Credit market in February favoured economic agents

The gap between the interest levied by commercial banks for deposits and the interest for credits is wide enough both in lei and in other currency: almost 7/9 percentage points in the case of individuals and around 6.5 percentage points in the case of legal entities, according to National Bank reports for February cited by Info-Prim Neo. That month, as for businesses, the situation was quoted favourable: the interest rates rose significantly – by 3.28 percentage points for deposits in lei and by 0.68 percentage points for deposits in foreign currency. Meanwhile the interest for credits dropped or increased narrowly. The interest rate in the case of individuals decreased both for credits and for deposits in lei bz 0.36 and, respectively, 0.26 percentage points. In the case of credits in foreign currency, the interest dropped 0.03 and for deposits in foreign currency by 0.16 percentage points. Interest rate for deposits and credits, February 2006, in lei Credits Individuals 20.58 -0.36 Businesses 17.83 0.57 Deposits Individuals 11.84 -0.26 Businesses 11.19 3.28 In foreign currency Credits Individuals 12.22 0.03 Businesses 11.06 0.07 Deposits Individuals 5.03 -0.16 Businesses 4.68 0.68