Romanian banks - Private loans have increased 2.9% mom in June
Raiffeisen Capital & Investment - 26 Iulie 2011
According to the latest data provided by the Central Bank (BNR) private loans have increased 2.9% mom in June to RON 214 bn. Private loans growth have received a boost from the RON depreciation (2.7% mom), but apart from that, the main driver continued to be the corporate segment with a growth of 3.5% mom in nominal terms.
Household component posted a slower dynamic. The yoy growth of the private loans was still a modest 1.3% but it seems that loan growth have gained momentum over the past months. We view this piece of news as neutral for the two covered banks. We have assumed in our models a 4.2% yoy growth rate in 2011 for private loans.
Sursa: http://www.rciro.ro
Tags: private
loans
growth
bnr
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