According to NBR data, euro loans now represent 53% of total non-governmental lending, after the figure increased by 70% between January 2007 and January 2008. Euro loans increased their share in overall lending by 3.3% during this interval because of the steady growth, brought about by a strong appetite for euros, both on the part of individuals and companies. A similar increase was registered in 'other currencies', which saw their share increase from 0.8% in January 2007 to 3.7% in January. Most of these were loans in Swiss francs, granted by banks to individual customers. These products were introduced on the market in autumn 2005, and are now preferred especially when it comes to funding real estate development, as the lower interest allows the applicant to borrow more. The volume of loans went up from the equivalent of 851 million RON to 6.37 billion RON (1.7 billion euros), according to the Central Credit Register, the NBR department that collects information on banks' exposures in excess of 20,000 RON (or the equivalent in other currencies) to a single client.
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