The over 200 non-bank financial institutions (NBFI) in Romania - consumer credit companies, mortgage firms, leasing and factoring firms reached over 36.68 billion RON (9.2 billion euros) in credits granted at the end of last year, 30% more than the March 2008 value, according to data published by the NBR (National Bank of Romania). Calculated in euros, the volume of loans climbed 21% against March 2008, when the NBR first published quarterly data on this market, apart from those in the Annual Financial Stability Reports. Loans granted by NBFIs accounted for around 18.5% of overall non-government credit in the banking system in December 2008, which amounted to almost 198.1 billion RON (49.7 billion euros), from 17% in March last year. The data published by the NBR target non-bank financial institutions included in the General Register, i.e. all leasing, consumer credit firms, mortgage lending, factoring, micro-crediting firms and to other types of loans, with such firms being required to secure the NBR's approval to continue their activity four years ago, and now report financial results to the Romanian central bank on a quarterly basis. The NBFI's overall assets reached 44.4 billion RON (11.15 billion euros) in December last year, 30% more than in March. The NBFI's assets accounted for around 14% of the overall assets in the banking system at the end of last year.
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