STUDY ON THE LEVEL OF LENDING TO ECONOMIC SECTORS IN ROMANIA

Andrea Feher, Claudia Sîrbulescu, Cosmin Sălășan, Raul Pașcalău, Daniela Haranguș, Adrian Băneș, Miroslav Raicov

Abstract


This paper analyses the evolution of loans granted by credit institutions by sectors of activity in Romania in the period 2000-2019. Total credit volume increased in the analysed range of 20.3 times, experiencing oscillating developments from one sector to another. Loans for financing the primary sector (agriculture) increased by 22.6 times over the period 2000-2019, with a sharper increase in lending to this sector after the financial crisis of 2008-2010. In the first years after the year 2000 the secondary sector (industry) experienced the greatest support from banks, following that the trend to decrease in the last ten years. Lending to the tertiary sector (services) has seen overall a slight increase in the lending level of year-on-year, but below the growth rate in lending economy in general. A strong upward trend has registered by lending to individuals, through loans granted for consumption and for housing purchase, a sign that Romanians' incomes have increased by increasing their appetite for consumption.


Keywords


bank credit; agriculture; industry; services

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Copyright (c) 2020 Andrea Feher, Miroslav Raicov, Adrian Băneș

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
300645, Timisoara, Calea Aradului 119, Romania

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