National Bank of Romania publishes March 2026 monetary indicators with M3 at RON 793.5bn and non-government credit at RON 453.8bn

The National Bank of Romania published provisional monetary statistics for March 2026, showing broad money (M3) at RON 793,536.6 million at month-end. M3 increased by 0.5% from February 2026 (down 0.3% in real terms) and by 7.3% versus March 2025 (down 2.4% in real terms). Non-government credit rose to RON 453,791.5 million, up 1.1% month on month (0.3% in real terms) and up 7.1% year on year (down 2.5% in real terms), while non-government resident deposits increased to RON 673,175.3 million, up 0.7% month on month and 7.0% year on year (down 2.6% in real terms). M3’s counterpart reflected net foreign assets of RON 410,310.8 million, up 2.7% month on month and 14.4% year on year, alongside net domestic assets of RON 383,225.8 million, down 1.8% on the month and up 0.6% over the year. Credit to the non-government sector remained predominantly in lei (67.8% share), with year-on-year growth of 3.7% for the leu component and 15.1% for the foreign currency component when expressed in lei. Government credit rose 1.8% month on month to RON 279,814.4 million and 11.6% year on year (1.6% in real terms), comprising RON 47,588.6 million in loans to public administrations and RON 232,225.8 million in government debt securities held by credit institutions. On deposits, leu-denominated balances (68.6% share) increased 4.9% year on year, while foreign currency deposits rose 11.9% in lei terms and reached EUR 41,504.8 million when expressed in euro. The next release covering April 2026 monetary indicators is scheduled for 27 May 2026.