• Calling days and hours of the governing body of the National Bank of Moldova for citizens.

  • Sergiu Cioclea, Governor of the National Bank of Moldova

    1st Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 606;

  • Ion Sturzu, Deputy Governor of the National Bank of Moldova

    4th Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 607.

Please, note the requirements for receiving and examining petitions to the National Bank of Moldova !

Details

 

Main navigation BNM

Expand Hide

Monetary indicators in June 2016



In June 2016, monetary base The monetary base includes money in circulation (outside banking system), banking reserves (banks' reserves in MDL on correspondent accounts maintained at the National Bank of Moldova and cash in banks), deposits at sight of other organizations with the National Bank of Moldova, “overnight” deposits of banks and required reserves in foreign currency.increased by MDL 104.2 million (0.4 percent) compared to May 2016 and accounted for MDL 29966.4 million. The increase of the monetary base was determined by the increase of net domestic assets by MDL 536.0 million (43.6 percent), while net foreign assets decreased by MDL 431.8 million (by 1.4 percent).

Money supply M2 Money supply M2 includes money in circulation (M0), deposits of residents in MDL and money market instruments.increased by MDL 627.6 million during the reporting period or by 1.5 percent compared to May 2016 and accounted for MDL 42240.3 million.

Money supply M3 Money supply M3 includes money supply M2 and deposits of residents in foreign currency expressed in MDL.increased by MDL 346.7 million (0.5 percent) in the reporting month.

The analysis of the passive components of Money supply (M3) denotes the fact that this increase was driven by the increase of thebalance of Money in circulation M0 Money in circulation M0 represents cash released in circulation by the National Bank of Moldova, except for cash in banks and NBM vault. by MDL 100.0 million and the total balance of deposits by MDL 246.7 million in June 2016 (Table no.1).

 

Table no.1. Passive components of money supply

 

INDICATORS

May 2016

June 2016

June 2016

June 2016

MDL, million

MDL, million

May 2016

June 2015

%

%

1

     Money in circulation (M0)

15553.1

15653.1

0.6

-3.0

2

     Sight deposits in MDL

8602.0

8751.8

1.7

3.2

3

MONEY SUPPLY (M1)Money supply M1 includes money in circulation and sight deposits of residents in MDL.

24155.1

24404.9

1.0

-0.9

4

     Term deposits in MDL

17457.6

17835.4

2.2

16.1

5

     Money market instruments

0.0

0.0

 

 

6

MONEY SUPPLY (M2)

41612.7

42240.3

1.5

5.6

7

     Deposits in foreign currency

24396.6

24115.7

-1.2

-6.9

8

MONEY SUPPLY (M3)

66009.3

66356.0

0.5

0.7

The balance of deposits in national currency increased by MDL 527.6 million and accounted for MDL 26587.2 million, representing a share of 52.4 percent of total deposits, while the balance of deposits in foreign currency (recalculated in MDL) decreased by MDL 280.9 million and accounted for MDL 24115.7 million, with a share of 47.6 percent (Table no.2).

 

Table no.2. Structure of depositsDeposits structure is classified by institutional sectors, according to the Instruction on filling out by the licensed banks of the Report on monetary statistics (Official Monitor of the Republic of Moldova no.206-215 of December 2, 2011).

 

INDICATORS

May 2016

June 2016

June 2016

June 2016

MDL, million

MDL, million

May 2016

June 2015

%

%

I

Deposits balance (Total) 

50456.2

50702.9

0.5

1.9

 

including:

 

 

 

 

1.0

Deposits balance (in MDL):

26059.6

26587.2

2.0

11.5

 

       Share in deposits balance (Total) %

51.6

52.4

 

 

1.1

     Non-banking financial sector

310.0

336.7

8.6

-10.1

1.2

     Non-financial companies sector, which majority ownership is public

1055.3

943.0

-10.6

-25.1

1.3

     Non-financial companies sector, which majority ownership is private

4983.8

5141.5

3.2

-9.1

1.4

    Other residential sectors (individuals, etc.)

19710.5

20166.0

2.3

21.8

2.0

Balance of deposits in foreign currency (recalculated in MDL):

24396.6

24115.7

-1.2

-6.9

 

       Share in deposits balance (Total) %

48.4

47.6

 

 

2.1

     Non-banking financial sector

1085.7

1058.4

-2.5

-19.4

2.2

     Non-financial companies sector, which majority ownership is public

461.5

500.2

8.4

35.3

2.3

     Non-financial companies sector, which majority ownership is private

4994.9

4829.6

-3.3

-9.0

2.4

    Other residential sectors (individuals, etc.)

17854.5

17727.5

-0.7

-6.3

The increase of money supply M3 in the reporting period was determined by the increase in net domestic assets of the banking system by MDL 623.9 million (5.0 percent), while the net foreign assets of the banking system decreased by MDL 277.2 million (0.5 percent).

Balance of credits in economyAccording to the IMF methodology, the interbank credits and the credits granted to the Government are excluded from the total credits in the economy (including the interest calculated for credits and for credits of banks - in liquidation process). decreased in June 2016 by MDL 124.5 million (0.3 percent) at the expense of the decrease of credits to economy in foreign currency by MDL 146.4 million (0.8 percent), while the credits in national currency (expressed in MDL) increased by MDL 21.9 million (0.1 percent) (Table no.3).

At the same time, the credits to economy in foreign currency, expressed in USD, have decreased by USD 0.8 million. USD during the reporting period.

 

Table no.3. Structure of credits granted to economy

 

INDICATORS

May 2016

June 2016

June 2016

June 2016

MDL, million

MDL, million

May 2016

June 2015

%

%

I

CREDITS GRANTED TO ECONOMY

42051.6

41927.1

-0.3

-3.8

 

including:

 

 

 

 

1

CREDITS GRANTED TO ECONOMY (in MDL):

23270.9

23292.8

0.1

-7.9

 

       Share of Credits granted to economy, %

55.3

55.6

 

 

1.1

     Non-banking financial sector

754.9

764.6

1.3

14.6

1.2

     Non-financial companies sector, which majority ownership is public

1157.0

1139.9

-1.5

35.4

1.3

     Non-financial companies sector, which majority ownership is private

14390.3

14346.9

-0.3

-12.3

1.4

         Other residential sectors (individuals, etc.)

6968.7

7041.4

1.0

-5.0

 

         including: Consumer loans

3459.6

3549.8

2.6

0.8

 

                          Real estate loans

2136.7

2129.6

-0.3

-7.8

2

CREDITS GRANTED TO ECONOMY IN FOREIGN CURRENCY (recalculated in MDL):

18780.7

18634.3

-0.8

1.7

 

       Share of Credits granted to economy, %

44.7

44.4

 

 

2.1

     Non-banking financial sector

907.6

993.8

9.5

27.7

2.2

     Non-financial companies sector, which majority ownership is public

834.2

795.7

-4.6

-12.3

2.3

     Non-financial companies sector, which majority ownership is private

16712.0

16515.7

-1.2

1.3

2.4

         Other residential sectors (individuals, etc.)

326.9

329.1

0.7

-0.9

 

         including: Consumer loans

12.5

12.0

-4.0

-27.3

 

                          Real estate loans

169.5

172.6

1.9

16.5

Positive evolution of the balance of credits granted to economy in national currency was determined by the increase of credits granted to non-banking financial sector and other resident sectors (including individuals) by MDL 9.7 million (1.3 percent) and MDL 72.7 million (1.0 percent), respectively, while the balance of credits to non-financial companies sector, which majority ownership is public and non-banking financial sector, which majority ownership is private decreased by MDL 17.1 million (1.5 percent) and by MDL 43.4 million (0.3 percent), respectively.

 

Statistics