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Private lending remained frozen last year. Bankers ask for infrastructure projects
27.01.2011, 00:11 | Finance-Banks | 799 views
Bankers kept private lending "frozen" last year and, in the absence of funding, the Romanian economy ended up being the only country in negative territory apart from Greece, more than two years after the 2008 financial crisis. Private sector lending fell by 3% in real terms last year (eliminating the impact of inflation), similarly to what happened in 2009. The scenario of the past two years is radically different from the up to 50% growth rates recorded in the booming years of the economy. At the end of last year the volume of private lending was 49 billion euros, compared with nearly 50 billion euros in December 2008. Read more on ZF.ro
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