• Schedule of reception of citizens by the Executive Board of the National Bank of Moldova.
    The registration of applicants for an audience is carried out based on a written request on the subject addressed.


  • Anca Dragu, Governor

    1st Wednesday of the month: 14.00-16.00;
    Telephone: +373 22 822 606.


  • Vladimir Munteanu, First Deputy Governor

    2nd Wednesday of the month: 14.00-16.00;
    Telephone: +373 22 822 606.


  • Tatiana Ivanicichina, Deputy Governor

    3rd Wednesday of the month: 14.00-16.00;
    Telephone: +373 22 822 607.


  • Constantin Șchendra, Deputy Governor

    4th Wednesday of the month: 14.00-16.00;
    Telephone: +373 22 822 607.

Please, note the requirements for receiving and examining petitions and requests for access to information of public interest addressed to the National Bank of Moldova!

Details

 

Main navigation BNM

Expand Hide
18.03.2016

Credits and deposits market in February 2016



Weighted average interest rateData included in this communiqué are reflected in accordance with the Instruction on reporting the interest rates applied by banks of the Republic of Moldova, approved by the Decision of the Council of Administration of the NBM no.304 of 22 December 2011, Official Monitor of the Republic of Moldova no.238-242 of 30.12.2011 on new loans in national currency granted in February 2016 was 16.01 percent, increasing by 4.07 percentage points compared to the same period last year (Chart no.1).  As compared to the previous month, the weighted average interest rate on loans in national currency decreased by 0.07 percentage points..
Loans with terms from 2 to 5 years continued to be the most attractive, their share accounting in February 2016 for 37.2 percent of the total volume of loans in national currency (Chart no.2) and were granted at an average rate of 15.35 percent (decreasing by 0.02 percentage points compared to the previous month).

Chart no. 1. Loans structure, by maturity (%)

Chart no. 2. Loans structure, by maturity (%)

 Loans granted to legal entities at an average rate of 15.57 percent held the largest share in the new granted loans in national currency, representing 68.0 percent of total volume of loans in national currency. At the same time, the average rate on loans granted to individualsIncluding individuals performing an activity amounted to 16.95 percent (Chart no.3).

Weighted average interest rate on new loans in foreign currency granted in the reporting period was 6.35 percent, by 1.0 percentage points less compared to February 2015.  As compared to the previous month, the average interest rate in February 2016 decreased by 0.10 percentage points.

The volume of loans granted in foreign currency was 98.8 percent of total loans in foreign currency, being mainly represented by the loans granted to legal entities with an average rate of 6.33 percent (Chart no.4). The loans granted in foreign currency with terms from 2 to 5 years were the most attractive (40.0 percent of total loans granted in foreign currency), being granted at an average interest rate of 6.59 percent.

Chart no. 3.Interest rates on loans granted in national currency, by contractual maturities (%, annually)

Graf. 4. Interest rates on loans granted in foreign currency, by contractual maturities (%, annually)

In February 2016, average interest rate on new term deposits attracted in national currency was 14.44 percent, increasing by 5.56 percentage points compared to February 2015 (Chart no.5). Compared to January 2016, the average interest rate on term deposits attracted in national currency decreased by 0.89 percentage points during the reporting period.

Term deposits with terms from 3 to 6 months held the largest share (46.2 percent) of total term deposits in national currency, which were attracted at an average interest rate of 17.07 percent (Chart no.6).

Chart no. 5. Interest rates on new term deposits by banking system (% annually)

Chart no. 6. Deposits structure, by maturity (%) 

The share of term deposits in national currency attracted from individuals during the reporting period was 76.8 percent of total term deposits attracted in national currency, decreasing by 3.7 percentage points as compared to the previous month. The average interest rate on these deposits was 17.12 percent (Chart no.7). The average rate of deposits attracted from legal entities was 5.57 percent, reflecting a decrease of 2.27 percentage points compared to the previous month.

Weighted average interest rate on new loans in foreign currency granted during the reporting period was 2.05 percent, decreasing by 0.15 percentage points compared to January 2016.

Term deposits with terms from 6 to 12 months held the largest share (43.6 percent) of total term deposits in foreign currency, which were attracted at an average interest rate of 2.28 percent, decreasing by 0.07 percentage points as compared to the previous month (Chart no.8).

Chart no.7 Interest rates on term deposits attracted in national currency, by contractual maturities (%, annually)

Chart no. 8.Interest rates on term deposits attracted in foreign currency, by contractual maturities (%, annually)

Banking margin on operations in national currency was 1.57 percentage points in February 2016, increasing by 0.81 percentage points as compared to the previous month level (Chart no.9).

Banking margin on operations in foreign currency amounted to 4.30 percentage points in the analysed month, increasing by 0.05 percentage points as compared to January 2016.

Chart no. 9. Banking margin (% annually)

 

Statistics

Subscribe to Newsletter
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.