Banks have in the past year increased by 11.5% their portfoliosof loans granted to the field of agriculture, the only sector ofthe economy that managed to still borrow money, while for the restlending has been practically frozen. In late February, the volumeof lending to agriculture reached 6.8bn RON (around 1.7bn euros),in line with NBR data. The weight of agriculture in the overallloan portfolio is still low, though, at around 2.7% of loansreleased by banks, against 8.5% in the case of constructions and18.8% in the case of industry. The services sector, which attractedalmost one third of financing, holds the biggest weight in overallloans. While they lent more to agriculture, banks last year andearly this year directed most available funds to the public sector.Thus, loans aimed at the public administration in February rose by28% from a year ago, to 12.4bn RON (some 3bn euros). Inconstructions, industry and services the amount of loans dropped bybetween 1 and 4.8%. In the following period, bankers expect to lendmore to constructions as this field is likely to rebound afterstalling for more than a year.
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