Deposits maturing in less than one month represented 33% of the total household deposits at the end of last year in Romania.

Deposits with maturities between one month and three months had a 30% share, according to the Romanian National Bank.

Long-term deposits, with maturity of over one year, had a 5% share.

Banks have started promoting long-term deposits only recently, as they found themselves without other financing, such as loans from parent banks.

Local lenders do not offer higher interest on deposits of over one or two years, which could convince people to keep their money in bank for a longer time, said Dragos Cabat, managing partner of consultancy Financial View, cited by local Ziarul Financiar.

editor@romania-insider.com