov. 9.38 9.91 10.73 10.16
Dec. 9.20 9.72 10.61 10.10
2023 Jan. 9.03 9.51 10.46 10.01
Feb. 8.87 9.40 10.31 9.91
Mar. 8.88 9.31 10.09 9.74
Apr. 8.63 8.95 9.75 9.44
The calculation base of interest rates on outstanding loans at the end of the reported
month does not include non-performing loans, loans for debt restructuring granted
at below market rates and the accrued interest receivable. a a a a a

10.7. Breakdown of lei-denominated loans

(% p.a.)
Period New loans to households*
new housing loans new consumer loans
total with original maturity Average total with original maturity Average
of up to over one year over five years over ten years effective of up to over one year over five years effective
and including and up to and and up to and annual rate and including and up to and annual rate
one year including including one year including
five years ten years five years
2019 5.46 x 5.70 5.87 5.44 5.65 9.66 14.20 9.72 7.80 10.50
2020 4.81 x 4.85 5.02 4.81 5.09 9.16 17.44 9.13 8.97 9.90
2021 3.69 c 3.96 3.85 3.68 4.00 8.67 14.20 8.62 8.53 9.36
2022 7.05 c 7.09 7.17 7.04 7.41 12.78 20.45 12.80 9.25 14.12
2022 Apr. 4.31 x 4.30 4.49 4.31 4.63 9.05 13.31 9.02 8.70 9.78
May 4.40 x 4.39 4.64 4.40 4.72 9.14 11.47 9.15 8.09 9.89
Jun. 4.62 x 4.99 5.03 4.60 4.95 10.07 14.53 9.99 11.16 10.74
Jul. 5.30 c 5.41 5.72 5.29 5.50 10.96 13.39 10.99 8.40 11.74
Aug. 5.42 c 5.29 5.96 5.40 5.63 12.27 14.36 12.37 8.62 13.16
Sep. 5.68 c 5.46 6.58 5.64 5.89 12.14 16.52 12.21 8.43 13.25
Oct. 6.67 c 6.29 6.99 6.65 6.97 12.35 18.74 12.40 8.89 13.41
Nov. 6.87 x 7.44 7.17 6.85 7.24 12.30 19.62 12.32 9.28 13.42
Dec. 7.05 c 7.09 7.17 7.04 7.41 12.78 20.45 12.80 9.25 14.12
2023 Jan. 7.60 c 7.18 8.00 7.58 8.09 12.62 19.55 12.63 9.86 13.92
Feb. 7.72 x 7.52 7.93 7.70 8.25 12.78 19.31 12.78 10.11 14.17
Mar. 7.85 x 7.51 8.03 7.84 8.37 12.72 19.40 12.68 10.83 14.04
Apr. 7.93 x 7.79 7.66 7.95 8.42 12.36 15.54 12.36 10.95 13.63
Period New loans to households* (continued) New loans to non-financial corporations

up to EUR 1 million equivalent above EUR 1 million equivalent
new loans for other purposes
total with original maturity total with original maturity total with original maturity
of up to and over one year over five years of up to over one year over five years of up to over one year over five years
including one and up to and and including and up to and and including and up to and
year including one year including one year including
2019 7.37 7.15 7.79 6.94 6.07 5.45 6.70 6.41 5.23 5.41 5.46 5.00
2020 6.14 6.10 6.23 6.03 4.73 4.19 5.13 4.91 4.57 3.61 4.35 5.11
2021 5.34 6.39 5.51 4.88 4.91 4.32 5.34 4.96 4.13 3.75 4.82 4.23
2022 11.33 12.26 11.40 10.77 10.14 8.99 11.26 10.71 9.69 9.10 9.96 10.85
2022 Apr. 6.70 8.01 6.55 7.20 6.80 6.30 7.05 6.91 6.40 6.71 6.97 5.82
May 7.18 9.70 7.06 7.49 7.40 6.70 7.80 7.58 7.21 6.88 7.32 7.59
Jun. 7.28 7.04 7.20 7.69 7.86 7.20 8.32 7.85 7.57 7.53 7.66 7.53
Jul. 9.40 9.14 9.87 9.13 9.01 8.11 9.64 8.91 8.57 8.64 8.59 8.40
Aug. 9.96 9.71 10.56 9.55 9.76 8.95 10.76 10.08 9.26 9.13 9.63 9.21
Sep. 9.94 9.85 9.93 10.23 9.88 8.96 11.11 10.43 9.70 9.57 9.82 10.00
Oct. 10.99 11.48 10.72 11.38 10.36 9.25 11.89 11.34 10.01 9.90 10.12 10.28
Nov. 11.17 12.26 11.68 9.77 10.40 9.36 11.62 10.99 10.05 9.18 10.43 10.59
Dec. 11.33 12.26 11.40 10.77 10.14 8.99 11.26 10.71 9.69 9.10 9.96 10.85
2023 Jan. 10.94 12.85 12.07 9.81 10.02 8.53 10.85 9.89 9.08 8.51 9.63 9.44
Feb. 11.61 12.54 11.81 11.21 9.94 8.42 11.74 10.57 9.06 8.18 9.95 8.88
Mar. 11.73 12.67 12.27 10.81 9.93 8.36 11.50 10.31 8.61 8.05 8.92 8.62
Apr. 10.60 11.36 10.67 10.28 9.34 7.80 10.40 10.05 8.51 7.05 9.30 9.95

Statistical Section
10.8. Breakdown of EUR-denominated loans

(% p.a.)
Period Loans to households*
bank overdrafts housing loans consumer loans and loans for other purposes
total with original maturity total with original maturity
of up to over one year over five years of up to over one year and over five years
and including and up to and and including up to and
2019 10.07 3.73 4.07 5.29 3.73 4.91 9.35 6.23 4.87
2020 9.36 3.63 c 3.26 3.63 4.80 8.91 5.91 4.77
2021 9.10 3.53 c 3.31 3.53 4.68 6.97 5.37 4.65
2022 10.27 5.53 6.57 4.37 5.53 6.37 8.17 6.58 6.35
2022 Apr. 8.83 3.58 c 3.21 3.58 4.69 6.46 5.35 4.67
May 8.85 3.60 c 3.14 3.60 4.71 6.39 5.33 4.68
Jun. 8.73 3.70 c 3.20 3.70 4.84 6.50 5.32 4.81
Jul. 8.85 3.91 c 3.57 3.91 5.04 6.57 5.65 5.02
Aug. 8.88 4.03 c 3.57 4.03 5.15 6.61 5.68 5.13
Sep. 9.59 4.44 c 3.70 4.44 5.35 7.15 5.74 5.33
Oct. 9.67 4.96 5.52 4.21 4.96 5.77 7.51 6.53 5.74
Nov. 9.84 5.21 6.08 4.33 5.21 6.00 7.81 6.52 5.98
Dec. 10.27 5.53 6.57 4.37 5.53 6.37 8.17 6.58 6.35
2023 Jan. 10.57 6.16 c 5.23 6.16 7.00 8.75 7.35 6.97
Feb. 10.52 6.30 c 5.35 6.30 7.13 8.90 7.30 7.12
Mar. 10.88 6.57 c 5.43 6.57 7.33 9.26 7.26 7.32
Apr. 10.90 6.87 c 5.72 6.87 7.63 9.38 7.56 7.62

bank overdrafts with original maturity
of up to over one year and over five years
and including up to and
one year including
five years
2019 1.81 1.99 2.46 2.85
2020 1.74 1.93 2.45 2.76
2021 1.65 1.87 2.33 2.62
2022 3.31 3.53 4.12 4.18
2022 Apr. 1.55 1.82 2.37 2.63

May 1.54 1.81 2.37 2.61
Jun. 1.58 1.84 2.24 2.57
Jul. 1.65 1.88 2.34 2.62
Aug. 1.69 1.90 2.48 2.70
Sep. 2.21 2.36 2.88 3.00
Oct. 2.50 2.77 3.40 3.52
Nov. 2.90 3.10 3.64 3.79
Dec. 3.31 3.53 4.12 4.18
2023 Jan. 3.69 3.91 4.61 4.70
Feb. 3.96 4.17 4.80 4.86
Mar. 4.36 4.52 5.09 5.12
Apr. 4.75 4.89 5.44 5.48
The calculation base of interest rates on outstanding loans at the end of the reported
month does not include non-performing loans, loans for debt restructuring granted
at below market rates and the accrued interest receivable.

10.8. Breakdown of EUR-denominated loans

(% p.a.)
Period New loans to households*
new housing loans new consumer loans
total with original maturity Average total with original maturity Average
of up to over one year over five years over ten years effective of up to over one year over five years effective
and including and up to and and up to and annual rate and including and up to and annual rate
one year including including one year including
five years ten years five years
2019 3.70 x c 4.39 3.68 3.98 4.77 c 5.80 4.12 5.02
2020 3.69 x c 3.75 3.69 4.00 4.74 c 4.91 4.86 4.84
2021 2.80 x c 2.45 2.82 3.03 3.66 c 3.74 4.38 3.74
2022 4.65 x c 5.00 4.64 5.31 5.52 c 5.72 5.21 5.98
2022 Apr. 3.18 x c 2.90 3.22 3.49 5.84 x 6.02 5.46 6.08
May 3.02 x x 3.05 3.02 3.19 4.79 c 5.79 4.27 5.09
Jun. 3.11 x c 2.73 3.12 3.38 4.53 c 5.13 3.81 4.82
Jul. 3.61 x x 2.79 3.70 3.81 5.04 c 5.93 4.17 5.49
Aug. 3.81 x c 3.73 3.82 4.17 5.21 c 6.03 4.17 5.54
Sep. 3.84 c 4.05 3.83 3.83 4.31 5.51 c 6.13 4.37 5.96
Oct. 4.25 c 4.58 3.94 4.28 4.80 5.45 c 6.20 4.22 5.74
Nov. 4.42 x c 4.46 4.41 5.01 6.14 x 6.36 5.67 6.46
Dec. 4.65 x c 5.00 4.64 5.31 5.52 c 5.72 5.21 5.98
2023 Jan. 5.32 x x 5.38 5.32 5.93 6.66 c 6.80 6.44 7.08
Feb. 5.89 x c 5.94 5.89 6.22 6.67 c 6.88 6.49 6.96
Mar. 5.96 x c 6.19 5.95 6.23 6.87 c 6.89 7.02 7.23
Apr. 6.07 x c 6.27 6.06 6.45 7.14 6.76 6.86 7.41 7.48
Period New loans to households* (continued) New loans to non-financial corporations

up to EUR 1 million equivalent above EUR 1 milion equivalent
new loans for other purposes
total with original maturity total with original maturity total with original maturity
of up to over one year over five years of up to and over one year over five years of up to over one year over five years
and including and up to and including one and up to and and including and up to and
one year including year including one year including
2019 c x c c 2.75 2.36 3.15 2.62 2.74 4.49 2.99 2.19
2020 c c c c 2.50 2.15 2.95 2.58 3.18 2.52 4.08 2.84
2021 3.71 x c c 2.42 1.94 2.76 2.66 2.76 2.01 3.29 2.45
2022 5.17 x c 5.31 4.46 3.83 4.73 4.80 4.58 4.40 4.77 4.49
2022 Apr. 2.84 x c c 2.45 1.66 2.62 2.80 2.64 2.05 2.58 2.77
May 2.75 x c c 2.43 1.96 2.66 2.54 2.72 2.18 3.05 2.67
Jun. 3.90 c 3.05 c 2.54 1.98 2.70 2.87 1.32 2.14 0.92 1.58
Jul. 4.19 x c c 2.83 2.07 3.37 3.09 2.68 2.09 2.59 2.89
Aug. 3.76 x 3.70 c 2.92 2.26 3.55 3.09 3.00 2.51 3.43 2.88
Sep. 3.84 x 3.43 3.91 3.43 2.87 3.84 3.52 3.43 3.25 3.45 3.48
Oct. 5.40 x c 5.51 4.06 3.44 4.18 4.32 3.18 3.56 2.51 3.65
Nov. 5.19 x 4.39 5.29 4.56 3.91 4.76 4.86 4.03 2.73 5.19 4.45
Dec. 5.17 x c 5.31 4.46 3.83 4.73 4.80 4.58 4.40 4.77 4.49
2023 Jan. 6.10 x c 5.86 5.02 4.23 5.83 5.30 5.27 4.82 5.93 5.28
Feb. 6.46 x c 6.49 5.24 4.55 5.58 5.68 4.88 4.84 5.31 4.84
Mar. 6.51 x 7.15 6.25 5.39 4.80 5.84 5.56 5.35 5.41 5.31 5.36
Apr. 6.27 x c c 5.77 5.22 6.24 6.02 5.31 4.47 4.64 6.36

Statistical Section
11. CREDIT RISK INDICATORS

11.1. Key prudential indicators
(percent)
Period Total capital ratio Tier 1 capital ratio1,2 Common Equity Tier 1 Leverage ratio1,2 General risk ratio2 Deposits with and loans to Loans to non-bank clients (gross
(previously capital ratio1,2 other banks (gross value)/ value)/ Total assets (gross value)
solvency ratio)1,2 Total assets (gross value)
2019 22.00 20.05 19.95 10.20 37.53 15.98 55.15

2020 25.14 23.22 23.11 10.33 32.71 18.41 51.58
2021 23.32 20.86 20.76 8.62 30.39 16.28 53.58
2022 23.40 20.48 19.98 8.49 29.87 16.57 55.55
2022 Apr. x x x x x 15.35 55.10

May x x x x x 15.00 55.69
Jun. 21.43 18.89 18.66 8.04 31.21 15.50 55.57
Jul. x x x x x 16.17 55.34
Aug. x x x x x 16.06 55.54
Sep. 21.52 18.76 18.27 8.07 31.64 15.60 56.09
Oct. x x x x x 15.45 56.33
Nov. x x x x x 15.91 55.64
Dec. 23.40 20.48 19.98 8.49 29.87 16.57 55.55
2023 Jan. x x x x x 17.09 54.54
Feb. x x x x x 17.83 54.17
Mar. 21.65 18.81 18.33 7.98 30.50 16.72 54.58
Apr. x x x x x 17.32 54.21
1) As of June 2014, indicators are determined based on the information submitted by banks according to Commission Implementing Regulation (EU) No 680/2014 laying down implementing
technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council. Once Implementing Regulation (EU)
No 680/2014 entered into force, the leverage ratio was included in the reporting statements in compliance with the said technical standards and is reported accordingly by credit institutions.
Starting in June 2021, Regulation (EU) No 680/2014 was replaced by Regulation (EU) 2021/451.
2) Indicators cover solely credit institutions which are Romanian legal entities and Creditcoop.


(percent) (continued)
Period Impaired loans to non-bank clients Impaired loans to non-bank clients Impaired loans to Non-performing loan Liquidity ratio5 Liquidity coverage
(net value)/Total loan portfolio to (net value)/Total liabilities3 non-bank clients ratio based on EBA's ratio6
non-bank clients (net value)3 (net value)/ Total assets definition2,4
(net value)3
2019 1.63 0.99 0.88 4.09 2.32 242.59

2020 1.30 0.73 0.65 3.83 2.32 265.86
2021 1.13 0.66 0.59 3.35 2.23 238.75
2022 0.93 0.55 0.51 2.65 x 209.16
2022 Apr. 1.03 0.61 0.55 3.23 x 208.67

May 1.02 0.61 0.55 3.19 x 198.47
Jun. 0.99 0.59 0.54 3.01 x 195.20
Jul. 0.98 0.58 0.53 2.93 x 199.66
Aug. 0.99 0.59 0.54 2.89 x 193.97
Sep. 1.06 0.64 0.58 2.82 x 188.03
Oct. 1.17 0.71 0.65 2.87 x 197.94
Nov. 1.11 0.67 0.61 2.77 x 195.91
Dec. 0.93 0.55 0.51 2.65 x 209.16
2023 Jan. 0.95 0.56 0.51 2.69 x 215.49
Feb. 0.97 0.57 0.52 2.66 x 216.16
Mar. 0.94 0.55 0.50 2.73 x 219.50
Apr. 0.97 0.57 0.52 2.72 x 227.76
3) According to NBR Order No. 27/2010 and NBR Order No. 10/2017, as subsequently amended and supplemented.
4) According to NBR Order No. 9/2017 approving the Methodological Norms on the FINREP reporting framework at solo level, in compliance with the International Financial Reporting Standards,
applicable to credit institutions for prudential purposes, non-performing exposures are those listed under Article 47a paragraph 3 of CRR.
5) This indicator is no longer calculated starting with the reporting statements for 31 March 2022, according to Articles II and III of Regulation No. 5/2022 amending and supplementing
NBR Regulation No. 5/2013 on prudential requirements for credit institutions and repealing NBR Regulation No. 25/2011 on the liquidity of credit institutions.
6) Pursuant to Commission Delegated Regulation (EU) 2015/61 to supplement Regulation (EU) No 575/2013; the indicator shall be equal to the ratio of a credit institution’s liquidity buffer
to its net liquidity outflows over a 30 calendar day stress period and shall be expressed as a percentage.

Statistical Section
11.2. Credit risk information*

Period Total due Total overdue Number Number of Number of CCR Number of CCR Number of loans Number of Number of Number of
amounts amounts of borrowers borrowers database queries database granted and borrowers borrowers borrowers
- overall risk (lei mn.) (individuals and (individuals and about own and queries about commitments (individuals and (individuals and (individuals and
(lei mn.) legal entities) legal entities) prospective prospective assumed by credit legal entities) legal entities) legal entities)
with overdue borrowers borrowers, with institutions reported by two reported by total with overdue
amounts their consent or several reporting amounts
reporting institutions** reported by total
institutions** reporting
institutions**
a) Credit institutions
2019 351,094 19,025 1,414,812 180,267 107,965 55,689 2,477,856 163,150 1,533,720 199,035
2020 376,457 17,346 1,461,340 159,651 116,968 55,251 2,571,462 168,461 1,580,499 176,892
2021 430,591 16,374 1,567,016 171,814 120,179 57,248 2,802,742 181,133 1,695,819 188,900
2022 489,813 15,459 1,630,255 196,688 126,323 53,611 2,960,541 193,201 1,765,180 215,450
2022 Apr. 453,824 16,412 1,591,589 190,432 135,895 66,930 2,859,101 185,451 1,720,909 207,639
May 461,024 16,272 1,606,655 190,153 167,712 82,874 2,890,129 187,704 1,736,691 206,924
Jun. 464,373 16,474 1,620,722 196,747 161,980 77,956 2,913,711 189,431 1,749,791 214,045
Jul. 477,005 16,271 1,630,321 200,395 130,702 61,426 2,943,812 191,240 1,759,337 218,450
Aug. 479,405 16,151 1,637,490 201,310 123,754 56,334 2,960,802 192,573 1,766,209 218,659
Sep. 485,020 16,203 1,643,815 204,016 127,782 60,993 2,976,921 193,934 1,772,565 221,974
Oct. 483,582 16,226 1,637,306 203,354 143,715 66,191 2,968,577 193,823 1,770,424 221,053
Nov. 484,896 15,973 1,636,924 205,761 153,825 70,146 2,972,948 194,448 1,771,296 224,535
Dec. 489,813 15,459 1,630,255 196,688 126,323 53,611 2,960,541 193,201 1,765,180 215,450
2023 Jan. 490,407 15,628 1,628,201 202,606 118,263 54,830 2,956,931 192,724 1,762,945 220,789
Feb. 493,227 15,675 1,631,499 211,200 140,447 65,968 2,964,714 193,691 1,767,336 230,484
Mar. 499,368 15,736 1,641,925 199,386 180,085 82,932 2,985,159 195,178 1,779,657 217,880
Apr. 502,628 15,705 1,639,991 206,020 143,693 65,272 2,983,576 194,605 1,779,085 225,984
b) NBFI+EMI+PI
2019 31,175 1,124 177,797 22,849 20,303 15,264 339,231
2020 32,130 1,053 178,053 20,196 20,749 14,967 335,325
2021 35,191 1,034 189,721 20,427 21,844 15,827 353,802
2022 41,058 1,069 200,168 22,569 22,124 16,565 382,099
2022 Apr. 36,514 1,052 191,073 20,838 22,056 16,585 360,397

May 37,251 1,002 192,929 20,341 27,901 20,823 364,609
Jun. 37,876 986 191,770 20,973 28,587 21,137 365,424
Jul. 39,264 984 192,782 21,802 27,305 20,559 368,716
Aug. 39,322 986 192,710 21,139 28,532 19,460 369,772
Sep. 40,195 1,031 193,273 21,771 28,010 20,554 371,814
Oct. 40,687 1,011 198,975 21,535 27,536 20,410 379,967
Nov. 41,181 1,021 200,096 22,732 29,119 21,333 383,529
Dec. 41,058 1,069 200,168 22,569 22,124 16,565 382,099
2023 Jan. 39,967 1,005 199,205 22,088 25,305 17,669 379,517
Feb. 40,685 1,024 200,535 23,423 30,763 21,256 384,110
Mar. 41,699 1,011 202,825 22,433 33,903 26,325 389,892
Apr. 42,748 1,048 204,370 24,167 23,322 17,865 393,906
*) refers to the exposure to a single debtor, which may be equal to or higher than lei 20,000.
**) Reporting institutions are credit institutions, non-bank financial institutions included in the Special Register (NBFI),
electronic money institutions with significant lending activity (EMI) and payment institutions with significant lending
activity (PI).
Note: NBR Regulation No. 2/2012 on the organisation and functioning of the Central Credit Register operated by the National Bank of Romania
became effective on 1 February 2012, recast in Monitorul Oficial al Romaniei, Part I, No. 717 of 18 July 2022.

11.3. Loans granted and commitments assumed by credit institutions*

(lei million)
Period Total Ownership of borrower Currency
loans Private State-owned Mixed Cooperatives Individuals Public property Lei EUR USD Other
Joint venture Domestic
private and
state-owned
enterprises
2019 434,345 237,198 19,443 3,474 3,311 436 168,040 2,444 268,244 153,272 7,089 5,741
2020 466,770 254,574 22,641 3,978 3,979 545 178,728 2,324 299,555 154,659 7,853 4,702
2021 527,044 293,598 24,697 3,804 4,579 616 197,327 2,422 351,994 163,106 7,989 3,955
2022 592,900 339,381 29,869 5,013 6,950 852 208,163 2,671 387,026 194,529 7,803 3,542
2022 Apr. 551,177 309,494 26,166 4,081 5,905 591 202,459 2,482 370,460 168,993 8,006 3,718
May 559,967 315,971 26,684 4,295 5,594 605 204,213 2,604 376,925 171,076 8,282 3,683
Jun. 562,946 317,420 26,738 4,142 5,720 613 205,713 2,599 378,653 172,333 8,309 3,650
Jul. 575,745 327,206 27,516 4,581 6,501 627 206,706 2,608 387,304 176,328 8,433 3,680
Aug. 581,009 331,254 27,671 4,682 6,690 680 207,421 2,610 389,100 179,748 8,527 3,634
Sep. 585,747 334,262 27,953 5,199 6,741 721 208,189 2,684 389,345 183,591 9,220 3,592
Oct. 585,627 334,432 27,877 5,029 6,846 751 208,008 2,683 386,562 187,839 7,682 3,543
Nov. 587,372 336,134 27,800 5,088 6,573 797 208,296 2,685 385,450 190,758 7,658 3,506
Dec. 592,900 339,381 29,869 5,013 6,950 852 208,163 2,671 387,026 194,529 7,803 3,542
2023 Jan. 596,778 342,948 29,789 5,451 7,040 880 207,991 2,680 389,898 195,829 7,524 3,527
Feb. 600,394 346,511 29,901 5,446 6,776 911 208,162 2,688 389,898 198,839 8,156 3,502
Mar. 608,638 353,716 30,115 5,669 6,796 899 208,776 2,667 395,097 202,438 7,619 3,484
Apr. 611,890 356,726 30,120 6,138 6,486 912 208,745 2,764 396,582 204,137 7,706 3,465
Period Total Activity of borrower Credit institutions Credit institutions

loans Industry Services Construction Agriculture, Financial Public Individuals by ownership by legal status
forestry, fishery intermediation administration State-owned Private and Credit Branches in
and insurance and defence; and majority majority institutions, Romania of
activities compulsory state-owned privately Romanian foreign credit
social security; credit owned credit legal entities institutions
education; institutions institutions
human health
and social work
services
2019 434,345 74,871 108,457 29,546 18,831 16,311 18,285 168,040 44,976 389,369 391,702 42,643
2020 466,770 77,538 119,521 31,371 20,867 17,731 21,011 178,728 51,477 415,293 421,424 45,346
2021 527,044 86,127 134,576 36,352 24,192 25,178 23,292 197,327 60,973 466,071 474,654 52,390
2022 592,900 104,791 151,198 42,854 28,729 30,540 26,624 208,163 67,345 525,555 531,932 60,968
2022 Apr. 551,177 94,452 139,240 38,773 24,480 27,721 24,053 202,459 63,292 487,885 496,114 55,063
May 559,967 96,858 141,525 39,536 25,120 28,226 24,488 204,213 64,104 495,862 504,414 55,553
Jun. 562,946 97,115 141,939 39,854 25,566 28,509 24,249 205,713 64,785 498,161 506,751 56,195
Jul. 575,745 99,980 146,695 41,322 27,401 28,920 24,721 206,706 65,924 509,821 518,958 56,787
Aug. 581,009 101,967 147,620 41,656 27,975 29,529 24,840 207,421 66,412 514,597 523,209 57,800
Sep. 585,747 103,316 148,314 42,297 28,423 29,752 25,459 208,189 66,813 518,935 527,353 58,395
Oct. 585,627 103,027 147,913 42,629 28,502 30,034 25,514 208,008 66,726 518,900 527,061 58,565
Nov. 587,372 102,708 148,589 43,103 28,725 30,429 25,521 208,296 66,569 520,804 528,194 59,179
Dec. 592,900 104,791 151,198 42,854 28,729 30,540 26,624 208,163 67,345 525,555 531,932 60,968
2023 Jan. 596,778 105,948 153,239 43,561 28,909 30,446 26,685 207,991 68,102 528,676 534,926 61,852
Feb. 600,394 105,915 154,714 43,933 29,077 31,682 26,910 208,162 68,409 531,985 538,558 61,835
Mar. 608,638 110,488 156,149 44,986 29,239 31,542 27,458 208,776 68,775 539,863 545,268 63,371
Apr. 611,890 110,525 158,411 45,647 29,283 31,538 27,741 208,745 68,800 543,090 547,978 63,912

Statistical Section
Period Total Credit risk

loans Treasury loans Inventory loans Equipment Foreign trade Commercial loans Housing loans Other real Bonds Other loans
loans loans estate loans
2019 434,345 104,087 4,967 67,448 63 6,310 64,371 58,204 769 28,774
2020 466,770 113,742 4,519 74,341 77 6,244 71,895 60,252 707 30,282
2021 527,044 134,350 4,836 84,146 96 2,732 82,576 65,939 723 34,874
2022 592,900 160,131 5,735 96,648 55 2,738 89,050 68,943 1,034 37,256
2022 Apr. 551,177 142,460 5,675 88,725 28 2,798 85,641 67,408 880 35,797
May 559,967 146,036 5,653 90,230 11 2,842 86,692 67,824 764 35,969
Jun. 562,946 150,612 5,897 92,391 10 2,837 87,266 68,486 764 36,335
Jul. 575,745 154,731 5,535 93,478 10 2,801 87,800 68,833 764 36,225
Aug. 581,009 156,718 5,781 93,876 28 2,796 87,849 69,195 800 36,000
Sep. 585,747 158,536 6,252 95,101 52 2,849 88,187 69,282 800 36,018
Oct. 585,627 158,243 5,873 95,432 41 2,833 88,446 69,230 934 36,170
Nov. 587,372 158,388 5,890 95,520 45 2,827 88,742 69,254 934 36,822
Dec. 592,900 160,131 5,735 96,648 55 2,738 89,050 68,943 1,034 37,256
2023 Jan. 596,778 164,918 5,613 96,992 20 2,634 88,992 68,900 764 37,334
Feb. 600,394 165,647 5,825 98,620 10 2,575 88,886 68,928 1,034 37,996
Mar. 608,638 167,447 6,210 100,198 11 2,583 88,986 68,843 1,034 39,881
Apr. 611,890 168,576 5,655 100,166 34 2,553 88,862 68,912 1,084 41,213
Period Credit risk (continued) Maturity

Commitments on behalf of a Commitments to Collateral Consumer loans Installments Short-term Medium-term Long-term
borrower to an individual or the borrower deposits for sales (less than one (1-5 years) (more than
legal entity other than derivatives year) 5 years)
reporting institutions, or to a transactions
non-resident credit
institution/financial
institution
2019 27,570 11,441 – 60,308 31 33,986 127,522 272,837
2020 28,662 14,668 – 61,350 31 33,401 143,007 290,361
2021 32,207 19,072 – 65,459 31 34,891 176,811 315,342
2022 38,536 25,052 – 67,691 31 47,466 215,535 329,898
2022 Apr. 33,752 21,525 – 66,456 31 38,881 189,207 323,089

May 34,195 22,661 – 67,058 31 39,352 194,982 325,632
Jun. 34,731 16,051 – 67,534 31 41,199 197,470 324,277
Jul. 35,746 21,933 – 67,858 31 41,856 204,394 329,495
Aug. 35,745 24,036 – 68,153 31 43,595 206,789 330,625
Sep. 36,343 23,937 – 68,361 31 44,937 209,242 331,568
Oct. 36,226 24,134 – 68,033 31 45,760 209,550 330,317
Nov. 36,835 24,008 – 68,076 31 47,070 210,439 329,863
Dec. 38,536 25,052 – 67,691 31 47,466 215,535 329,898
2023 Jan. 37,172 25,725 – 67,683 31 47,209 218,983 330,587
Feb. 37,485 25,501 – 67,856 32 47,982 220,723 331,688
Mar. 39,696 25,404 – 68,314 32 51,597 223,925 333,116
Apr. 40,153 26,367 – 68,283 32 51,813 226,964 333,113
*) It refers to the exposure to a single debtor, which is equal to or higher than lei 20,000. The granted amount is the loan granted or the commitment undertaken
according to the contract. The granted amount is not updated in the current month for the loans or commitments in foreign exchange reported in previous months.
Note: NBR Regulation No. 2/2012 on the organisation and functioning of the Central Credit Register operated by the National Bank of Romania
became effective on 1 February 2012, recast in Monitorul Oficial al Romaniei, Part I, No. 717 of 18 July 2022.

11.4. Loans granted by credit institutions*

(lei million)
loans Private State-owned Mixed Cooperatives Individuals Public Lei EUR USD Other
Joint venture Domestic private property
and state-owned
enterprises
2019 395,334 203,960 17,194 1,399 2,191 394 167,848 2,347 247,491 137,221 5,140 5,482
2020 423,439 218,266 19,398 1,816 2,674 472 178,604 2,209 276,036 137,601 5,220 4,582
2021 475,765 250,623 20,342 1,516 3,146 539 197,274 2,324 322,137 144,616 5,111 3,901
2022 529,312 286,764 24,497 1,792 4,836 717 208,120 2,586 350,772 170,136 4,919 3,485
2022 Apr. 495,900 264,170 20,796 1,267 4,357 525 202,410 2,375 338,160 148,349 5,732 3,660
May 503,111 269,047 21,221 1,492 4,156 534 204,163 2,498 343,487 150,078 5,931 3,615
Jun. 512,164 274,830 22,916 1,276 4,407 554 205,678 2,504 348,516 153,792 6,272 3,584
Jul. 518,066 278,736 23,081 1,594 4,933 563 206,657 2,502 352,768 155,962 5,725 3,612
Aug. 521,227 280,894 23,249 1,764 4,841 605 207,371 2,504 354,191 158,001 5,466 3,569
Sep. 525,468 283,757 23,611 1,776 4,951 639 208,141 2,593 354,719 161,139 6,077 3,532
Oct. 525,266 283,715 23,717 1,689 4,953 638 207,962 2,592 351,809 164,677 5,294 3,487
Nov. 526,530 284,939 23,800 1,748 4,529 669 208,251 2,592 350,755 167,267 5,057 3,452
Dec. 529,312 286,764 24,497 1,792 4,836 717 208,120 2,586 350,772 170,136 4,919 3,485
2023 Jan. 533,882 290,805 24,471 2,285 5,036 742 207,948 2,595 353,732 171,686 4,995 3,468
Feb. 537,408 294,171 24,571 2,287 4,886 767 208,120 2,604 353,930 174,595 5,441 3,441
Mar. 543,539 299,729 24,737 2,283 4,709 753 208,735 2,592 356,850 177,805 5,465 3,419
Apr. 545,370 301,125 24,906 2,771 4,510 764 208,704 2,590 358,153 178,684 5,133 3,400
Period Total Activity of borrower

loans Industry Services Construction Agriculture, Financial Public administration Individuals
forestry, fishery intermediation and and defence;
insurance activities compulsory social
security; education;
human health and
social work services
2019 395,334 60,232 95,729 22,385 17,843 13,319 17,974 167,848
2020 423,439 60,543 105,266 23,994 19,659 14,887 20,484 178,604
2021 475,765 66,891 117,523 27,377 22,807 21,827 22,066 197,274
2022 529,312 80,770 130,497 30,913 27,109 26,773 25,130 208,120
2022 Apr. 495,900 72,678 121,607 29,118 23,076 24,262 22,749 202,410
May 503,111 74,875 123,144 29,366 23,672 24,711 23,180 204,163
Jun. 512,164 77,411 126,152 29,950 24,585 25,041 23,347 205,678
Jul. 518,066 78,501 127,667 30,589 25,860 25,239 23,553 206,657
Aug. 521,227 79,669 127,945 30,886 26,399 25,275 23,682 207,371
Sep. 525,468 80,672 128,639 31,126 26,858 25,725 24,306 208,141
Oct. 525,266 80,138 128,352 31,381 26,938 26,130 24,365 207,962
Nov. 526,530 79,833 128,726 31,605 27,128 26,560 24,426 208,251
Dec. 529,312 80,770 130,497 30,913 27,109 26,773 25,130 208,120
2023 Jan. 533,882 82,374 133,145 31,384 27,236 26,624 25,169 207,948
Feb. 537,408 82,732 134,363 31,644 27,400 27,747 25,402 208,120
Mar. 543,539 85,776 135,805 32,050 27,556 27,850 25,766 208,735
Apr. 545,370 85,609 137,060 32,538 27,558 27,908 25,993 208,704

Statistical Section
Period Credit institutions by ownership Credit institutions by legal status Maturity

State-owned and Private and majority Credit institutions- Branches in Romania Short-term Medium-term Long-term
majority state-owned privately owned Romanian legal entities of foreign credit (less than one year) (1-5 years) (more than 5 years)
credit institutions credit institutions institutions
2019 42,435 352,899 355,455 39,878 30,300 112,455 252,579

2020 48,020 375,419 380,474 42,966 28,799 126,549 268,092
2021 56,466 419,299 425,952 49,813 28,648 156,572 290,545
2022 62,292 467,020 471,481 57,830 38,497 186,940 303,875
2022 Apr. 58,628 437,272 443,780 52,120 30,965 167,172 297,762

May 59,449 443,662 450,269 52,841 31,870 171,244 299,996
Jun. 60,199 451,965 458,686 53,478 34,133 176,189 301,842
Jul. 61,167 456,899 463,948 54,118 33,925 180,630 303,511
Aug. 61,371 459,856 466,059 55,168 34,959 181,942 304,326
Sep. 61,838 463,629 469,789 55,679 36,875 183,213 305,380
Oct. 61,763 463,504 469,434 55,832 37,570 183,351 304,346
Nov. 61,685 464,845 470,198 56,332 38,704 184,027 303,798
Dec. 62,292 467,020 471,481 57,830 38,497 186,940 303,875
2023 Jan. 63,008 470,874 475,059 58,823 39,098 190,435 304,348
Feb. 63,125 474,282 478,687 58,720 39,436 192,552 305,420
Mar. 63,405 480,134 483,345 60,194 42,158 195,283 306,098
Apr. 63,482 481,888 484,929 60,441 42,577 196,979 305,814
*) It refers to the exposure to a single debtor, which is equal to or higher than lei 20,000. The granted amount is the loan granted according to the contract. The granted amount is not
updated in the current month for the loans or commitments in foreign exchange reported in previous months.
Note: NBR Regulation No. 2/2012 on the organisation and functioning of the Central Credit Register operated by the National Bank of Romania became effective on 1 February 2012,
recast in Monitorul Oficial al Romaniei, Part I, No. 717 of 18 July 2022.
11.5. Debts overdue for more than 30 days incurred by individuals

Period Number of Number of Past-due debts (lei million) Number of reporting
individuals past-due Total Currency Type of delay entities
incurring debts
debts overdue lei EUR USD other Delay from Delay from Delay of Upon Off-balance
more than 30 31 days to 60 61 days to 90 more than collection sheet loans Credit NBFIs
days days days 90 days institutions
2022 Apr. 484,808 706,436 6,196.1 3,891.9 1,504.2 43.5 756.6 41.5 46.0 3,047.2 2,197.8 863.6 30 42
May 479,509 698,614 6,161.3 3,893.5 1,482.4 42.6 742.8 39.0 48.1 3,077.7 2,200.9 795.6 30 42
Jun. 486,603 707,200 6,166.9 3,906.1 1,453.0 45.1 762.8 40.9 49.7 3,066.7 2,209.2 800.5 30 42
Jul. 475,926 690,132 6,150.2 3,883.6 1,438.7 45.9 782.0 40.2 48.3 3,050.5 2,201.7 809.4 31 44
Aug. 482,391 700,531 6,177.0 3,966.6 1,398.9 46.2 765.4 44.2 52.3 3,010.7 2,247.3 822.6 31 44
Sep. 479,099 699,898 6,265.3 4,018.2 1,405.6 47.8 793.7 43.4 50.5 3,054.4 2,283.6 833.5 31 44
Oct. 475,766 695,204 6,143.0 3,954.0 1,385.6 46.6 756.9 43.6 51.2 2,953.5 2,282.3 812.4 31 42
Nov. 477,343 702,464 6,164.8 4,003.3 1,356.2 43.8 761.5 45.7 53.8 2,936.9 2,318.7 809.8 31 42
Dec. 475,402 701,648 6,142.9 4,018.3 1,339.9 42.8 741.9 45.3 53.6 2,877.2 2,343.5 823.3 31 42
2023 Jan. 472,550 701,150 6,102.4 4,012.2 1,326.1 42.0 722.1 47.1 57.6 2,867.2 2,314.4 816.1 31 42
Feb. 476,229 711,700 6,156.7 4,073.1 1,317.3 42.9 723.5 46.8 58.5 2,890.7 2,342.0 818.6 31 42
Mar. 475,815 712,787 6,115.7 4,061.2 1,288.7 42.0 723.9 45.4 52.4 2,894.1 2,328.7 795.1 31 44
Apr. 479,828 722,140 6,140.0 4,090.2 1,282.5 41.4 725.8 52.0 58.8 2,888.2 2,346.3 794.7 31 46
Source: Credit Bureau.

11.6. Loans granted and commitments assumed by NBFI + EMI + PI*

(lei million)
loans Private State-owned Mixed Cooperatives Individuals Public Lei EUR USD Other
Joint venture Domestic private property
and state-owned
enterprises
2019 48,788 42,770 794 10 95 255 4,676 188 11,805 36,840 111 32
2020 51,056 45,015 735 8 156 258 4,713 170 12,016 38,838 170 32
2021 55,704 49,226 569 7 158 288 5,303 154 13,086 42,392 199 26
2022 63,425 56,268 530 8 136 329 5,988 165 15,300 47,873 226 26
2022 Apr. 57,403 50,875 527 8 158 288 5,399 149 13,572 43,614 191 26
May 58,184 51,557 525 8 155 298 5,496 145 13,746 44,222 190 26
Jun. 58,869 52,224 524 9 152 307 5,510 143 13,837 44,817 190 26
Jul. 60,488 53,784 534 8 149 312 5,558 145 14,737 45,537 189 26
Aug. 61,216 54,488 534 8 149 326 5,568 144 14,869 46,133 189 26
Sep. 62,007 55,257 533 8 148 324 5,588 148 15,170 46,623 188 26
Oct. 63,221 56,128 544 8 145 334 5,905 158 15,534 47,434 227 26
Nov. 63,852 56,700 543 8 137 339 5,964 161 15,603 47,996 227 26
Dec. 63,425 56,268 530 8 136 329 5,988 165 15,300 47,873 226 26
2023 Jan. 62,641 56,018 158 8 1 320 6,016 119 14,258 48,131 225 26
Feb. 63,602 56,912 161 10 1 340 6,061 118 14,413 48,937 225 26
Mar. 64,512 57,703 166 10 1 350 6,158 125 14,471 49,811 205 26
Apr. 65,860 58,913 165 10 1 402 6,239 130 15,160 50,492 182 26
Period Total Activity of borrower Legal status of NBFI + EMI + PI

loans Industry Services Construction Agriculture, Financial Public Individuals NBFIs + EMI + PI – Branches in
forestry, fishery intermediation administration Romanian legal entities Romania of
and insurance and defence; foreign NBFIs
activities compulsory social
security;
education; human
health and social
work services
2019 48,788 5,577 22,626 3,777 10,426 253 1,453 4,676 48,386 402
2020 51,056 5,903 22,858 4,567 11,315 277 1,423 4,713 50,576 480
2021 55,704 6,101 24,471 5,602 12,519 288 1,420 5,303 55,096 608
2022 63,425 6,512 27,400 7,029 14,620 342 1,533 5,988 62,774 651
2022 Apr. 57,403 6,172 24,819 5,816 13,479 299 1,419 5,399 56,773 630
May 58,184 6,199 25,114 5,920 13,722 296 1,436 5,496 57,553 631
Jun. 58,869 6,192 25,421 6,036 14,012 254 1,444 5,510 58,227 642
Jul. 60,488 6,365 25,806 6,730 14,242 330 1,458 5,558 59,850 638
Aug. 61,216 6,416 26,011 6,804 14,616 333 1,468 5,568 60,571 646
Sep. 62,007 6,430 26,306 6,987 14,882 335 1,479 5,588 61,357 649
Oct. 63,221 6,514 26,753 7,054 15,133 337 1,525 5,905 62,578 643
Nov. 63,852 6,460 27,172 7,120 15,262 338 1,536 5,964 63,206 646
Dec. 63,425 6,512 27,400 7,029 14,620 342 1,533 5,988 62,774 651
2023 Jan. 62,641 6,395 27,383 6,802 14,572 335 1,136 6,016 62,027 613
Feb. 63,602 6,476 27,874 6,912 14,799 339 1,141 6,061 62,992 610
Mar. 64,512 6,539 28,338 6,908 15,146 266 1,157 6,158 63,893 619
Apr. 65,860 6,636 28,874 7,166 15,464 269 1,212 6,239 65,212 648

Statistical Section
Period Total Credit risk

loans Treasury loans Inventory loans Equipment loans Foreign trade Commercial Housing Other real estate Bonds Other loans
loans loans loans loans
2019 48,788 1,913 1,520 14,844 – 93 225 1,365 – 24,725

2020 51,056 2,072 1,488 13,170 – 74 251 1,461 – 28,509
2021 55,704 2,266 1,628 12,814 – 152 266 1,566 – 32,668
2022 63,425 3,174 2,150 13,855 – 204 423 1,635 – 37,243
2022 Apr. 57,403 2,783 1,539 12,980 – 283 274 1,602 – 33,785
May 58,184 2,892 1,503 13,104 – 286 287 1,618 – 34,280
Jun. 58,869 2,987 1,489 13,306 – 277 297 1,645 – 34,680
Jul. 60,488 2,822 1,693 13,483 – 234 412 1,673 – 35,172
Aug. 61,216 2,856 1,939 13,600 – 193 405 1,657 – 35,565
Sep. 62,007 3,030 2,037 13,601 – 309 418 1,643 – 36,003
Oct. 63,221 3,073 2,119 14,262 – 268 425 1,636 – 36,461
Nov. 63,852 3,155 2,147 14,363 – 234 415 1,642 – 36,911
Dec. 63,425 3,174 2,150 13,855 – 204 423 1,635 – 37,243
2023 Jan. 62,641 3,131 2,149 13,928 – 199 429 1,631 – 37,384
Feb. 63,602 3,217 2,129 14,175 – 204 414 1,643 – 37,975
Mar. 64,512 3,301 2,115 14,466 – 77 417 1,632 – 38,582
Apr. 65,860 3,422 2,114 14,625 – 146 426 1,625 – 39,146
Period Credit risk (continued) Maturity

Commitments on behalf of a Commitments to Collateral deposits Consumer loans Installments sales Short-term Medium-term Long-term
borrower to an individual or legal the borrower for derivatives (less than one year) (1-5 years) (more than
entity other than the reporting transactions 5 years)
institutions, or to a non-resident
credit institution/financial
institution
2019 879 5 – 3,215 4 1,360 24,270 23,158
2020 995 14 – 3,019 4 1,171 25,135 24,751
2021 932 13 – 3,391 7 1,309 27,835 26,560
2022 989 34 – 3,716 2 2,150 31,982 29,293
2022 Apr. 622 24 – 3,504 7 1,541 28,787 27,075

May 611 27 – 3,568 6 1,580 29,265 27,338
Jun. 607 29 – 3,550 3 1,603 29,613 27,654
Jul. 1,366 31 – 3,599 3 1,794 30,483 28,211
Aug. 1,345 36 – 3,617 3 1,944 30,776 28,497
Sep. 1,294 43 – 3,627 3 2,140 31,171 28,695
Oct. 1,268 39 – 3,668 3 2,198 31,832 29,190
Nov. 1,236 38 – 3,708 2 2,227 32,207 29,418
Dec. 989 34 – 3,716 2 2,150 31,982 29,293
2023 Jan. 1 43 – 3,740 4 2,141 31,454 29,046
Feb. 5 54 – 3,782 4 2,213 32,032 29,357
Mar. 5 54 – 3,858 4 2,239 32,574 29,699
Apr. 383 55 – 3,914 3 2,411 33,385 30,064
*) It refers to the exposure to a single debtor, which is equal to or higher than lei 20,000. The granted amount is the loan granted or the commitment undertaken according to the contract.
The granted amount is not updated in the current month for the loans or commitments in foreign exchange reported in previous months.

11.7. Loans granted by NBFI + EMI + PI*

(lei million)
loans Private State-owned Mixed Cooperatives Individuals Public property Lei EUR USD Other
Joint venture Domestic private
and state-owned
enterprises
2019 47,904 42,726 135 10 – 253 4,676 104 10,928 36,832 111 32
2020 50,047 44,812 172 8 1 253 4,713 88 11,037 38,809 170 32
2021 54,759 48,951 144 7 1 270 5,303 84 12,172 42,362 199 26
2022 62,402 55,812 155 8 1 322 5,988 116 14,312 47,838 226 26
2022 Apr. 56,757 50,846 129 8 1 288 5,399 86 12,949 43,591 191 26
May 57,546 51,525 131 8 1 298 5,496 86 13,134 44,196 190 26
Jun. 58,234 52,187 133 9 1 307 5,510 86 13,229 44,789 190 26
Jul. 59,091 52,996 135 8 1 304 5,558 90 13,382 45,494 189 26
Aug. 59,836 53,714 138 8 1 318 5,568 89 13,534 46,087 189 26
Sep. 60,670 54,523 139 8 1 317 5,588 93 13,887 46,569 188 26
Oct. 61,914 55,429 140 8 1 326 5,905 106 14,276 47,385 227 26
Nov. 62,578 56,016 146 8 1 331 5,964 112 14,378 47,947 227 26
Dec. 62,402 55,812 155 8 1 322 5,988 116 14,312 47,838 226 26
2023 Jan. 62,596 55,974 158 8 1 320 6,016 119 14,257 48,087 225 26
Feb. 63,543 56,854 160 10 1 340 6,061 118 14,408 48,883 225 26
Mar. 64,453 57,647 162 10 1 350 6,158 125 14,462 49,760 205 26
Apr. 65,422 58,520 160 10 1 363 6,239 129 14,775 50,439 182 26
Period Total Activity of borrower

loans Industry Services Construction Agriculture, Financial Public administration Individuals
forestry, intermediation and and defence;
fishery insurance activities compulsory social
security; education;
human health and
social work services
2019 47,904 5,560 22,498 3,769 10,391 253 756 4,676
2020 50,047 5,878 22,597 4,501 11,245 277 836 4,713
2021 54,759 6,077 24,212 5,519 12,385 288 975 5,303
2022 62,402 6,458 27,180 6,746 14,546 342 1,143 5,988
2022 Apr. 56,757 6,169 24,627 5,811 13,449 299 1,004 5,399
May 57,546 6,196 24,929 5,914 13,691 296 1,023 5,496
Jun. 58,234 6,184 25,235 6,032 13,982 254 1,036 5,510
Jul. 59,091 6,277 25,520 6,199 14,151 330 1,058 5,558
Aug. 59,836 6,328 25,730 6,281 14,525 333 1,070 5,568
Sep. 60,670 6,355 26,025 6,491 14,793 335 1,083 5,588
Oct. 61,914 6,441 26,484 6,579 15,051 337 1,117 5,905
Nov. 62,578 6,388 26,920 6,654 15,179 338 1,135 5,964
Dec. 62,402 6,458 27,180 6,746 14,546 342 1,143 5,988
2023 Jan. 62,596 6,391 27,356 6,791 14,570 335 1,136 6,016
Feb. 63,543 6,462 27,845 6,901 14,797 338 1,140 6,061
Mar. 64,453 6,525 28,304 6,901 15,144 266 1,155 6,158
Apr. 65,422 6,551 28,767 7,010 15,379 267 1,209 6,239

Statistical Section
Period Legal status of NBFIs + EMI + PI Maturity

NBFIs + EMI + PI – Romanian Branches in Romania of Short-term Medium-term Long-term
legal entities foreign NBFIs (less than one year) (1-5 years) (more than 5 years)
2019 47,502 402 1,336 23,710 22,858

2020 49,567 480 1,124 24,470 24,453
2021 54,151 608 1,257 27,244 26,259
2022 61,751 651 2,113 31,420 28,869
2022 Apr. 56,127 630 1,519 28,452 26,785

May 56,914 631 1,556 28,939 27,050
Jun. 57,592 642 1,579 29,290 27,364
Jul. 58,454 638 1,673 29,648 27,770
Aug. 59,190 646 1,835 29,943 28,057
Sep. 60,020 649 2,038 30,376 28,255
Oct. 61,271 643 2,112 31,048 28,754
Nov. 61,932 646 2,146 31,447 28,985
Dec. 61,751 651 2,113 31,420 28,869
2023 Jan. 61,983 613 2,113 31,447 29,036
Feb. 62,933 610 2,171 32,025 29,347
Mar. 63,833 619 2,201 32,562 29,690
Apr. 64,774 648 2,253 33,184 29,985
*) It refers to the exposure to a single debtor, which is equal to or higher than lei 20,000. The granted amount is the loan granted according to the contract. The granted amount is not updated
in the current month for the loans or commitments in foreign exchange reported in previous months.

11.8. Rejected debit payment instruments 11.9. Account holders that generated payment incidents
Period Total of which: major reasons Period Total Risky Entities
Number Amount (lei thou.) Number Amount (lei thou.) (number) entities under a ban
1) Cheques 1) Individuals
2022 May 53 1,622.8 34 1,319.7 2022 May 4 1 –
Jun. 38 2,702.6 25 641.0 Jun. 2 2 –
Jul. 28 1,555.9 13 545.4 Jul. 7 7 –
Aug. 59 1,635.5 45 942.6 Aug. 5 4 –
Sep. 45 1,376.6 26 497.8 Sep. 5 3 –
Oct. 50 3,316.1 19 2,153.4 Oct. 6 5 –
Nov. 56 45,912.2 21 30,618.1 Nov. 2 1 –
Dec. 53 912.8 31 687.2 Dec. 11 8 –
2023 Jan. 45 1,426.3 23 733.1 2023 Jan. 2 1 –
Feb. 94 2,009.0 41 1,147.3 Feb. 7 6 –
Mar. 56 2,592.2 19 696.6 Mar. 6 5 –
Apr. 36 524.6 12 173.1 Apr. 5 4 –
May 47 1,079.3 25 736.6 May 1 1 –
2) Bills of exchange 2) Legal entities
2022 May 1 139.3 1 139.3 2022 May 1,297 863 23
Jun. 4 25.6 – – Jun. 1,294 837 21
Jul. 7 302.2 2 287.5 Jul. 1,271 801 11
Aug. 3 10.4 – – Aug. 1,458 977 23
Sep. 1 144.4 – – Sep. 1,371 846 16
Oct. – – – – Oct. 1,346 866 17
Nov. – – – – Nov. 1,307 821 11
Dec. – – – – Dec. 1,430 938 27
2023 Jan. – – – – 2023 Jan. 1,303 847 16
Feb. – – – – Feb. 1,388 877 21
Mar. – – – – Mar. 1,377 903 16
Apr. – – – – Apr. 1,166 764 9
May – – – – May 1,448 895 15
3) Promissory notes * Total
2022 May 2,159 126,413.3 1,420 49,938.1 2022 May 1,301 864 23
Jun. 2,280 99,710.9 1,447 54,490.8 Jun. 1,296 839 21
Jul. 2,180 89,862.7 1,420 45,109.5 Jul. 1,278 808 11
Aug. 2,569 126,253.0 1,689 65,068.9 Aug. 1,463 981 23
Sep. 2,546 186,010.7 1,666 138,390.3 Sep. 1,376 849 16
Oct. 2,434 118,213.8 1,567 73,884.7 Oct. 1,352 871 17
Nov. 2,531 129,783.6 1,590 69,563.6 Nov. 1,309 822 11
Dec. 2,753 173,834.7 1,690 93,093.1 Dec. 1,441 946 27
2023 Jan. 2,241 143,972.4 1,439 71,190.4 2023 Jan. 1,305 848 16
Feb. 2,480 158,661.0 1,515 76,442.7 Feb. 1,395 883 21
Mar. 2,562 409,084.4 1,657 61,156.9 Mar. 1,383 908 16
Apr. 2,091 201,829.2 1,366 102,989.7 Apr. 1,171 768 9
May 2,463 129,342.6 1,523 63,956.9 May 1,449 896 15
Total *
2022 May 2,213 128,175.4 1,455 51,397.1
Jun. 2,322 102,439.1 1,472 55,131.8
Jul. 2,215 91,720.8 1,435 45,942.4
Aug. 2,631 127,898.9 1,734 66,011.5
Sep. 2,592 187,531.7 1,692 138,888.2
Oct. 2,484 121,529.9 1,586 76,038.0
Nov. 2,587 175,695.8 1,611 100,181.6
Dec. 2,806 174,747.5 1,721 93,780.3
2023 Jan. 2,286 145,398.7 1,462 71,923.4
Feb. 2,574 160,669.9 1,556 77,590.0
Mar. 2,618 411,676.7 1,676 61,853.4
Apr. 2,127 202,353.8 1,378 103,162.7
May 2,510 130,421.9 1,548 64,693.6

Statistical Section
12. MONEY MARKET INDICATORS

12.1. Interbank operations
Period Deposits Transactions ROBID ROBOR 1-week 1-week
daily average average interest daily average average interest ON ON ROBID ROBOR
(lei mn.) rate (% p.a.) (lei mn.) rate (% p.a.) average interest rate (% p.a.) average interest rate (% p.a.)
2022 May 4,082.7 4.25 1,631.7 4.14 4.15 4.45 4.42 4.72
Jun. 4,401.4 4.66 1,912.8 4.25 4.27 4.57 4.70 5.00
Jul. 5,421.2 5.22 2,141.4 4.72 4.62 4.91 5.09 5.38
Aug. 4,703.8 6.52 2,223.4 6.21 6.15 6.44 6.33 6.62
Sep. 5,463.9 6.41 2,361.0 6.02 5.98 6.28 6.29 6.58
Oct. 5,368.4 6.73 2,046.8 6.37 6.15 6.45 6.53 6.82
Nov. 5,064.6 6.56 1,995.7 5.89 5.68 5.97 5.83 6.13
Dec. 4,166.2 6.43 1,429.6 5.79 5.61 5.90 5.73 6.02
2023 Jan. 3,205.2 6.42 1,202.1 5.89 5.73 6.02 5.80 6.09
Feb. 3,046.3 6.49 776.7 6.04 5.85 6.14 5.90 6.19
Mar. 1,839.0 6.66 507.8 5.99 5.77 6.06 5.82 6.11
Apr. 2,217.7 6.51 779.4 5.91 5.77 6.06 5.80 6.10
May 2,358.3 6.43 792.5 5.97 5.74 6.03 5.76 6.06
12.2. Government securities (new and roll-over issues)

Period Discount treasury certificates Treasury certificates Interest-bearing government bonds
nominal value average nominal value average interest rate nominal value average
allotted amount average yield (EUR mn.) interest rate (lei mn.) (% p.a.) (EUR mn.) interest rate
(lei mn.) (% p.a.) (% p.a.) (% p.a.)
interest-bearing inflation-linked interest-bearing inflation-linked
government interest-bearing government interest-bearing
bonds government bonds government
bonds bonds (accepted
margin)
2022 May 200.0 6.93 – x 3,601.6 – 7.90 x – x

Jun. – x – x 2,114.5 – 8.71 x – x
Jul. 688.7 8.85 – x 6,173.9 – 8.86 x – x
Aug. 1,443.4 7.57 – x 10,446.1 – 8.08 x – x
Sep. 258.5 7.42 – x 3,484.1 – 8.00 x – x
Oct. – x – x 3,310.7 – 9.20 x – x
Nov. 378.1 8.50 405.6 2.87 8,819.0 – 8.70 x 349.3 4.13
Dec. 301.3 6.99 – x 6,712.6 – 7.78 x – x
2023 Jan. 5,003.0 6.44 – x 21,226.4 – 7.46 x – x
Feb. 250.5 6.96 – x 5,908.0 – 7.48 x – x
Mar. 423.4 6.70 – x 7,163.5 – 7.40 x – x
Apr. 500.0 6.51 – x 5,600.8 – 7.37 x – x
May 401.1 6.40 – x 12,409.4 – 7.21 x – x

13. FOREIGN EXCHANGE MARKET INDICATORS

13.1. Interbank foreign exchange market
Period Turnover1 Exchange rate calculated and published by the NBR (EUR/RON) Exchange rate calculated and published by the NBR (USD/RON)
(EUR mn.) end of period average1,2 percentage change against: end of period average1,2 percentage change against:
end of previous same period of end of previous same period of
year previous year year previous year
2019 34,181.0 4.7793 4.7452 2.7 2.0 4.2608 4.2379 5.2 7.5
2020 30,728.5 4.8694 4.8371 2.0 1.9 3.9660 4.2440 -6.9 0.1
2021 32,834.1 4.9481 4.9204 1.6 1.7 4.3707 4.1604 9.5 -2.0
2022 43,232.7 4.9474 4.9315 -0.5 0.2 4.6346 4.6885 6.1 12.7
2022 May 37,341.3 4.9430 4.9462 -0.1 0.4 4.6037 4.6776 6.8 15.4
Jun. 44,411.2 4.9454 4.9448 -0.1 0.4 4.7424 4.6756 6.8 14.4
Jul. 41,880.0 4.9351 4.9398 -0.2 0.3 4.8412 4.8507 10.8 16.5
Aug. 55,876.1 4.8605 4.8953 -1.1 -0.6 4.8707 4.8344 10.4 15.6
Sep. 51,282.7 4.9490 4.9080 -0.8 -0.8 5.0469 4.9531 13.1 17.9
Oct. 40,973.4 4.9141 4.9266 -0.5 -0.4 4.9487 5.0140 14.5 17.5
Nov. 38,143.0 4.9184 4.9131 -0.7 -0.7 4.7383 4.8248 10.2 11.3
Dec. 40,491.3 4.9474 4.9224 -0.5 -0.5 4.6346 4.6477 6.1 6.1
2023 Jan. 40,811.5 4.9221 4.9227 0.0 -0.4 4.5466 4.5690 -1.7 4.6
Feb. 34,918.9 4.9200 4.9077 -0.3 -0.8 4.6376 4.5795 -1.5 5.0
Mar. 51,282.4 4.9491 4.9263 0.1 -0.4 4.5463 4.6031 -1.0 2.5
Apr. 41,621.6 4.9353 4.9364 0.3 -0.1 4.4915 4.5045 -3.1 -1.3
May 51,317.5 4.9696 4.9481 0.5 0.0 4.6562 4.5546 -2.0 -2.6
1) Annual figures based on monthly averages.
2) Monthly exchange rates are determined as an average of daily exchange rates calculated and published by the National Bank of Romania every business day, based on the quotes of the banks
licensed to perform foreign exchange transactions.
13.2. Daily exchange rate calculated and published by the NBR, April 2023
(RON)
Day CAD CHF EUR GBP 100 JPY USD SDR 1g of gold
3 3.3787 4.9675 4.9419 5.6215 3.4139 4.5539 6.1207 287.6190
4 3.3669 4.9556 4.9380 5.6525 3.4000 4.5158 6.0928 287.9119
5 3.3407 4.9736 4.9316 5.6149 3.4214 4.5027 6.0801 292.9471
6 3.3595 5.0005 4.9370 5.6452 3.4480 4.5283 6.1073 294.0329
7 3.3504 5.0012 4.9367 5.6278 3.4351 4.5233 6.1012 292.2056
10 3.3501 4.9891 4.9315 5.6212 3.4203 4.5210 6.0948 290.9101
11 3.3485 4.9995 4.9338 5.6213 3.3971 4.5223 6.0921 291.2995
12 3.3574 5.0080 4.9381 5.6089 3.3780 4.5196 6.0888 292.2774
13 3.3469 5.0371 4.9432 5.6115 3.3693 4.4844 6.0641 292.1414
18 3.3659 5.0172 4.9372 5.5946 3.3536 4.4994 6.0692 289.3661
19 3.3591 5.0170 4.9330 5.5984 3.3426 4.5145 6.0757 286.5522
20 3.3388 5.0216 4.9305 5.5898 3.3368 4.4966 6.0618 289.0487
21 3.3344 5.0443 4.9401 5.5836 3.3687 4.5092 6.0778 287.9136
24 3.3066 5.0327 4.9293 5.5661 3.3311 4.4751 6.0416 285.5306
25 3.2943 5.0447 4.9340 5.5777 3.3401 4.4704 6.0396 285.9020
26 3.2821 5.0278 4.9401 5.5814 3.3519 4.4743 6.0459 287.3562
27 3.2864 5.0128 4.9439 5.5775 3.3491 4.4794 6.0504 287.7115
28 3.2888 5.0133 4.9353 5.5968 3.3035 4.4915 6.0514 286.4296

Statistical Section
14. CAPITAL MARKET INDICATORS

14.1. Bucharest Stock Exchange – Regulated market
Period Number Number Turnover Market BET index BET-FI index BET-XT index BET-NG index BET Plus index ROTX index
of shares traded of trades (lei mn.) capitalisation (points) (points) (points) (points) (points) (points)
(thousand) (lei mn.)
2019 7,098,563 468,327 9,678.4 180,853.6 9,977.3 47,546.9 914.8 785.9 1,490.1 20,876.9
2020 9,857,519 744,793 12,227.0 154,365.4 9,805.6 43,077.9 871.6 693.1 1,464.8 20,559.9
2021 8,014,603 1,000,383 11,032.9 229,078.5 13,061.3 52,157.9 1,142.5 897.0 1,947.9 27,997.6
2022 11,892,881 1,198,509 12,767.6 197,182.1 11,663.5 50,284.4 1,018.6 852.3 1,748.1 25,947.9
2022 May 554,236 98,729 685.5 203,681.0 12,509.8 49,715.1 1,084.4 892.9 1,869.3 27,562.6
Jun. 746,145 95,255 1,266.3 193,242.4 12,294.3 50,404.6 1,073.4 936.3 1,834.9 27,410.7
Jul. 701,297 77,374 872.0 196,094.5 12,460.1 50,092.2 1,090.7 977.4 1,857.9 27,881.2
Aug. 375,723 80,890 505.8 185,093.3 12,058.1 50,985.0 1,059.1 912.9 1,798.8 27,373.0
Sep. 676,746 113,704 821.0 171,322.8 10,639.4 47,213.2 942.7 825.5 1,588.3 24,087.2
Oct. 366,459 68,731 403.0 177,798.2 10,802.7 47,632.7 954.7 827.8 1,616.2 24,315.8
Nov. 369,534 79,510 592.2 197,718.1 11,730.7 49,855.6 1,027.2 877.7 1,751.6 26,356.4
Dec. 3,009,962 93,096 2,074.0 197,182.1 11,663.5 50,284.4 1,018.6 852.3 1,748.1 25,947.9
2023 Jan. 479,570 70,973 583.2 212,217.2 12,139.4 49,749.1 1,058.0 903.5 1,814.1 27,027.1
Feb. 468,853 75,219 531.2 219,558.3 12,310.4 50,946.3 1,072.9 932.5 1,841.1 27,145.2
Mar. 928,043 110,934 1,201.1 204,016.9 12,111.5 50,303.7 1,054.5 919.3 1,809.1 26,906.4
Apr. 285,030 65,264 454.5 211,065.4 12,267.6 50,946.5 1,070.4 939.7 1,829.1 27,501.1
May 509,037 93,731 696.5 208,336.9 12,229.5 50,968.9 1,068.8 943.6 1,822.3 27,061.2
Source: Bucharest Stock Exchange.

15. ROMANIA’S BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION INDICATORS

15.1. Balance of payments
(EUR million)
2021* 2022**
Items
Credit Debit Balance Credit Debit Balance
1. CURRENT ACCOUNT 110,299 127,772 -17,473 136,527 163,217 -26,689
A. Goods and services 98,079 111,780 -13,702 122,833 142,467 -19,633
a. Goods 70,196 93,318 -23,122 85,833 118,177 -32,343
- General merchandise on a balance of payments basis*** 70,042 93,318 -23,276 85,614 118,177 -32,562
- Net exports of goods under merchanting 154 – 154 219 – 219
- Goods acquired under merchanting (negative credit) -654 – -654 -647 – -647
- Goods sold under merchanting 808 – 808 866 – 866
b. Services 27,883 18,463 9,420 37,000 24,290 12,710
B. Primary income 6,529 11,371 -4,842 6,779 15,585 -8,806
a. Compensation of employees 3,825 175 3,650 3,819 322 3,497
b. Investment income 752 10,932 -10,180 1,030 14,907 -13,877
- Direct investment income 207 8,971 -8,764 156 12,076 -11,919
- Portfolio investment income 279 1,718 -1,440 426 2,052 -1,626
- Other investment income 73 243 -169 227 779 -552
- Reserve assets income 193 – 193 221 – 221
c. Other primary income 1,952 264 1,687 1,930 356 1,574
C. Secondary income 5,691 4,620 1,070 6,915 5,165 1,750
a. General government 1,426 2,537 -1,111 1,972 3,010 -1,038
b. Other sectors 4,265 2,083 2,181 4,943 2,155 2,788
2. CAPITAL ACCOUNT 5,657 414 5,243 7,814 806 7,008
A. Gross acquisitions/disposals of non-produced non-financial assets 517 410 108 924 806 119
B. Capital transfers 5,139 4 5,135 6,890 0 6,890
a. General government 5,080 4 5,076 6,879 – 6,879
b. Other sectors 59 0 59 11 0 10
Net Net Net Net Net Net
acquisition**** incurrence**** acquisition**** incurrence****
of financial assets of liabilities of financial assets of liabilities
3. FINANCIAL ACCOUNT 3,844 18,540 -14,696 8,682 24,642 -15,960
A. Direct investment 1,112 9,933 -8,821 1,668 11,295 -9,627
a. Equity and investment funds shares/units 169 6,747 -6,577 1,048 7,936 -6,889
- Equity other than reinvestment of earnings 118 2,164 -2,046 1,048 661 386
- Reinvestment of earnings 51 4,582 -4,530 – 7,275 -7,275
b. Debt instruments 942 3,186 -2,244 620 3,359 -2,739
B. Portfolio investment 1,582 5,056 -3,475 1,269 6,236 -4,967
a. Equity and investment fund shares 7 -124 130 627 -238 865
- Equity securities -180 77 -257 580 -3 583
- Investment fund shares 187 -201 387 47 -235 281
b. Debt securities 1,575 5,180 -3,605 642 6,474 -5,832
- Short-term 413 228 185 110 -27 137
- Long-term 1,162 4,952 -3,790 532 6,501 -5,969
C. Financial derivatives 153 x 153 353 x 353
D. Other investment -1,253 3,551 -4,804 -1,181 7,111 -8,292
a. Other equity – – – – – –
b. Currency and deposits -2,653 271 -2,924 -3,417 1,860 -5,277
- Short-term -2,353 54 -2,407 -3,864 1,066 -4,930
- Long-term -300 217 -517 447 794 -347
c. Loans -116 -227 112 151 2,496 -2,345
- Short-term -31 158 -189 116 -345 461
- Long-term -85 -385 300 35 2,841 -2,806
d. Insurance, pension and standardised guarantee schemes 318 -10 328 171 6 164
e. Trade credits and advances 1,102 1,384 -282 1,864 2,617 -753
- Short-term 1,021 1,412 -391 1,701 2,653 -952
- Long-term 81 -28 109 163 -36 199
f. Other accounts receivable/payable 96 36 60 50 132 -82
- Short-term 98 37 61 53 117 -64
- Long-term -2 -1 -2 -3 15 -18
g. SDRs – 2,097 -2,097 – – –
E. Reserve assets 2,251 – 2,251 6,574 – 6,574
4. Net errors and omissions x x -2,465 x x 3,721
*) Semifinal data; **) Provisional data; ***) FOB imports are calculated by the NBR, based on a CIF/FOB coefficient published by the NIS; ****) "+" Increase; "-" Decrease.
Note: Data are compiled and shown in compliance with BPM6.
Cumulative values are calculated by adding monthly flows expressed in EUR millions and rounded to the nearest whole number.

Statistical Section
2022 (January-April)** 2023 (January-April)**

Items
42,637 50,356 -7,719 47,607 53,071 -5,465 1. CURRENT ACCOUNT
37,558 43,529 -5,971 42,000 45,509 -3,509 A. Goods and services
26,963 36,267 -9,304 29,042 37,603 -8,561 a. Goods
26,892 36,267 -9,375 29,014 37,603 -8,589 - General merchandise on a balance of payments basis***
71 – 71 28 – 28 - Net exports of goods under merchanting
-231 – -231 -249 – -249 - Goods acquired under merchanting (negative credit)
302 – 302 277 – 277 - Goods sold under merchanting
10,595 7,262 3,333 12,957 7,906 5,052 b. Services
3,106 5,270 -2,164 3,467 5,844 -2,377 B. Primary income
1,154 84 1,069 1,255 106 1,150 a. Compensation of employees
204 5,076 -4,872 509 5,644 -5,135 b. Investment income
25 4,315 -4,291 34 4,328 -4,294 - Direct investment income
113 593 -481 105 876 -771 - Portfolio investment income
27 167 -140 135 440 -305 - Other investment income
39 – 39 235 – 235 - Reserve assets income
1,749 110 1,639 1,703 95 1,608 c. Other primary income
1,973 1,557 416 2,140 1,719 422 C. Secondary income
514 922 -408 750 990 -240 a. General government
1,459 635 824 1,390 729 662 b. Other sectors
1,176 113 1,063 1,337 359 978 2. CAPITAL ACCOUNT
196 113 83 437 359 78 A. Gross acquisitions/disposals of non-produced non-financial assets
980 0 980 900 0 900 B. Capital transfers
971 – 971 899 – 899 a. General government
8 0 8 0 0 0 b. Other sectors
Net Net Net Net Net Net
acquisition**** incurrence**** acquisition**** incurrence****
of financial assets of liabilities of financial assets of liabilities
2,319 9,180 -6,860 10,777 14,469 -3,691 3. FINANCIAL ACCOUNT
585 3,903 -3,317 1,691 4,615 -2,924 A. Direct investment
– 2,907 -2,907 5 3,382 -3,377 a. Equity and investment funds shares/units
– 127 -127 5 418 -413 - Equity other than reinvestment of earnings
– 2,780 -2,780 – 2,964 -2,964 - Reinvestment of earnings
585 995 -410 1,686 1,233 453 b. Debt instruments
110 2,185 -2,075 224 9,655 -9,431 B. Portfolio investment
-3 -45 42 -31 -73 42 a. Equity and investment fund shares
32 18 14 -2 -18 15 - Equity securities
-35 -63 28 -29 -55 27 - Investment fund shares
114 2,230 -2,117 255 9,728 -9,473 b. Debt securities
-229 22 -251 306 -44 350 - Short-term
343 2,208 -1,866 -51 9,772 -9,823 - Long-term
206 x 206 168 x 168 C. Financial derivatives
1,651 3,092 -1,441 1,196 198 998 D. Other investment
– – – – – – a. Other equity
399 288 111 918 -504 1,422 b. Currency and deposits
61 355 -293 966 -419 1,384 - Short-term
338 -66 404 -47 -85 38 - Long-term
114 1,745 -1,631 -22 -288 266 c. Loans
95 -115 210 -2 -42 40 - Short-term
19 1,860 -1,841 -20 -246 226 - Long-term
184 -3 187 -382 -44 -338 d. Insurance, pension and standardised guarantee schemes
973 1,004 -31 680 1,028 -348 e. Trade credits and advances
958 1,021 -63 934 1,033 -99 - Short-term
15 -17 32 -253 -5 -249 - Long-term
-20 58 -78 2 6 -4 f. Other accounts receivable/payable
-19 55 -74 -1 5 -6 - Short-term
-1 4 -4 3 1 2 - Long-term
– – – – – – g. SDRs
-233 – -233 7,497 – 7,497 E. Reserve assets
x x -204 x x 795 4. Net errors and omissions

15.2. International trade in services

(EUR million)
2021* 2022**
Items
TOTAL 27,883 18,463 9,420 37,000 24,290 12,710
1. Manufacturing services on physical inputs owned by others 2,484 152 2,333 3,029 160 2,870
2. Maintenance and repair services n.i.e. 361 253 108 441 311 130
3. Transport 7,601 3,367 4,234 10,121 4,605 5,516
3.1. Sea transport 301 510 -210 516 731 -215
3.2. Air transport 496 810 -314 761 1,206 -445
3.3. Road transport 6,207 1,540 4,667 7,881 1,930 5,951
3.4. Rail transport 187 181 6 304 242 62
3.5. Inland waterway transport 81 66 16 135 65 71
3.6. Pipeline transport 34 2 31 83 10 73
3.7. Electricity transmission 7 8 -1 25 57 -31
3.8. Other supporting and auxiliary transport services 172 160 12 266 204 63
3.9. Postal and courier services 116 89 27 148 160 -12
4. Travel 2,784 4,417 -1,633 4,587 7,434 -2,848
5. Construction services 547 71 476 829 71 758
5.1. Construction abroad 535 40 495 806 54 752
5.2. Construction in Romania 11 31 -20 23 17 6
6. Insurance and pension services 69 300 -231 70 551 -482
7. Financial services 328 529 -201 413 368 45
8. Charges for the use of intellectual property n.i.e. 77 880 -803 91 909 -818
9. Telecommunications, computer, and information services 6,991 3,063 3,928 9,324 3,754 5,570
9.1. Telecommunication services 871 604 267 1,079 726 354
9.2. Computer services 5,108 2,074 3,035 6,986 2,563 4,423
9.3. Information services 1,011 385 626 1,258 466 793
10. Other business services 6,439 5,315 1,124 7,867 5,991 1,876
10.1. Research and development services 767 410 357 760 343 417
10.2. Professional and management consulting services 2,442 1,703 739 3,065 1,985 1,080
10.3. Technical, trade-related, and other business services 3,231 3,202 29 4,041 3,663 379
10.3.1. Architectural, engineering, scientific, and other technical services 1,406 793 613 1,624 846 779
10.3.2. Waste treatment and depollution, agricultural and mining services 67 132 -65 93 117 -24
10.3.3. Operating leasing services 69 255 -186 95 259 -164
10.3.4. Trade-related services 599 434 165 784 523 261
10.3.5. Other business services n.i.e. 1,090 1,587 -498 1,445 1,918 -473
11. Personal, cultural, and recreational services 171 53 117 190 58 132
11.1. Audiovisual and related services 63 7 56 74 5 68
11.2. Personal, cultural, and recreational services other than audiovisual and related services 108 46 62 116 53 64
12. Government goods and services n.i.e. 31 63 -32 39 78 -39
*) Semifinal data; **) Provisional data
15.3. Direct investment – directional principle

(EUR million)
2021* 2022**
Items
Net Net
TOTAL 8,821 9,627
1. Direct investment abroad -119 -1,078
1.1. Deposit taking corporations except the Central Bank -37 –
1.1.1. Equity and investment fund shares/units, including reinvestment of earnings -37 –
1.1.2. Debt instruments – –
1.2. Other sectors -82 -1,078
1.2.1. Equity and investment fund shares/units, including reinvestment of earnings -132 -1,042
1.2.2. Debt instruments 50 -36
2. Direct investment in the reporting economy 8,940 10,705
2.1. Deposit taking corporations, except the Central Bank 924 1,121
2.1.1. Equity and investment fund shares/units, including reinvestment of earnings 924 1,124
2.1.2. Debt instruments – –
2.2. Other sectors 8,016 9,584
2.2.1. Equity and investment fund shares/units, including reinvestment of earnings 5,823 6,807
2.2.2. Debt instruments 2,194 2,777
*) Semifinal data; **) Provisional data

Statistical Section

Items
10,595 7,262 3,333 12,957 7,906 5,052 TOTAL
952 54 898 1,122 45 1,077 1. Manufacturing services on physical inputs owned by others
137 99 38 201 101 99 2. Maintenance and repair services n.i.e.
2,979 1,384 1,594 3,500 1,494 2,006 3. Transport
120 228 -108 193 177 16 3.1. Sea transport
195 363 -168 233 401 -169 3.2. Air transport
2,408 579 1,828 2,688 696 1,991 3.3. Road transport
77 72 5 112 67 46 3.4. Rail transport
36 19 17 86 18 68 3.5. Inland waterway transport
16 1 15 23 5 18 3.6. Pipeline transport
8 9 -1 9 17 -8 3.7. Electricity transmission
74 57 16 106 67 39 3.8. Other supporting and auxiliary transport services
45 55 -10 51 45 6 3.9. Postal and courier services
1,034 2,016 -983 1,444 2,352 -908 4. Travel
243 22 220 268 24 244 5. Construction services
236 16 220 260 16 244 5.1. Construction abroad
6 6 0 8 8 0 5.2. Construction in Romania
20 164 -144 21 135 -114 6. Insurance and pension services
119 117 2 135 126 8 7. Financial services
28 258 -229 27 310 -282 8. Charges for the use of intellectual property n.i.e.
2,718 1,119 1,599 3,355 1,295 2,060 9. Telecommunications, computer, and information services
316 211 105 350 233 117 9.1. Telecommunication services
2,007 766 1,241 2,610 913 1,697 9.2. Computer services
395 142 253 395 149 246 9.3. Information services
2,305 1,987 317 2,772 1,962 810 10. Other business services
238 114 124 320 138 182 10.1. Research and development services
879 597 282 957 679 278 10.2. Professional and management consulting services
1,187 1,277 -89 1,495 1,145 350 10.3. Technical, trade-related, and other business services
471 264 207 606 262 343 10.3.1. Architectural, engineering, scientific, and other technical services
27 89 -61 36 9 27 10.3.2. Waste treatment and depollution, agricultural and mining services
21 73 -52 30 88 -59 10.3.3. Operating leasing services
224 141 83 254 182 72 10.3.4. Trade-related services
444 710 -266 570 603 -33 10.3.5. Other business services n.i.e.
50 18 32 93 37 56 11. Personal, cultural, and recreational services
29 2 27 27 6 20 11.1. Audiovisual and related services
22 16 5 66 30 36 11.2. Personal, cultural, and recreational services other than audiovisual and related services
10 24 -14 21 26 -5 12. Government goods and services n.i.e.

Items
Net Net
3,317 2,924 TOTAL
-10 16 1. Direct investment abroad
– – 1.1. Deposit taking corporations except the Central Bank
– – 1.1.1. Equity and investment fund shares/units, including reinvestment of earnings
– – 1.1.2. Debt instruments
-10 16 1.2. Other sectors
1 -5 1.2.1. Equity and investment fund shares/units, including reinvestment of earnings
-11 21 1.2.2. Debt instruments
3,327 2,908 2. Direct investment in the reporting economy
226 533 2.1. Deposit taking corporations, except the Central Bank
229 522 2.1.1. Equity and investment fund shares/units, including reinvestment of earnings
-3 11 2.1.2. Debt instruments
3,101 2,375 2.2. Other sectors
2,677 2,860 2.2.1. Equity and investment fund shares/units, including reinvestment of earnings
425 -485 2.2.2. Debt instruments

15.4. Long-term external debt

(EUR million; end of period)
Period Long-term external debt*
Total I. Direct public debt
Total Multilateral institutions Bilateral institutions
Total, IBRD EIB EBRD EU CE - SDF Total, USA KfW
of which: of which: Germany
2019 74,319.4 39,192.1 7,492.4 4,017.3 2,447.8 97.5 – 538.3 15.2 4.2 11.0
2020 93,484.2 57,251.1 11,141.1 4,408.0 2,736.4 193.3 3,000.0 464.2 13.4 3.9 9.5
2021 97,544.1 58,105.4 10,971.7 4,403.4 2,697.9 172.0 3,000.0 392.1 12.5 4.2 8.3
2022 97,721.8 56,578.1 13,996.0 4,535.2 2,931.9 196.6 5,735.2 335.0 12.0 4.0 8.0
2022 Apr. 94,399.3 55,555.4 12,974.1 4,488.1 2,699.4 170.6 4,943.4 394.9 12.7 4.5 8.2
May 96,257.2 57,069.7 13,242.0 4,478.3 2,966.0 171.3 4,943.6 403.6 12.1 4.4 7.6
Jun. 93,573.2 53,920.0 13,321.9 4,516.0 3,027.0 168.5 4,943.8 396.4 12.2 4.6 7.6
Jul. 96,342.9 56,030.4 13,317.6 4,516.8 3,015.6 170.4 4,944.1 388.0 12.2 4.7 7.5
Aug. 96,377.6 55,971.2 13,299.4 4,508.9 3,019.1 172.9 4,944.3 380.0 12.3 4.8 7.5
Sep. 94,429.8 53,979.7 12,977.1 4,210.6 3,014.8 177.3 4,944.6 370.2 12.4 4.9 7.5
Oct. 95,306.9 54,663.4 13,755.1 4,233.1 2,996.8 180.5 5,734.5 360.7 12.4 4.9 7.5
Nov. 97,406.9 56,888.7 13,419.3 3,922.5 2,969.7 183.3 5,734.8 351.9 12.1 4.1 8.0
Dec. 97,721.8 56,578.1 13,996.0 4,535.2 2,931.9 196.6 5,735.2 335.0 12.0 4.0 8.0
2023 Jan. 105,967.4 64,870.9 14,006.7 4,550.9 2,929.8 197.1 5,735.5 331.8 10.8 3.9 6.9
Feb. 107,308.2 65,997.1 13,627.0 4,178.2 2,938.3 194.0 5,732.7 332.3 10.9 4.0 6.9
Mar. 107,264.7 66,408.7 13,492.1 4,181.0 2,926.5 79.8 5,733.1 328.7 10.8 3.9 6.9
Apr. 107,581.1 66,430.2 13,470.8 4,181.5 2,906.6 78.9 5,733.4 334.2 10.8 3.9 6.9

I. Direct public debt II. Publicly guaranteed debt
Bond issues Private Other Total Multilateral institutions Other private
banks private Total, IBRD EBRD EIB Euroatom Nordic creditors
creditors of which: Investment
Bank (NIB)
2019 31,609.6 54.3 20.7 285.1 144.2 11.4 22.1 14.7 96.0 – 140.9
2020 46,022.1 30.7 43.7 224.1 110.0 5.5 18.8 13.1 72.7 – 114.0
2021 46,893.6 16.7 210.9 129.7 76.0 – 15.1 11.4 49.5 – 53.7
2022 42,477.7 13.6 78.8 91.6 48.4 – 12.3 9.8 26.3 – 43.2
2022 Apr. 42,497.8 16.0 54.8 119.5 67.6 – 13.8 11.4 42.4 – 51.9
May 43,749.6 16.0 50.1 120.1 63.1 – 13.8 11.4 37.9 – 57.0
Jun. 40,484.3 15.3 86.4 107.2 61.8 – 13.3 10.6 37.9 – 45.4
Jul. 42,600.0 15.4 85.3 97.0 56.7 – 13.2 10.6 32.9 – 40.3
Aug. 42,558.6 15.6 85.4 95.0 54.6 – 13.2 10.6 30.8 – 40.4
Sep. 40,892.7 14.4 83.1 97.5 54.3 – 12.9 10.6 30.8 – 43.2
Oct. 40,796.7 14.7 84.5 92.0 54.2 – 12.8 10.6 30.8 – 37.8
Nov. 43,364.5 14.5 78.4 87.4 49.4 – 12.5 10.6 26.3 – 38.0
Dec. 42,477.7 13.6 78.8 91.6 48.4 – 12.3 9.8 26.3 – 43.2
2023 Jan. 50,800.0 13.9 39.5 91.6 48.4 – 12.2 9.8 26.4 – 43.3
Feb. 52,270.7 14.0 74.5 89.7 46.2 – 12.1 9.8 24.3 – 43.6
Mar. 52,710.8 13.2 181.8 86.6 46.0 – 11.9 9.8 24.3 – 40.6
Apr. 52,868.4 13.1 67.1 86.6 45.8 – 11.8 9.8 24.3 – 40.8

Statistical Section

III. Private non-guaranteed debt IV. LT deposits V. SDR
Total Multilateral institutions Portfolio Other private of allocations
Total, EBRD EIB Black Sea Bank IFC investment creditors non-residents from the IMF
of which:
2019 33,209.3 2,267.8 825.9 995.0 92.0 355.0 511.3 30,430.2 416.8 1,216.1
2020 34,705.8 2,147.1 812.1 1,019.4 43.4 272.2 1,383.5 31,175.2 143.7 1,159.6
2021 35,618.7 1,934.3 693.4 880.1 124.2 236.6 1,810.7 31,873.7 325.5 3,364.8
2022 37,156.0 2,327.5 811.6 838.9 119.1 557.9 2,711.2 32,117.2 492.8 3,403.4
2022 Apr. 34,974.3 1,997.3 707.9 834.5 155.0 299.8 1,686.1 31,290.9 289.9 3,460.1
May 35,233.3 1,995.4 700.3 848.9 146.9 299.3 1,785.0 31,452.9 407.8 3,426.2
Jun. 35,654.0 2,023.1 659.7 812.0 144.9 406.5 1,884.0 31,746.9 423.4 3,468.4
Jul. 36,177.7 2,018.4 636.6 816.1 149.5 416.3 1,857.9 32,301.3 510.8 3,526.9
Aug. 36,237.8 2,062.9 705.4 791.5 150.0 416.1 1,926.1 32,248.8 524.9 3,548.7
Sep. 36,221.9 2,138.0 727.2 758.2 144.3 508.4 2,199.1 31,884.8 571.1 3,559.6
Oct. 36,542.0 2,376.3 841.0 879.9 146.8 508.7 1,972.5 32,193.1 492.0 3,517.5
Nov. 36,499.1 2,405.5 832.7 883.7 139.9 549.2 2,091.9 32,001.8 486.9 3,444.8
Dec. 37,156.0 2,327.5 811.6 838.9 119.1 557.9 2,711.2 32,117.2 492.8 3,403.4
2023 Jan. 37,098.4 2,315.4 806.0 835.4 115.8 558.2 2,794.6 31,988.4 517.8 3,388.7
Feb. 37,257.2 2,298.1 801.5 822.0 116.6 558.0 2,882.8 32,076.3 554.7 3,409.5
Mar. 36,812.9 2,249.9 785.0 792.4 115.6 557.0 2,862.4 31,700.5 592.3 3,364.3
Apr. 37,121.8 2,263.4 809.6 781.7 115.2 556.8 3,227.4 31,631.0 606.2 3,336.3
*) Arising from foreign loans and borrowings, bonds and the like.

15.5. Gross external debt

Period Gross external debt
Total External debt
Total General government
Total Short term Long term
Total Currency Debt Loans Trade credit Other debt Total Currency Debt Loans Trade credit Other debt
and securities and liabilities and securities and liabilities
deposits advances deposits advances
2019 109,782.9 73,055.6 39,657.3 252.8 235.5 13.0 2.1 2.2 – 39,404.5 – 31,609.6 7,791.0 – 3.9
2020 126,749.7 90,202.2 57,712.1 279.6 191.4 73.5 2.1 12.6 – 57,432.5 – 46,022.0 11,384.9 21.8 3.8
2021 136,584.8 95,514.2 58,816.5 602.2 283.3 298.7 2.1 18.0 – 58,214.4 – 46,893.6 11,284.4 32.6 3.8
2022 144,560.9 98,800.5 57,635.6 988.1 469.9 274.5 2.1 241.6 – 56,647.5 – 42,477.7 14,141.1 24.9 3.8
2022 Apr. 134,551.4 93,921.0 56,309.7 654.5 312.1 320.8 2.1 19.4 – 55,655.3 – 42,497.8 13,141.5 12.2 3.8
May 137,284.9 96,212.4 57,900.3 734.8 413.9 298.9 2.1 19.9 – 57,165.6 – 43,749.6 13,405.6 6.6 3.8
Jun. 136,511.6 94,031.0 55,057.0 1,053.2 607.2 378.6 2.1 65.3 – 54,003.9 – 40,484.3 13,485.3 30.5 3.8
Jul. 140,433.0 97,557.8 57,188.5 1,079.8 678.1 325.7 2.1 74.0 – 56,108.7 – 42,600.0 13,474.4 30.4 3.9
Aug. 141,720.9 98,024.6 57,197.7 1,150.2 723.9 341.8 2.1 82.5 – 56,047.5 – 42,558.6 13,454.7 30.2 3.9
Sep. 138,671.0 95,842.2 55,388.9 1,335.1 787.8 338.0 2.1 207.3 – 54,053.7 – 40,892.7 13,129.8 27.3 3.9
Oct. 139,470.3 97,146.3 56,089.0 1,356.0 837.5 287.7 2.1 228.7 – 54,732.9 – 40,796.7 13,906.1 26.2 3.9
Nov. 143,717.5 99,993.3 58,450.2 1,492.9 925.6 316.9 2.1 248.3 – 56,957.3 – 43,364.5 13,564.4 24.5 3.9
Dec. 144,560.9 98,800.5 57,635.6 988.1 469.9 274.5 2.1 241.6 – 56,647.5 – 42,477.7 14,141.1 24.9 3.8
2023 Jan. 152,849.2 106,907.8 65,751.9 811.5 241.6 284.2 2.1 283.7 – 64,940.4 – 50,800.0 14,114.1 22.5 3.8
Feb. 154,881.3 108,497.2 66,833.8 769.2 165.9 277.6 2.1 323.6 – 66,064.6 – 52,270.7 13,769.8 20.2 3.9
Mar. 152,488.0 108,789.7 67,377.7 904.4 256.0 282.8 2.1 363.5 – 66,473.3 – 52,710.7 13,742.7 16.1 3.8
Apr. 153,122.5 109,104.9 67,347.0 852.0 213.4 232.7 2.1 403.8 – 66,495.0 – 52,868.4 13,609.6 13.2 3.8
Period Gross external debt (continued)

External debt (continued)
Central Bank
Total Currency Debt Loans Trade credit Other debt Total SDR Currency Debt Loans Trade credit Other debt
and deposits securities and liabilities (allocations) and deposits securities and liabilities
advances advances
2019 1,216.6 0.4 0.4 – – – – 1,216.1 1,216.1 – – – – –
2020 1,161.8 2.2 2.2 – – – – 1,159.6 1,159.6 – – – – –
2021 3,365.3 0.5 0.5 – – – – 3,364.8 3,364.8 – – – – –
2022 3,403.7 0.3 0.3 – – – – 3,403.3 3,403.3 – – – – –
2022 Apr. 3,460.5 0.4 0.4 – – – – 3,460.1 3,460.1 – – – – –
May 3,426.7 0.5 0.5 – – – – 3,426.2 3,426.2 – – – – –
Jun. 3,468.9 0.5 0.5 – – – – 3,468.4 3,468.4 – – – – –
Jul. 3,527.4 0.5 0.5 – – – – 3,526.9 3,526.9 – – – – –
Aug. 3,549.2 0.5 0.5 – – – – 3,548.7 3,548.7 – – – – –
Sep. 3,560.1 0.5 0.5 – – – – 3,559.6 3,559.6 – – – – –
Oct. 3,517.8 0.3 0.3 – – – – 3,517.5 3,517.5 – – – – –
Nov. 3,445.3 0.5 0.5 – – – – 3,444.8 3,444.8 – – – – –
Dec. 3,403.7 0.3 0.3 – – – – 3,403.3 3,403.3 – – – – –
2023 Jan. 3,389.3 0.6 0.6 – – – – 3,388.7 3,388.7 – – – – –
Feb. 3,410.2 0.7 0.7 – – – – 3,409.5 3,409.5 – – – – –
Mar. 3,364.9 0.6 0.6 – – – – 3,364.3 3,364.3 – – – – –
Apr. 3,337.2 0.9 0.9 – – – – 3,336.3 3,336.3 – – – – –

Statistical Section
Period Gross externl debt (continued)

External debt (continued)
Deposit taking corporations except the central bank
Total Currency Debt Loans Trade credit Other debt Total Currency Debt Loans Trade credit Other debt
and deposits securities and liabilities and deposits securities and liabilities
advances advances
2019 7,838.8 3,760.4 3,717.3 – – – 43.2 4,078.4 3,911.6 166.8 – – –
2020 7,226.6 3,510.4 3,485.6 – – – 24.8 3,716.2 3,526.3 189.9 – – –
2021 7,798.0 3,473.0 3,452.9 – – – 20.1 4,325.0 3,734.6 590.3 – – –
2022 10,915.8 4,473.4 4,341.3 – – – 132.1 6,442.4 4,531.0 1,911.4 – – –
2022 Apr. 8,061.1 3,870.8 3,799.7 – – – 71.0 4,190.4 3,666.7 523.6 – – –
May 8,268.7 3,919.4 3,855.0 – – – 64.4 4,349.3 3,715.4 633.9 – – –
Jun. 9,059.0 4,116.3 4,042.4 – – – 73.9 4,942.7 4,140.2 802.5 – – –
Jul. 9,190.3 4,160.6 4,065.6 – – – 95.0 5,029.6 4,261.1 768.5 – – –
Aug. 9,413.4 4,327.6 4,255.9 – – – 71.6 5,085.8 4,243.3 842.5 – – –
Sep. 9,925.1 4,513.6 4,434.6 – – – 79.0 5,411.4 4,277.5 1,133.9 – – –
Oct. 9,597.9 4,103.7 3,998.4 – – – 105.2 5,494.3 4,287.7 1,206.6 – – –
Nov. 10,069.7 4,441.0 4,304.1 – – – 136.9 5,628.7 4,333.0 1,295.7 – – –
Dec. 10,915.8 4,473.4 4,341.3 – – – 132.1 6,442.4 4,531.0 1,911.4 – – –
2023 Jan. 10,802.9 4,301.0 4,154.6 – – – 146.4 6,501.9 4,537.0 1,964.9 – – –
Feb. 11,006.7 4,422.4 4,272.8 – – – 149.6 6,584.3 4,530.2 2,054.1 – – –
Mar. 10,884.1 4,390.8 4,307.7 – – – 83.1 6,493.2 4,459.0 2,034.2 – – –
Apr. 11,148.0 4,290.7 4,172.6 – – – 118.1 6,857.3 4,447.1 2,410.2 – – –
Period Gross external debt (continued)

External debt (continued) Direct investment: intercompany lending
Other sectors Total Of direct Of direct Between
Total Short term Long term investment investors to fellow
enterprises direct enterprises
Total Currency Debt Loans Trade credit Other Total Currency Debt Loans Trade credit Other to direct investment
and deposits securities and debt and deposits securities and debt investors enterprises
advances liabilities advances liabilities
2019 24,342.9 10,576.8 – – 1,782.9 8,608.9 185.1 13,766.0 – 344.5 13,001.1 403.6 16.9 36,727.3 27,409.3 47.6 9,270.4
2020 24,101.6 10,725.6 – – 1,873.9 8,698.5 153.2 13,376.0 – 1,193.6 11,861.9 305.1 15.4 36,547.5 26,471.5 102.8 9,973.2
2021 25,534.4 13,021.9 – – 2,175.1 10,686.4 160.5 12,512.5 – 1,220.4 11,000.0 276.3 15.8 41,070.6 28,633.9 118.9 12,317.8
2022 26,845.4 14,713.9 – – 1,756.3 12,732.9 224.6 12,131.5 – 799.8 11,046.2 255.7 29.9 45,760.4 31,540.1 119.0 14,101.3
2022 Apr. 26,089.7 13,679.0 – – 1,970.9 11,549.8 158.4 12,410.7 – 1,162.5 10,966.9 260.3 21.0 40,630.4 28,428.0 102.9 12,099.4
May 26,616.6 13,910.1 – – 1,937.5 11,813.5 159.1 12,706.5 – 1,151.1 11,282.2 251.0 22.2 41,072.6 28,592.0 102.9 12,377.6
Jun. 26,446.0 13,997.7 – – 1,883.3 11,881.4 233.0 12,448.3 – 1,081.6 11,047.2 300.7 18.9 42,480.6 29,303.1 119.0 13,058.4
Jul. 27,651.7 14,903.6 – – 1,868.0 12,864.9 170.6 12,748.1 – 1,089.4 11,339.0 299.0 20.7 42,875.2 29,587.1 103.2 13,184.9
Aug. 27,864.3 15,237.1 – – 1,851.3 13,215.2 170.7 12,627.1 – 1,083.6 11,219.9 302.0 21.6 43,696.3 30,407.5 119.4 13,169.4
Sep. 26,968.2 14,547.5 – – 1,831.4 12,497.5 218.6 12,420.7 – 1,065.2 11,059.9 277.6 18.0 42,828.7 29,526.1 119.3 13,183.4
Oct. 27,941.6 15,559.0 – – 1,844.9 13,491.8 222.3 12,382.6 – 766.0 11,313.2 283.9 19.5 42,324.0 28,941.9 119.2 13,262.9
Nov. 28,028.0 15,751.6 – – 1,799.0 13,729.1 223.5 12,276.5 – 796.2 11,184.4 275.9 19.9 43,724.2 30,279.4 119.1 13,325.7
Dec. 26,845.4 14,713.9 – – 1,756.3 12,732.9 224.6 12,131.5 – 799.8 11,046.2 255.7 29.9 45,760.4 31,540.1 119.0 14,101.3
2023 Jan. 26,963.7 14,949.2 – – 1,780.4 12,934.4 234.4 12,014.5 – 829.7 10,897.0 257.5 30.3 45,941.4 31,658.6 119.0 14,163.8
Feb. 27,246.5 15,145.6 – – 1,750.6 13,181.1 213.8 12,100.9 – 828.7 10,980.1 261.6 30.5 46,384.1 32,019.8 119.0 14,245.2
Mar. 27,163.1 14,941.1 – – 1,661.7 13,098.0 181.4 12,222.0 – 828.2 11,168.2 196.6 29.0 43,698.3 30,468.8 118.9 13,110.6
Apr. 27,272.7 15,111.5 – – 1,636.7 13,297.7 177.0 12,161.2 – 817.2 11,117.2 197.5 29.3 44,017.6 30,741.6 118.9 13,157.2

15.6. International investment position

Items 2019 2020 2021 2022 2023 Q1
NET POSITION -96,556 -104,239 -112,921 -116,830 -119,856
Assets 78,182 89,017 96,890 105,158 113,137
Liabilities 174,738 193,255 209,812 221,987 232,994
ASSETS, of which: 78,182 89,017 96,890 105,158 113,137
A. Direct investment 11,934 12,163 13,839 15,596 15,627

- equity and investment fund shares* 1,625 1,875 2,263 3,251 3,236
- debt instruments 10,309 10,289 11,576 12,345 12,391
B. Portfolio investment 5,703 5,696 8,384 8,092 8,299

- equity and investment fund shares 1,743 2,156 3,363 2,730 3,071
C. Financial derivatives 15 19 36 171 538
D. Other investment 23,080 28,621 28,802 28,993 29,384

- other equity 1,004 942 999 1,041 1,026
- currency and deposits 11,247 16,405 14,467 12,132 12,528
- short-term 10,479 15,246 13,600 10,829 11,240
- long-term 767 1,159 867 1,303 1,288
- loans 2,497 2,574 2,613 2,875 3,043
- short-term 139 224 193 307 514
- long-term 2,358 2,350 2,419 2,569 2,529
- insurance, pension and standardised guarantee schemes 598 569 883 1,054 767
- trade credit and advances 7,652 8,052 9,669 11,681 11,903
- short-term 4,947 5,127 6,500 8,107 8,686
- long-term 2,706 2,924 3,169 3,574 3,217
- other accounts receivable/payable 83 78 172 210 117
- short-term 69 71 166 204 113
- long-term 14 7 6 7 5
E. Reserve assets (NBR) 37,450 42,518 45,831 52,305 59,289

- monetary gold 4,524 5,138 5,355 5,669 6,060
- foreign exchange reserve 32,927 37,379 40,475 46,636 53,229
LIABILITIES, of which: 174,738 193,255 209,812 221,987 232,994
A. Direct investment 98,081 100,534 111,333 120,511 121,451

- equity and investment fund shares* 61,354 63,986 70,263 74,751 77,753
B. Portfolio investment 35,724 49,993 51,962 47,950 58,293

- equity and investment fund shares 3,590 2,514 2,959 2,487 2,437
C. Financial derivatives 10 5 5 189 316
D. Other investment 40,923 42,723 46,511 53,337 52,934

- other equity – – – – –
- currency and deposits 7,865 7,206 7,471 9,343 9,023
- short-term 3,953 3,679 3,737 4,812 4,564
- long-term 3,912 3,526 3,735 4,531 4,459
- loans 22,577 25,123 24,462 26,946 26,575
- short-term 1,785 1,876 2,177 1,758 1,664
- long-term 20,792 23,247 22,284 25,187 24,911
- insurance, pension and standardised guarantee schemes 116 105 91 168 128
- trade credit and advances 9,015 9,038 11,013 13,255 13,674
- short-term 8,611 8,711 10,704 12,975 13,462
- long-term 404 327 309 281 213
- other accounts receivable/payable 133 93 109 223 169
- short-term 112 74 89 189 137
- long-term 21 19 19 34 33
- SDR allocation - IMF 1,216 1,160 3,365 3,403 3,364
*) including reinvested earnings/loss.

Statistical Section
16. GENERAL GOVERNMENT INDICATORS*

(lei million, cumulative from the beginning of the year)
Period State Budget Local Budgets Social Security Budget
revenues expenditures balance revenues expenditures balance revenues expenditures balance

2022 Apr. 69,455.9 93,470.1 -24,014.2 37,283.6 31,119.9 +6,163.7 34,742.6 34,616.0 +126.6
May 84,973.9 113,798.6 -28,824.6 45,837.5 39,944.9 +5,892.6 43,293.1 42,857.3 +435.7
Jun. 105,913.5 135,887.2 -29,973.7 55,297.2 48,839.7 +6,457.5 50,136.7 51,090.1 -953.4
Jul. 129,125.7 162,920.5 -33,794.8 64,082.6 58,080.6 +6,002.1 59,852.9 59,336.6 +516.3
Aug. 146,653.9 185,053.3 -38,399.4 72,350.9 67,415.7 +4,935.2 67,826.9 67,629.2 +197.7
Sep. 165,397.6 214,845.5 -49,448.0 81,881.5 76,731.2 +5,150.3 75,254.6 75,901.4 -646.9
Oct. 194,927.4 246,551.9 -51,624.6 91,299.4 87,322.5 +3,976.9 82,755.4 84,166.6 -1,411.2
Nov. 212,643.5 272,927.5 -60,284.0 100,855.7 98,002.3 +2,853.4 89,922.2 92,451.1 -2,529.0
Dec. 232,600.4 315,367.4 -82,767.0 114,614.0 116,438.5 -1,824.6 98,403.5 99,275.6 -872.0
2023 Jan. 21,304.4 22,374.1 -1,069.7 9,797.7 6,449.3 +3,348.4 7,728.0 10,943.3 -3,215.4
Feb. 34,080.7 52,820.2 -18,739.6 20,911.9 15,695.4 +5,216.5 19,614.1 20,274.2 -660.1
Mar. 50,275.2 78,872.7 -28,597.6 34,081.2 25,611.5 +8,469.7 27,752.9 29,568.2 -1,815.3
Apr. 73,654.9 107,911.1 -34,256.2 43,494.9 36,195.5 +7,299.4 39,326.3 38,893.5 +432.8
Period Unemployment Insurance Budget Health Social Insurance Fund Budget of public institutions fully or partially financed
from own resources
revenues expenditures balance revenues expenditures balance revenues expenditures balance

2022 Apr. 1,192.5 913.7 +278.8 16,318.0 18,835.6 -2,517.5 14,571.4 10,836.7 +3,734.7
May 1,489.3 1,088.2 +401.1 20,914.9 23,463.7 -2,548.8 17,684.5 13,865.4 +3,819.1
Jun. 1,771.7 1,250.7 +521.0 25,906.6 28,122.5 -2,215.9 20,901.5 16,929.5 +3,971.9
Jul. 2,056.0 1,396.3 +659.7 29,232.6 32,382.7 -3,150.1 24,647.0 20,332.0 +4,315.0
Aug. 2,354.2 1,544.7 +809.5 33,469.1 36,644.8 -3,175.7 27,988.6 23,460.4 +4,528.3
Sep. 3,080.4 1,685.6 +1,394.8 40,128.0 41,558.4 -1,430.4 31,485.7 26,808.1 +4,677.6
Oct. 3,349.9 1,836.5 +1,513.4 43,694.4 46,460.2 -2,765.8 35,063.9 30,237.8 +4,826.2
Nov. 3,370.6 2,001.1 +1,369.5 48,015.4 51,353.6 -3,338.2 38,481.6 33,797.0 +4,684.7
Dec. 3,456.1 2,172.1 +1,284.0 54,863.6 54,859.8 +3.8 43,079.7 39,773.0 +3,306.6
2023 Jan. 271.8 221.2 +50.6 3,657.2 6,217.8 -2,560.6 3,410.0 2,662.2 +747.8
Feb. 535.3 406.5 +128.9 8,079.0 11,120.6 -3,041.6 6,620.9 5,583.2 +1,037.7
Mar. 810.1 643.4 +166.6 14,208.5 16,072.6 -1,864.0 10,418.9 8,825.4 +1,593.5
Apr. 1,135.9 849.0 +286.8 18,052.5 21,048.5 -2,996.0 14,037.8 12,231.3 +1,806.5
Period General Government Budget**
revenues expenditures balance

2022 Apr. 144,401.8 160,734.8 -16,333.1
May 178,973.1 199,874.5 -20,901.4
Jun. 216,696.9 240,204.5 -23,507.5
Jul. 258,455.2 285,148.4 -26,693.2
Aug. 293,854.3 326,834.0 -32,979.7
Sep. 331,484.5 373,181.4 -41,696.9
Oct. 378,800.1 425,919.1 -47,119.1
Nov. 415,997.5 474,698.6 -58,701.1
Dec. 460,086.5 541,092.3 -81,005.8
2023 Jan. 39,596.8 43,612.1 -4,015.3
Feb. 73,933.7 90,975.9 -17,042.2
Mar. 114,166.2 136,916.9 -22,750.7
Apr. 158,411.5 185,765.7 -27,354.2 a a a a a a
*) According to national methodology.
**) The flows between budgets were left out of account.
Source: Ministry of Finance (MF Bulletin).

Methodological notes
1. Main macroeconomic indicators

Data series on the main economic and social indicators are taken from the publications of the
National Institute of Statistics (Monthly Statistical Bulletin, Industry Statistical Bulletin, Prices Statistical
Bulletin, Statistical Yearbook) or its Tempo-Online database; some of these data are preliminary and
may be revised subsequently.
Data series are updated on a regular basis once they are published by the NIS.
Starting January 2018, the amount of the average gross wage earnings economy-wide reflects the
transfer to employees of those parts of social security and health contributions that were previously
paid by employers. As a result, the annual changes in the average gross wage earnings economy-wide
reported for 2018 are not comparable with the data series recorded prior to this moment.
Annual data for economy-wide number of employees and average earnings are taken from the
Earnings and labour cost bulletin, published by the NIS.
CORE1 is the core inflation measure that reflects changes in market prices; CORE1 is calculated
based on the overall CPI excluding administered prices.
CORE2 is the core inflation measure that reflects changes in market prices with relatively low
volatility; CORE2 is calculated based on the headline CPI excluding administered prices and highly
volatile prices (vegetables, fruit, eggs, fuels).
The adjusted CORE2 is the core inflation measure that excludes from the headline CPI a number of
prices on which monetary policy (via aggregate demand management) has limited or no influence:
administered prices, volatile prices (vegetables, fruit, eggs and fuels), prices of tobacco products
and alcoholic beverages, as well as prices of electricity and natural gas (the latter are no longer
administered in 2021-2022).
The annual data on core inflation measures are based on NBR calculations.
The harmonised index of consumer prices (HICP) is obtained based on the Eurostat methodology
(2015 = 100).
3. Monetary policy indicators
3.1. Open market operations performed by the National Bank of Romania

Open market operations performed by the NBR and standing facilities granted by the central bank
to eligible participants are laid down in NBR Regulation No. 1/2000 republished, as subsequently
amended and supplemented.
The volume of open market operations performed by the NBR is shown as daily averages for both
transactions performed in the reported period (flows) and their balance (stocks). The average
interest rate in the reporting month is calculated as an arithmetic mean (weighted by the volume
of transactions) of interest rates on flow/stock operations.

3.2. Standing facilities granted by the National Bank of Romania to eligible counterparties
The NBR’s standing facilities (lending and deposit facilities) are resorted to by eligible counterparties
at their initiative.
The interest rate on the marginal lending facility is the rate at which eligible counterparties are
granted overnight liquidity. The interest rate on the marginal deposit facility is the rate at which
eligible counterparties may place excess liquidity with the NBR at the end of the day (overnight).
3.3. Minimum reserve requirements

Minimum reserves requirements (MRR) are leu- and foreign currency-denominated holdings
of credit institutions kept in accounts opened with the National Bank of Romania.
The calculation base for the MRR is the daily average (for the observation period) of the outstanding
leu- and foreign currency-denominated liabilities in banks’ balance sheets (except for interbank
liabilities, financial obligations to the NBR and equity capital). The observation period and the
maintenance period come in succession and last one month each; the observation period starts
on the 24th of the previous month and ends on the 23rd of the current month. Minimum reserve
requirement ratios may vary by currency and residual maturity of the items included in the
calculation base (below or over 2 years). MRR are provisioned as daily average of holdings in the
NBR accounts during the maintenance period.
3.4. Leu-denominated government securities purchased by the NBR on the secondary market
4. Reserve money
Data for preparing monetary indicators are reported in accordance with the provisions of Regulation
(EU) 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of credit
institutions and of the monetary financial institutions sector (recast) (ECB/2021/2), implemented by
the National Bank of Romania into Chapter II of Title I of NBR Regulation No. 4/2021 on reporting
statistical data and information to the National Bank of Romania.
Until December 2021, data on monetary indicators were reported in accordance with the provisions
of Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning
the balance sheet of the monetary financial institutions sector (recast) (ECB/2013/33), implemented
by the National Bank of Romania into Chapter II of Title I of NBR Regulation No. 4/2014, as subsequently
5. Monetary balance sheets of monetary financial institutions

According to ESA 2010 methodology (the European System of National and Regional Accounts),
monetary financial institutions include the following institutional sectors: (i) central bank (S121) –
the National Bank of Romania; (ii) deposit-taking corporations except the central bank (S122),
which comprise MFI credit institutions and deposit-taking corporations other than credit
institutions, the latter category including: (a) other financial institutions, which are principally
engaged in financial intermediation and whose business is to receive deposits and/or close
substitutes for deposits from institutional units, hence not only from monetary financial institutions,
and to grant loans and/or to make investments in debt securities and (b) electronic money
institutions, which are principally engaged in financial intermediation in the form of electronic
money issuance; (iii) money market funds (MMFs) (S123) – collective investment undertakings
that have been authorised pursuant to Article 4 of Regulation (EU) 2017/1131 of the European

Parliament and of the Council of 14 June 2017 on money market funds and that issue shares or
units which are close substitutes for deposits as referred to in Part 1 of Annex I to Regulation
(EU) 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of credit
institutions and of the monetary financial institutions sector (recast) (ECB/2021/2).
In the monetary balance sheets of monetary financial institutions, the accrued interest receivable/
payable related to financial assets and liabilities is recorded under remaining assets/remaining
liabilities.
5.2. Aggregate monetary balance sheet of other monetary financial institutions
The aggregate monetary balance sheet of other monetary financial institutions includes on-balance
sheet assets and liabilities of MFI credit institutions (having the meaning referred to in Article 4(1)
point 1(a) of Regulation (EU) No 575/2013 of the European Parliament and of the Council on
prudential requirements for credit institutions and investment firms and amending Regulation
(EU) No 648/2012, as subsequently amended and supplemented), money market funds, as well as
electronic money institutions.
5.3. Net consolidated balance sheet of monetary financial institutions (NBR and other
monetary financial institutions)
The net consolidated balance sheet of monetary financial institutions shows the aggregation of
the National Bank of Romania’s monetary balance sheet with that of other monetary financial
institutions (credit institutions, money market funds and electronic money institutions), in which
the relations within and between these institutional sectors were considered on a net basis.
6. Broad money M3 and its counterparts

Monetary aggregates have been defined in compliance with the methodology of the European
Central Bank.
Narrow money (M1) comprises currency in circulation (banknotes and coins) plus overnight deposits
(deposits immediately convertible into cash or used for making payments via bank transfer).
Intermediate money (M2) comprises M1 plus deposits with an agreed maturity of up to two years
and deposits redeemable at notice of up to three months.
Broad money (M3) comprises M2 plus marketable instruments issued by monetary financial
institutions, money market instruments, in particular money market fund shares/units and
borrowings from repurchase agreements (their highly liquid nature makes of these instruments
close substitutes for deposits).
Broad money M3 counterparts are net foreign assets and net domestic assets.
Net foreign assets are calculated by subtracting foreign liabilities from foreign assets. Foreign assets
include: loans to non-residents; deposits placed with non-residents; holdings of debt securities
issued by non-residents; shares and other equity issued by non-residents; monetary gold. Foreign
liabilities include funds taken from non-residents: deposits, debt securities issued on external
markets. Starting with December 2014, SDR allocations from the IMF are included under foreign
liabilities, in line with the new international statistical standards (ESA 2010).
Net domestic assets are calculated by subtracting domestic liabilities (except for M3 components)
from domestic assets.

Domestic assets include: loans to residents; holdings of debt securities issued by residents; shares
and other equity issued by residents. Domestic liabilities (except for M3 components) include
funds taken from residents: deposits with an agreed maturity of over two years (including deposits
redeemable at notice of over three months), tradable debt securities with a maturity of over two
years issued on the domestic market, capital and reserves.
7. Breakdown of monetary financial institutions’ deposits and loans by institutional sector

The breakdown of financial instrument holders and issuers by institutional sector is based on the
ESA 2010 methodology and is shown in detail in Chapter I of Title I of NBR Regulation No. 4/2021
on reporting statistical data and information to the National Bank of Romania.
These are: non-financial corporations, financial corporations (central bank, deposit-taking corporations
except the central bank, money market funds (MMFs), non-MMF investment funds, other financial
intermediaries, financial auxiliaries, captive financial institutions and money lenders, insurance
corporations and pension funds), general government, households, non-profit institutions serving
households, non-residents.
Non-government credit (i.e. loans to the private sector) are the loans granted by credit
institutions to households and legal entities (non-financial corporations and non-monetary
financial institutions).
Government credit includes the loans granted to the general government (central government, local
government, administration of social security funds), as well as the debt securities issued by these
institutional sectors. The outstanding loans and deposits at the end of the reported month do not
include the accrued interest receivable/payable. The outstanding loans at the end of the reported
month include non-performing loans.
Indicators related to households also include non-profit institutions serving households.
7.1. Deposits of non-government resident clients

Current accounts, demand deposits and all time deposits, regardless of maturity, are included.
The outstanding deposits at the end of the reported month do not include the accrued interest
payable.
8. Assets and liabilities of non-MMF investment funds

Investment funds are defined in Article 1 of Regulation (EU) No 1073/2013 of the European
Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment
funds (recast) (ECB/2013/38), implemented by the NBR into Chapter V of Title I of NBR Regulation
No. 4/2021 on reporting statistical data and information to the National Bank of Romania, as
collective investment undertakings that invest in financial and/or non-financial assets to the extent
that their objective is investing capital raised from the public.
Pension funds and money market funds (MMFs) are not included.
Until December 2014, data on the assets and liabilities of non-MMF investment funds were
reported in accordance with the provisions of Regulation (EC) No. 958/2007 of the European
Central Bank of 27 July 2007 concerning statistics on the assets and liabilities of investment funds
(ECB/2007/8), implemented by the NBR into Chapter V of Title I of NBR Regulation No. 31/2011 as
amended and supplemented by NBR Regulation No. 3/2013.

Data on the assets and liabilities of non-MMF investment funds are published in terms of aggregate
monthly stocks. Monthly changes in stocks may be the result of financial transactions, revaluations
due to price and exchange rate movements or reclassifications and other statistical adjustments.
In the statistics of assets and liabilities of non-MMF investment funds, the accrued interest
receivable/payable on loans and deposits is recorded under remaining assets/remaining liabilities.
The value of debt securities held includes the related claim. Indicators related to households also
include non-profit institutions serving households.
The types of instruments representing assets and liabilities of non-MMF investment funds, as well
as the classification of their counterpart by institutional sector, are fully harmonised with the
methodology under the European System of National and Regional Accounts (ESA 2010).
9. Assets and liabilities of non-bank financial institutions in the General Register

Starting with 31 March 2008 until 31 December 2014, data on non-bank financial institutions
(or financial corporations engaged in lending) are reported in accordance with the methodology
under Guideline 2009/23 of the European Central Bank amending Guideline ECB/2007/9 on
monetary, financial institutions and markets statistics. This methodology was implemented
into Chapter IV “Statistics regarding on-balance sheet assets and liabilities of non-bank financial
institutions” of Title I of NBR Regulation No. 31/2011 on reporting statistical data and information to
the National Bank of Romania, as amended and supplemented by NBR Regulation No. 3/2013.
Starting with the reference date of 31 March 2015, data on non-bank financial institutions have been
reported in accordance with the methodology under Guideline 2014/15 of the European Central
Bank on monetary and financial statistics (recast), as subsequently amended and supplemented.
This methodology was implemented into Chapter IV “Statistic al reporting of on-balance sheet
assets and liabilities of non-bank financial institutions” of Title I of NBR Regulation No. 4/2014
on reporting statistical data and information to the National Bank of Romania, as subsequently
Starting with the reference date of 31 March 2022, data on non-bank financial institutions are
reported in accordance with the methodology under Guideline 2021/12 of the European Central Bank
on statistical information to be reported on financial intermediaries other than monetary financial
institutions. This methodology was implemented into Chapter IV “Statistics regarding on-balance
sheet assets and liabilities of non-bank financial institutions” of Title I of NBR Regulation No. 4/2021 on
reporting statistical data and information to the National Bank of Romania. The on-balance sheet assets
and liabilities are broken down by financial instrument and institutional sector, in accordance with the
methodology provided under the European System of National and Regional Accounts (ESA 2010).
The breakdown of assets and liabilities by type of non-bank financial institutions is in line with the
lending activities regulated by Law No. 93/2009 on non-bank financial institutions and with the
General Register entries.
Based on the data submitted by non-bank financial institutions and in keeping with the analysis
requirements, loans are classified by institutional sector (households, non-financial corporations,
other sectors and non-residents), type of financing (consumer, housing and other loan types), original
maturity (up to 1 year, over 1 year and up to 5 years, and over 5 years) and currency (lei, EUR and other).
In the statistics of on-balance sheet assets and liabilities of non-bank financial institutions, the
accrued interest receivable/payable on loans and deposits is recorded under remaining assets/
remaining liabilities.

10. Interest rates applied by credit institutions

Starting with January 2022, interest rates on outstanding loans/deposits and lending and deposit
rates on new business are calculated in line with the methodology laid down in Regulation (EU)
No 1072/2013 of the European Central Bank of 24 September 2013 concerning statistics on
interest rates applied by monetary financial institutions (recast) (ECB/2013/34). This methodology
was implemented by the National Bank of Romania into Chapter III of Title I of NBR Regulation
No. 4/2021 on reporting statistical data and information to the National Bank of Romania, which
took over the provisions of NBR Regulation No. 4/2014 on reporting statistical data and information
to the National Bank of Romania, as subsequently amended and supplemented, that had been in
force in the period from December 2014 to December 2021 and was repealed.
Until December 2014, interest rates on outstanding loans/deposits and lending and deposit rates on
new business were calculated in line with the provisions of Regulation (EC) No. 63/2002 of the European
Central Bank of 20 December 2001 concerning statistics on interest rates applied by monetary
financial institutions to deposits and loans vis-à-vis households and non-financial corporations
(ECB/2001/18), as amended by Regulation (EC) No. 290/2009 of the European Central Bank of
31 March 2009 (ECB/2009/7). This methodology was implemented by the National Bank of Romania
into Chapter III of Title I of NBR Regulation No. 31/2011 on reporting statistical data and information to
the National Bank of Romania, as amended and supplemented by NBR Regulation No. 3/2013.
Interest rates are calculated as an arithmetic mean of annualised rates weighted by the outstanding
amounts of loans/deposits at the end of the reported month or by the new loan/deposit contracts
during the reported month.
The calculation base of interest rates on outstanding loans at the end of the reported month does
not include non-performing loans and loans for debt restructuring granted at below market rates.
The calculation base of lending rates on new business does not include overdrafts, revolving credit,
claims related to credit cards, non-performing loans and loans for debt restructuring granted at
below market rates.
The outstanding loans and deposits at the end of the reported month as well as the volume of new
loan/deposit contracts in the reported month do not include the accrued interest receivable/payable.
The annualised rate is the interest rate agreed between the credit institution and the customer for a
deposit or loan, converted to an annual basis and quoted in percentages per annum.
Pursuant to the Regulation, interest rates are calculated for the following institutional sectors:
non-financial corporations, households and non-profit institutions serving households (indicators
related to households also include non-profit institutions serving households), as well as for the
following balance sheet items: loans (total), overdrafts, revolving credit, claims related to (extended
and opportunity) credit cards, housing loans, consumer credit, other lending (including also
business development loans granted to freelancers and family associations), overnight deposits,
deposits redeemable at notice, time deposits and repo agreements.
11. Credit risk indicators

As of 1 January 2014, NBR Order No. 13/2011 regarding reporting minimum capital requirements
for credit institutions was implicitly repealed, once the new CRD IV [Directive 2013/36/EU and
Regulation (EU) No 575/2013] regulatory framework came into force. As of June 2014, indicators are

determined based on the information submitted by banks according to Commission Implementing

Regulation (EU) No 680/2014 laying down implementing technical standards with regard to
supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European
Parliament and of the Council. Starting 28 June 2021, it was replaced by Commission Implementing
Regulation (EU) 2021/451 of 17 December 2020 laying down implementing technical standards
for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council
with regard to supervisory reporting of institutions and repealing Implementing Regulation (EU)
No 680/2014.
For this purpose, pursuant to Article 92(2) of Regulation (EU) No 575/2013, institutions shall calculate
their capital ratios as follows: (a) the Common Equity Tier 1 capital ratio is the Common Equity Tier 1
capital of the institution expressed as a percentage of the total risk exposure amount; (b) the Tier 1
capital ratio is the Tier 1 capital of the institution expressed as a percentage of the total risk exposure
amount; (c) the total capital ratio (previously known as the solvency ratio) is the own funds of the
institution expressed as a percentage of the total risk exposure amount.
The leverage ratio measures to what extent credit institutions’ own funds cover the funding of their
business and it is calculated based on the methodology laid down in Regulation (EU) No 575/2013,
as an institution’s capital measure (Tier 1 capital) divided by that institution’s total exposure measure
(the sum of the exposure values of all assets and off-balance sheet items not deducted when
determining the capital measure). Once Commission Implementing Regulation (EU) No 680/2014
entered into force, the leverage ratio was included in the reporting statements in compliance with
the said technical standards and is reported accordingly by credit institutions.
Starting with January 2012, in view of the harmonisation of the chart of accounts and the financial
and prudential reporting system with the new rules required by the switch to the IFRS, certain
loan portfolio quality indicators determined based on financial statements (whose numerator
represented “past-due and doubtful claims”) could no longer be calculated and were therefore
replaced by the following indicators: (i) impaired loans to non-bank clients (net value)/total
non-bank loan portfolio (net value); (ii) impaired loans to non-bank clients (net value)/total assets
(net value) and (iii) impaired loans to non-bank clients (net value)/total liabilities.
The non-performing loan ratio is the key loan portfolio quality indicator.
According to the EBA regulations on reporting non-performing exposures and Regulation (EU)
2021/451, implemented at national level via NBR Order No. 9/2017 approving the Methodological
Norms on the FINREP reporting framework at solo level, in compliance with the International
Financial Reporting Standards, applicable to credit institutions for prudential purposes,
non-performing exposures are those listed under Article 47a paragraph 3 of CRR, as follows:
(a) an exposure in respect of which a default is considered to have occurred in accordance with
Article 178;
(b) an exposure which is considered to be impaired in accordance with the applicable accounting
framework;
(c) an exposure under probation pursuant to paragraph 7, where additional forbearance measures
are granted or where the exposure becomes more than 30 days past due;
(d) an exposure in the form of a commitment that, were it drawn down or otherwise used, would
likely not be paid back in full without realisation of collateral;

(e) an exposure in form of a financial guarantee that is likely to be called by the guaranteed party,
including where the underlying guaranteed exposure meets the criteria to be considered as
non-performing.
According to NBR Order No. 9/2017, the “non-performing loan ratio as defined by the EBA” is
calculated as the ratio of gross non-performing loans and advances (Form F18.00, lines 005, 070, 191
and 221, column 60) to total gross loans and advances (gross carrying amount) (Form F18.00, lines
005, 070, 191 and 221, column 10).
As for liquidity, according to the provisions of the European regulatory framework, credit institutions
shall calculate and report to the National Bank of Romania the liquidity coverage ratio (LCR).
Specifically, pursuant to Art. 4 of Commission Delegated Regulation (EU) 2015/61 to supplement
Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity
coverage requirement for credit institutions, the above-mentioned indicator shall be equal to
the ratio of a credit institution’s liquidity buffer to its net liquidity outflows over a 30 calendar day
stress period and shall be expressed as a percentage. Credit institutions shall maintain a liquidity
coverage ratio of at least 100 percent. The frequency, format and instructions of reporting on
liquidity coverage requirement were set by Implementing Regulation (EU) No 680/2014 laying down
implementing technical standards with regard to supervisory reporting of institutions according to
Regulation (EU) No 575/2013, replaced by Regulation (EU) 2021/451.
11.2. Credit risk information
11.3. Loans granted and commitments assumed by credit institutions
11.4. Loans granted by credit institutions
11.5. Debts overdue for more than 30 days incurred by individuals

Past-due debts for more than 30 days in the repayment of loans by individuals are reported by
the Credit Bureau, based on the data supplied by credit institutions and non-bank financial
institutions participating in the Credit Bureau System. In these reports, the overdue amount
recorded with the Credit Bureau represents the value of the past-due debt (principal, interest and
penalty rate) in relation to the concerned loan, denominated in the loan currency.
11.6. Loans granted and commitments assumed by NBFI + EMI + PI
11.7. Loans granted by NBFI + EMI + PI

The credit risk information encompasses identification data on a borrower – individual or
non-bank legal entity – and the following leu- and foreign currency-denominated operations
whereby reporting institutions face risk exposure to the respective borrower via: (a) loans granted
and (b) commitments assumed by the reporting institution on behalf of the debtor.
The credit risk information refers to the exposure of each reporting institution to a single borrower,
which may be equal to or higher than lei 20,000.
The borrower’s ownership type is consistent with MPF Order in force approving the Financial
Reporting System for economic agents (Types of Ownership Nomenclature); the type of loan
granted to individuals and non-bank legal entities (by risk) observes the accounting rules compliant
with the International Financial Reporting Standards applicable to credit institutions and with the
accounting rules compliant with EU Directives; the loan currency respects the globally applicable
regulations; activity of borrower is consistent with Order No. 337/2007, issued by the President of

the National Institute of Statistics, on the updating of NACE. The classification meets the analysis
requirements of the National Bank of Romania.
Tables 11.2., 11.3., 11.4., 11.6. and 11.7. show credit risk information reported to the Central Credit
Register. Data series for the past 84 months are updated on a monthly basis.
11.8. Rejected debit payment instruments
11.9. Account holders that generated payment incidents

Tables 11.8. and 11.9. provide information on the rejected debit payment instruments registered in
the Payment Incidents Register database, as well as on the accountholders that generated payment
incidents related to cheques, bills of exchange and promissory notes.
As regards the number of account holders, the monthly values represent the number of account
holders reported to the Payment Incidents Register (PIR) in the respective month. The arithmetic
sum of account holders calculated for several months is not the same with the number of account
holders reported once to the PIR over that period, as the same account holder can be reported with
payment incidents in different months.
12. Money market indicators
12.1. Interbank operations

According to NBR Norms No. 14 of 1 November 2007 amending and supplementing NBR Norms
No. 4/1995 on the functioning of the interbank money market, BUBID and BUBOR become ROBID
and ROBOR as follows: (i) ROBID: the interest rate on operations to raise funds and (ii) ROBOR:
the interest rate on operations to invest funds.
13. Foreign exchange market indicators
13.1. Interbank foreign exchange market

The monthly volume of transactions in the interbank foreign exchange market represents the sum
of the daily transactions, i.e. the daily highs between sales and purchases. The average annual
volume of foreign exchange transactions is calculated as an arithmetic mean of monthly foreign
exchange transactions.
The average monthly exchange rate (EUR/RON and USD/RON) is a simple arithmetic mean of daily
exchange rates calculated and published by the National Bank of Romania every business day
at 1:00 PM, based on the quotes of the banks licensed to perform foreign exchange transactions.
The average annual exchange rate (EUR/RON and USD/RON) is calculated as a simple arithmetic
mean of average monthly rates.
14. Capital market indicators
14.1. Bucharest Stock Exchange – Regulated market
The BET (Bucharest Exchange Trading) index is the BSE’s first official index. It is calculated as a
weighted average (with free float capitalisation) of the prices of stocks that make up the index
basket. BET index has a variable number of constituents, with a minimum of 10 companies and
a maximum of 15 companies.
Financial investment companies are not included in the basket of BET index. In order to prevent the
developments in a small number of companies from having a significant impact on the index, the
weight of any company in the index basket is limited to maximum 20 percent.

The BET-FI index is the first sector index developed by the BSE. It was originally calculated for the
5 financial investment companies listed and was envisaged to include all the financial investment
companies to be listed subsequently. Its calculation methodology is the same as that used for the
BET index.
The BET-XT and BET-NG indices were launched on 1 July 2008, the methodology for their calculation
being similar to that described above. The BET-XT index covers the developments in the 25 most
liquid and most heavily traded companies on the regulated market, including financial investment
companies, each accounting for no higher than 15 percent of the index basket.
The BET-NG index is a sector index reflecting developments in the share prices of the companies
traded on the BSE regulated market whose core business is related to the energy sector and its
related utilities. The maximum weight a company can hold in the index basket is 30 percent.
The BET Plus index, launched on 23 June 2014, reflects the evolution of Romanian companies listed
on the BSE regulated market that meet the minimum selection criteria (in terms of liquidity and
free-float value), except for financial investment companies. Similarly to the other indices developed
by the BSE, the methodology of the BET Plus index takes into consideration the trades recorded on
the main market segment (‘Regular’).
The ROTX (Romanian Traded Index) is a real time reflection of the movements of the blue chip stocks
traded on the BSE. There is no fixed number of shares included in the ROTX index portfolio, as the
key selection criteria are liquidity and market capitalisation. Calculated in lei, euro and US dollars
and disseminated in real time by the Wiener Börse AG, the ROTX index is designed as a tradable
index and can be used as an underlying asset for derivatives and structured products.
15. Romania’s balance of payments and international investment position indicators

In 2019, the external sector statistics for the 2013-2018 period were updated in the context of the
Harmonised European Revision Policy for Macroeconomic Statistics, which sets the standard rules
and principles for the revision of EU Member States’ statistical data. The general purpose of the
benchmark revision is to incorporate new, improved information into the statistical data series or
to ensure compliance with new international methodological standards or European regulations.
15.1. Balance of payments

The balance of payments summarises economic and financial transactions between residents
and non-residents of Romania with the rest of the world during a specific time period. It consists
of the goods and services account, the primary income account, transfers without a quid pro quo
(donations, grants and the like), as well as financial claims and obligations. Its main items are the
current account, the capital account, and the financial account.
a) The national legal framework: (i) Law No. 312/2004 on the Statute of the National Bank of
Romania: the National Bank of Romania is legally empowered to compile the balance of payments
(Article 9 para. (2)); (ii) Law No. 226/2009 on the organisation and functioning of official statistics in
Romania: (Article 6 paras. (3)-(5)); (iii) NBR Regulation No. 4/2021 on reporting statistical data and
information to the National Bank of Romania.
b) The international legal framework: (i) Regulation (EC) No. 184/2005 of the European Parliament
and of the Council on Community statistics concerning balance of payments, international trade in
services and foreign direct investment, as subsequently amended and supplemented; (ii) Guideline
2011/23 of the European Central Bank on the statistical reporting requirements of the European
Central Bank in the field of external statistics, as subsequently amended and supplemented.

c) The international methodological standard on balance of payments compilation is ensured

by the IMF’s sixth edition of the Balance of Payments and International Investment Position Manual
(BPM6). In order to ensure consistence between international macroeconomic statistics, the BPM6
was prepared in line with the revised OECD Benchmark Definition of Foreign Direct Investment
(2008 Benchmark Definition) and the System of National Accounts (2008 SNA).
d) Data sources: (i) quarterly sample-based or comprehensive direct statistical surveys on foreign
direct investment; international trade in services; and financial information in relation to
non-residents, other than that related to foreign direct investment; (ii) data collected on
a monthly basis from credit institutions in virtue of NBR Regulation No. 4/2021 on reporting
statistical data and information to the National Bank of Romania, related to transactions with
non-residents on their own behalf and account; (iii) security-by-security data collection system
for holdings and issues of securities; (iv) monetary statistics; (v) statistics on international trade in
goods; (vi) administrative sources; (vii) monthly estimates referring mainly to balance-of-payments
items for which data are available on a quarterly basis; (viii) data on liabilities in the form of
long-term external private debt collected from residents in accordance with the provisions of
Chapter II of Title II of NBR Regulation No. 4/2021; (ix) foreign direct investment data collected
on a quarterly basis from credit institutions, insurance corporations and non-bank financial
institutions in the General Register, in accordance with the provisions of Chapter III of Title II of
NBR Regulation No. 4/2021.
e) Concepts and definitions
I. Current account. The current account reflects the provision or acquisition of real resources
by the Romanian economy to or from the rest of the world, as well as unilateral transactions,
without a quid pro quo.
The current account is subdevised into goods, services, primary income, secondary income.
On the credit side, transactions show the part of the reporting economy’s domestic product
supplied to other economies (exports of goods and services), income from using factors
of production in foreign production process (compensation of employees and investment
income) as well as the receipt of real or financial resources from abroad without a quid pro quo.
On the debit side, transactions show acquisition of goods and services from abroad (imports),
income owed to non-residents for using their factors of production, real or financial resources
granted to non-residents without a quid pro quo.
I.1. Goods – show international export/import transactions implying the change of ownership
over the respective goods, unlike the export/import transactions reflected by the NIS
statistics on international trade in goods that capture the circulation, i.e. dispatches/arrivals,
of goods.
Trade in goods statistics exclude the value of goods that cross the border but do not change
economic ownership (goods for processing, identified based on the type of transaction), but
include the net value of processing services, which is recorded under “Manufacturing services
on physical inputs owned by others”.
I.1.1. General merchandise – shows exports and imports of goods that are subject to a change
in economic ownership between residents and non-residents and cross the country border.
Data are recorded at FOB values. Imports FOB are calculated by the NBR based on the CIF/FOB
conversion factor set by the NIS.

I.1.2. Merchanting – is defined as the purchase of goods by a resident (of the compiling
economy) from a non-resident combined with the subsequent resale of the same goods to
another non-resident without the goods being present in the compiling economy. Acquisition of
goods is recorded as negative exports of goods. Sale of goods is recorded as positive exports of
goods.The difference between the selling price and the acquisition price is shown in “net exports
of goods under merchanting”. Transactions are recorded at market values.
I.2. Services – are the result of a production activity that changes the conditions of the
consuming units (individuals, legal entities or economic goods), or facilitates the exchange
of products or financial assets.
I.2.1. Manufacturing services on physical inputs owned by others – cover processing,

assembly, labeling, packing, and so forth undertaken by enterprises that do not own the goods
concerned.
I.2.2. Maintenance and repair services – refer to maintenance and repair work by residents
on goods that are owned by non-residents (and vice versa). Repairs and maintenance on ships,
aircraft, and other transport equipment are included in this item. Construction maintenance
and repairs as well as maintenance and repairs of computers are excluded.
I.2.3. Transport – is the process of carriage of people and objects from one location to another
as well as related supporting and auxiliary services. It includes postal and courier services.
Transport can be classified according to: mode of transport and object of transport (passengers,
freight, other auxiliary services – uploading, downloading, storage etc.).
I.2.4. Travel credits cover the value in exchange for tourist services supplied to non-residents
during visits to Romania and outside Romania and travel debits cover the value in exchange for
tourist services provided to Romanian nationals outside Romania. The item includes business
travel such as training courses, business meetings, conferences, events, etc. Another breakdown
of travel shows: accommodation services, food-serving services, local transport services,
cultural activities, recreational services, travel arrangements, goods and services acquired by
persons during their stays abroad (e.g., souvenirs, provision of access to the Internet in hotels,
etc.), health- and education-related services involving conveyance of customers (patients,
students) from the home country to the host country.
I.2.5. Construction – refers to the total value of construction works carried out over less than
one year. It records on a gross basis the creation, renovation, repair, or extension of buildings,
land improvements of an engineering nature, and other such engineering constructions as
roads, bridges, dams and so forth.
I.2.6. Insurance and pension services – include services of providing direct insurance,
reinsurance, and auxiliary services, pension fund services. The value of these services is linked to
the fees included in the premiums, not the premiums themselves.
I.2.7. Financial services – cover financial intermediary and auxiliary services, except insurance
and pension fund services. They include both services charged for by explicit charges and
financial intermediation service charges indirectly measured, abbreviated as FISIM.
I.2.8. Charges for the use of intellectual property – include charges for the use of proprietary
rights that can arise from research and development as well as from marketing activities (patents,
trademarks, copyrights, industrial processes and designs including trade secrets, franchises) as well
as charges for licenses to reproduce or distribute (or both) intellectual property, and related rights.

I.2.9. Telecommunications, computer, and information services
Telecommunications services encompass the transmission of sound, images, data, or other

information by telephone, telex, telegram, radio and television cable transmission, radio and
television satellite, e-mail, facsimile, and so forth, including business network services,
teleconferencing, and support services. Also included are mobile telecommunications services,
Internet backbone services, and online access services, including provision of access to the Internet.
Computer services consist of hardware- and software-related services and data-processing

services. Also included are hardware and software consultancy and implementation services;
maintenance and repairs of computers and peripheral equipment; data recovery services,
provision of advice and assistance on matters related to the management of computer
resources; analysis, design, and programming of systems ready to use (including webpage
development and design), and technical consultancy related to software; licenses to use
non-customised (mass-produced) software; the development, production, supply, and
documentation of customised software, including operating systems made to order for specific
users; systems maintenance and other support services, such as training provided as part of
consultancy; data-processing services, such as data entry, tabulation, and processing on a
time-sharing basis; webpage hosting services (i.e., the provision of server space on the Internet
to host clients’ webpages); and computer facilities management.
Information services comprise news agency services as well as other information provision
services: database services (database conception, data storage, and the dissemination
of data and databases, including directories and mailing lists) both online and through
magnetic, optical, or printed media; and web search portals. They also include direct
non-bulk subscriptions to newspapers and periodicals, whether by mail, electronic
transmission, or other means; other online content provision services; and library and
archive services. Downloaded content that is not software (included in computer services)
or audio and video (included in audio-visual and related services) is included in information
services.
I.2.10. Other business services – cover research and development services, professional and
management consulting services, technical, trade-related, and other business services.
I.3. Primary income – shows the return that accrues to institutional units for their contribution
to the production process or for the provision of financial assets and renting natural resources,
as reflected by the flows between resident and non-resident institutional units.
I.3.1. Compensation of employees – presents remuneration in return for the labour input to
the production process contributed by an individual in an employer-employee relationship
over a period less than one year.
I.3.2. Investment income – is derived from the provision/use of financial assets in a resident-
non-resident relationship. It includes income on equity (dividends, reinvested earnings) and
other financial assets (interest). In the balance of payments, investment income is classified
according to the type of investment: direct investment income, portfolio investment income,
other investment income and income on reserve assets. For the definitions of the types of
investment, see the financial account.
I.3.3. Other primary income – classifies income by institutional sector of the reporting
economy (general government or other sectors) and includes taxes on production and
imports and subsidies on products and production. The non-refundable EU funds in

the form of subsidies from the European Agricultural Guarantee Fund are recorded under
other primary income of the general government.
I.4. Secondary income – encompasses current transfers between residents and non-residents.
A transfer is an entry that corresponds to the provision of a good, service, financial asset, or
other non-produced asset by an institutional unit to another institutional unit when there
is no corresponding return of an item of economic value. Current transfers consist of all
transfers that are not capital transfers.
Current transfers are classified by the institutional sector providing or receiving the transfer:
general government or other sectors. Current transfers of the general government comprise
current taxes on income, wealth etc., social contributions, social benefits, current international
cooperation, miscellaneous current transfers and the contribution to the EU budget (calculated
based on value added tax and gross national income). They include non-refundable EU funds
for current expenditure drawn from the European Social Fund, and partly from the European
Agricultural Fund for Rural Development.
Current transfers of other sectors include current taxes on income, wealth etc., social
contributions, social benefits, net non-life insurance premiums, non-life insurance claims,
miscellaneous current transfers (personal transfers between resident and non-resident
households, including workers’ remittances).
II. Capital account covers acquisition and disposal of non-produced, non-financial assets and
capital transfers between residents and non-residents.
II.1. Acquisition and disposal of non-produced, non-financial assets
Non-produced, non-financial assets consist of: natural resources, contracts, leases, and licenses
and marketing assets (trademarks) and goodwill. This item records only acquisition and disposal
of such assets, not their use.
II.2. Capital transfers consist in changes in ownership over fixed assets, transfers of funds
connected to or conditional on the acquisition or disposal of a fixed asset and the cancellation
of liabilities by the creditors without a quid pro quo. Capital transfers can be made in cash or in
kind (such as debt forgiveness). The distinction between current transfers and capital transfers
is, actually, the use of the transfer by the recipient country.
Capital transfers include: (i) taxes on capital; (ii) capital transfers for investment and (iii) other
capital transfers and are classified according to the institutional sector initiating or receiving the
transfer in the reporting economy: general government or other sectors. The capital transfers of
the general government include non-refundable EU funds used for fixed capital formation and
drawn from the European Regional Development Fund, the Cohesion Fund, and partly from the
European Agricultural Fund for Rural Development.
III. Financial account
The financial account records net transactions that involve financial assets and liabilities
and that take place between residents and non-residents. The net acquisition of financial assets
is the difference between the acquisition of assets and the reduction in assets, while the net
incurrence of liabilities is determined as the difference between the incurrence of liabilities
and the reduction in liabilities.
Based on the functional category, the financial transactions are classified as: (i) direct investment;
(ii) portfolio investment; (iii) financial derivatives; (iv) other investment and (v) reserve assets.

III.1. Direct investment
Direct investment implies a long-term investment relationship between a resident and a

non-resident entity; it usually involves a significant degree of influence exerted by the investor
on the management of the enterprise in which he has invested.
The direct investment components are: equity, namely the paid-up capital and the reserves
related to a non-resident investor holding at least 10 percent of the subscribed share capital of
a resident enterprise, the related reinvested earnings, as well as debt instruments (e.g., loans)
between the investor or the group to which the investor belongs and the enterprise in which
he has invested.
III.2. Portfolio investment is defined as cross-border transactions involving debt or equity

securities, other than those included in direct investment or reserve assets. Portfolio investment
includes securities such as equity, investment fund shares and debt instruments, except
when they are classified either as direct investment or reserve assets.
III.3. Financial derivatives
A financial derivative contract is a financial instrument that is linked to another specific financial
instrument or indicator or commodity and through which specific financial risks (such as
interest rate risk, foreign exchange risk, equity and commodity price risks, credit risk, and so on)
can be traded in their own right in financial markets. This category is identified separately
from the other categories because it relates to risk transfer, rather than supply of funds or
other resources. Unlike other functional categories, no primary income accrues on financial
derivatives.
Due to the fact that in the case of financial derivative transactions the distinction between
assets and liabilities is difficult, a convention was established at European level whereby all
transactions with such instruments are recorded in the balance of payments as net acquisition
of financial assets.
III.4. Other investment is a component that consists of transactions other than those included
in direct investment, portfolio investment, financial derivatives and reserve assets.
III.4.1. Equity other than that related to direct investment and portfolio investment
reflects the participation in the capital of some international organisations, as well as the less
than 10 percent participation in the share capital of quasi-corporations.
III.4.2. Currency and deposits include currency in circulation and deposits. Deposits are
standard, non-negotiable contracts, generally offered by deposit-taking corporations, allowing
the placement and the subsequent withdrawal of an amount of money by a creditor.
III.4.3. Loans include all loans, including housing loans, financial lease and repos.
All repurchase agreements are considered collateral loans, rather than simple sales/purchases
of securities and are recorded under other investment.
III.4.4 Insurance, pension and standardized guarantee schemes - include external assets
and liabilities related to financial instruments, such as general insurance technical provisions,
rights on life insurance and rents, pension rights, pension fund rights on the administrators
of the pension funds, rights to benefits, other than pensions, as well as the provisions for the
execution of the standardized guarantees;

III.4.5. Trade credit and advances are financial claims arising from credit extended directly
by the suppliers of goods and services to their customers and advances for work that is in
progress or is yet to be undertaken. Trade credit and advances arise when payment for goods
or services is not made at the same time as the change in ownership of a good or provision
of a service.
III.4.6 Other accounts receivable/payable - include financial assets/liabilities, other than loans
and trade credits and advances, which arise due to the time lag between the moment when a
claim or an obligation to make a payment arises and the moment when it is settled. Included
are the amounts receivable / payable related to taxes, wages, dividends and social contributions
that have been accrued but not yet received/paid.
III.4.7. SDR allocations – a component presenting a recipient’s liability in relation to the IMF,
with a corresponding entry under reserve assets.
III.5. Reserve assets are those external assets that are readily available to and controlled by
monetary authorities for meeting balance of payments financing needs, for intervention in
exchange markets to affect the currency exchange rate, and for other related purposes (such
as maintaining confidence in the currency and the economy, and serving as a basis for foreign
borrowing). Reserve assets must be foreign currency assets, claims on non-residents and assets
that actually exist.
Residents
■ natural entities – Romanian, foreign and stateless citizens residing in Romania, as attested by
identity documents issued according to the law;
■ legal entities and any other entities headquartered in Romania, as well as natural entities,
Romanian, foreign and stateless citizens residing in Romania, which are authorised
and/or registered to operate in Romania independently, according to the legal regulations
in force;
■ branches, agencies, representative offices, offices of foreign legal entities or other foreign
entities, registered and/or authorised to operate in Romania; and;
■ embassies, consulates and other permanent representative offices and missions of Romania
abroad.
Non-residents
■ natural entities – foreign, Romanian and stateless citizens residing abroad, as attested by
identity documents issued according to the law;
■ legal entities and any other entities headquartered abroad, as well as individuals, foreign,
Romanian and stateless citizens residing abroad, which are authorised and/or registered to
operate abroad, independently, according to the legal regulations in force;
■ branches, agencies, representative offices, offices and any other undertakings of Romanian
legal entities or other Romanian entities registered and/or licensed to operate abroad; and
■ embassies, consulates and other permanent representative offices and missions of other
countries in Romania, as well as international organisations or representative offices of such
organisations operating in Romania.

15.2. International trade in services

The statistics on exports and imports of services are compiled according to the BPM6 methodology
and are broken down by type of service according to the EBOPS classification (Extended Balance of
Payments Services Classification).
15.3. Direct investment – directional principle

The difference between the asset-liability presentation (as shown in the standard balance-of-payments
components) and the directional principle presentation is that the latter focuses on the investment
relationship between the direct investor and the direct investment enterprise (claims of these
enterprises on non-resident investors are recorded as decreases/withdrawals of direct investment).
Statistical data on direct investment recorded on a directional basis are compiled according to the
BPM6 methodology.
15.4. Long-term external debt

Gross external debt is the outstanding amount of those actual current, and not contingent, liabilities
that require future payments of principal and/or interest by the debtor and that are owed to
non-residents by residents of an economy (according to the definition in External Debt Statistics:
Guide for Compilers and Users). Statistics on gross external debt are compiled in compliance with
the IMF and the EU methodology (Balance of Payments Manual – BPM6; Manual on Government
Deficit and Debt –Implementation of ESA 2010, 2014 Edition).
External debt includes the following debt financial instruments: currency and deposits, loans, debt
securities, trade credit and advances, liabilities from insurance, pension, and standardised guarantee
schemes, SDR allocations and other liabilities (according to the IMF’s External Debt Statistics: Guide for
Compilers and Users, 2014).
External public debt is recognised, monitored and managed by the Ministry of Finance (Law No. 109/2008
approving Government Emergency Ordinance No. 64/2007 on public debt). Capital transactions
in the form of long-term (LT) external private debt shall be notified to the NBR pursuant to NBR
Regulation No. 4/2021 on reporting statistical data and information to the National Bank of Romania.
15.6. International investment position

Statistical data on Romania’s international investment position are compiled based on IMF and
EU methodology (Balance of Payments Manual – BPM6).
Romania’s international investment position covers the country’s stock of external assets and
liabilities (between residents and non-residents) at a given time. Closing stocks are calculated based
on the opening stocks and the information on financial flows (included in the balance-of-payments
financial account) by taking into account exchange rate changes, international price changes, and
other financial adjustments over the period under review.
The breakdown of international investment position reveals the main functional categories:
direct investment, portfolio investment, financial derivatives, other investment and reserve
assets. They comprise financial instruments such as equity, debt securities, financial derivatives,
other equity, currency and deposits, loans, trade credits, pension and insurance schemes, other
assets/liabilities, special drawing rights (SDRs), gold and other reserve assets. Financial instruments
also contain information on their maturity.
Data on international investment position are compiled on a quarterly basis and revised in
March/September each year for the previous reference period.

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Monthly Bulletin: April 2023

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Monthly Bulletin

Year XXXI, No. 354

Some of the data are still provisional and will be updated

The source of statistical data used in charts and tables

All rights reserved.

National Bank of Romania,

Summary of the main economic developments

Main rules and regulations adopted in the economic,

Demand In 2023 Q1, real GDP rose at a slower annual pace

NATIONAL BANK OF ROMANIA 5

construction activity seen in 2023 Q1 is little likely to

The sluggish industrial activity in Europe impacted

In April 2023, industrial activity was further hindered

6 NATIONAL BANK OF ROMANIA

Labour force months of robust growth. Crude oil processing recorded

In April 2023, the annual dynamics of trade decelerated

NATIONAL BANK OF ROMANIA 7

100 In the reviewed period, the annual growth rate of exports

The annual dynamics of industrial producer prices on

8 NATIONAL BANK OF ROMANIA

NATIONAL BANK OF ROMANIA 9

In its meeting of 4 April 2023, the NBR Board decided

Specifically, the annual inflation rate went down

Moreover, in annual terms, economic growth stepped

10 NATIONAL BANK OF ROMANIA

of goods and services. Hence, the annual increase in

At the same time, the new assessments showed that

Uncertainties were, nevertheless, associated with the

At the same time, the cyclical position of the economy

However, the war in Ukraine and the related sanctions

NATIONAL BANK OF ROMANIA 11

Major uncertainties and risks were, nevertheless, further

Exchange rate calculated and published by the NBR

5.00 Credit institutions’ interest rates applicable to non-bank

clients witnessed primarily downward adjustments

12 NATIONAL BANK OF ROMANIA

Credit institutions’ interest rates on new business to non-financial corporations went

NATIONAL BANK OF ROMANIA 13

Main rules and regulations adopted in the economic,

Main regulations issued by the National Bank of Romania

14 NATIONAL BANK OF ROMANIA

1. MAIN MACROECONOMIC INDICATORS 20

2. CONSUMER PRICES BY MAIN GOODS AND SERVICES 22

3. MONETARY POLICY INDICATORS 23

3.1. Open-market operations performed by the National Bank of Romania 23

5. MONETARY BALANCE SHEETS OF MONETARY FINANCIAL INSTITUTIONS 24

5.1. Monetary balance sheet of the National Bank of Romania 24

6. BROAD MONEY M3 AND ITS COUNTERPARTS 30

7. BREAKDOWN OF MONETARY FINANCIAL INSTITUTIONS’ DEPOSITS AND LOANS

7.1. Deposits of non-government resident clients 32

16 NATIONAL BANK OF ROMANIA

8. ASSETS AND LIABILITIES OF NON-MMF INVESTMENT FUNDS 40

8.1. Balance sheet 40

9. ASSETS AND LIABILITIES OF NON-BANK FINANCIAL INSTITUTIONS

9.1. Balance sheet structure dynamics 44

10. INTEREST RATES APPLIED BY CREDIT INSTITUTIONS 47

10.1. Lei-denominated time deposits 47

7. BREAKDOWN OF MONETARY FINANCIAL INSTITUTIONS’ DEPOSITS AND LOANS

9. ASSETS AND LIABILITIES OF NON-BANK FINANCIAL INSTITUTIONS

15. ROMANIA’S BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION