securities (issued by non-residents); shares and other equity with non-residents; monetary gold.

Foreign liabilities include liabilities incurred by non-residents: deposits, marketable securities

issued on external markets. The IMF’s SDR allocations are not included in foreign liabilities.

***after deducting domestic liabilities (except M3 components) from domestic assets.

Domestic assets include: loans granted to residents; marketable securities (issued by residents);

shares and other equity with residents.  

Domestic liabilities (except M3 components) include liabilities incurred by residents: deposits with an

agreed maturity of over two years (including deposits redeemable at a period of notice of over three

months); marketable securities with a maturity of over two years issued on the domestic market; capital and

reserves.

At end-June 2012, non-government loans granted by credit institutions decreased by RON 13.1 million from May 2012 to RON 227,086.7 million. RON-denominated loans increased by 2.1 percent (2.1 percent in real terms), whereas foreign currency-denominated loans fell by 1.2 percent when expressed in RON and by 0.8 percent when expressed in EUR. At end-June 2012, non-government loans climbed by 6.3 percent (4.2 percent in real terms) year on year, on the back of the 4.2 percent rise in RON-denominated loans (2.1 percent in real terms) and the 7.5 percent advance in foreign currency-denominated loans expressed in RON (when expressed in EUR, forex loans expanded by 2.3 percent).

Table 3. Non-government loans*