Overnight Deposits At BNR Rise To RON34.6B In April

05.11.2011 By Florentina Dragu

Overnight deposits at Romania’s central bank BNR reached a combined amount of 34.6 billion lei (EUR8.46 billion) in April, more than double on the month, central bank data showed Wednesday.

In March, total overnight deposits stood at RON14.15 billion.

The deposit facility rate was 2.25% in April, unchanged on the month.

The lenders didn't borrow any funds through the Lombard facility from the central bank in April.

The deposit facility can be used by the commercial bank as a short-term investing instrument to make overnight deposits with the central bank. It aims at regulating the liquidity level and stabilizing the market interest rates.

In 2010, Romanian lenders parked an overall amount of RON387.3 billion in overnight deposits, up sevenfold on the year.

The banks only borrowed RON1.87 billion from the central bank through the Lombard facility last year. (EUR1=RON4.0885)