The consumer lending continued to speed up its growth for the third month in a row, reaching a growth pace of over 110% year-on-year in March, the highest level seen in the last few years. Even in real terms, the credit marks a doubling against March last year. Its dynamic was fuelled by the loans in domestic currency, which saw a 131% growth in April, also the fastest growth pace in the last few years. Lending in RON remains the main alternative to quench the thirst for consumption, which causes their growth pace to maintain at a high level, even with a significant calculation base. At the end of March, the consumer credit in RON had reached 13.1 billion RON (some 3.8 billion euros). Its better dynamics helped the RON consolidate its weight in the structure of consumer financing, which increased by six percent, to almost 72%. Meanwhile, the foreign currency credit is moving increasingly slower, to a 70% growth (this April against April 2004), 13 percentage points less than in March.
The slowdown is also due to the base effect given that the volume of the foreign currency lending saw a five-fold increase from year to year. ZF
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