BNR succeeds in promoting domination of the leu

This is one of the conclusions contained in the third Focus+ report, compiled by Business Standard on the basis of data published by BNR, and available in full on the www.standard.ro site. Individuals and companies have begun to liquidate their foreign currency deposits to benefit from growing yields offered by savings in lei, while lending in lei rose more rapidly than in foreign currencies, according to a comparative analysis of most recent BNR data.

The downside effect of BNR’s policy is an accelerating rise in lei arrears and of their absolute value. There are major regional differences, such as prudence in Covasna and Salaj counties, financial indiscipline in Ialomita and Teleorman, opportunities in Bacau and Tulcea, and market saturation in Bucharest and counties home to major cities.