Non-banking financial companies in Romania granted loans totaling EUR 149 million between January and March this year, up by a third compared to the same period in 2015.

The increase was due to higher consumer confidence in the economy, according to the Romanian Financial Companies Association – ALB.

Over 90% of the loans’ value, the equivalent of EUR 135.4 million, went to finance consumption whereas 6.1% represented industrial loans. Funding for buying cars had the lowest share, with only 1.8% of the total financing.

editor@romania-insider.com