The corporate segment is the only one that attracts more loansfrom banks, with euro loans being in demand. The RON, on the otherhand, is out of favour as far as borrowing is concerned, withindividual customers no longer having the courage to take ondebt.
The focus of lending towards companies is seen as a good signalby analysts, while the decline of loan demand from individualcustomers was to be expected after the austerity measures imposedby the Government in the summer.
"In September, when the effects of the austerity measures werefully felt, we can talk about a stagnation of lending rather than acollapse. The fact that we are seeing a slight increase on thecorporate segment is exactly what we were expecting and inprinciple it is the base for a healthy rebound, both of lending andof the economy," says Rozalia Pal, chief-economist of UniCreditŢiriac Bank. Private lending fell by 0.4% in real terms, with theSeptember volume amounting to 207.9 billion RON (48.8 billioneuros). Corporate funding is equal to funding for thepopulation.
Companies kept their volume of RON-denominated loans relativelysteady, both compared with August, and with September of last year.Foreign currency loans, on the other hand, rose by around 1% inSeptember, with the rise against September of last year amountingto 10% amid a volume expressed in RON.
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