Use of Financial Services, Assets: Outstanding Loans to Households at Other Financial Intermediaries for Romania
ROUFCSMHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,445,565,600.00
Year-over-Year Change
-10.46%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the outstanding loans to households from non-bank financial intermediaries in Romania. It provides insights into household borrowing patterns and the activity of the broader financial sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Use of Financial Services, Assets: Outstanding Loans to Households at Other Financial Intermediaries for Romania' series tracks the volume of loans extended to Romanian households by financial institutions other than commercial banks, such as credit unions, leasing companies, and microfinance providers. This metric offers a window into the accessibility and utilization of alternative credit sources.
Methodology
The data is collected by the National Bank of Romania through surveys of non-bank financial institutions.
Historical Context
This trend is relevant for analyzing the depth and diversification of Romania's financial system and household credit markets.
Key Facts
- Romania's non-bank lending to households was €3.7 billion in 2021.
- Loans from other financial intermediaries account for about 10% of total household debt in Romania.
- The non-bank lending sector in Romania has grown rapidly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans made to Romanian households by financial institutions other than commercial banks, such as credit unions and leasing companies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the diversification and accessibility of household credit sources in Romania, beyond the traditional banking sector.
Q: How is this data collected or calculated?
A: The National Bank of Romania collects this data through surveys of non-bank financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the depth and inclusiveness of Romania's financial system and to monitor household borrowing patterns.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Other Financial Intermediaries for Romania (ROUFCSMHXDC), retrieved from FRED.