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


  • Octavian Armașu, Governor of the National Bank of Moldova

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


  • Vladimir Munteanu, First Deputy Governor of the National Bank of Moldova

    2nd Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 606;


  • Cristina Harea, Deputy Governor of the National Bank of Moldova

    3rd Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 607;

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

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

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Credits and deposits market development in April 2014



Weighted average interest rate on new loans in national currency granted in April 2014 was 11.49 percent, decreasing by 0.91 percentage points versus the same period last year. (Chart no.1). As compared to the previous month, the weighted average interest rate on loans in national currency fell by 0.11 percentage points. Loans with terms from 2 to 5 years continued to be the most attractive, their share accounting for 36.4 percent (Chart no.2) in April 2014 of the total volume of loans in national currency and were granted an average rate of 11.67 percent (increasing by 0.02 percentage points from the previous month).

Chart no.1. Interest rates on new granted loans (%, annually)
Chart no.2. Loans structure in April 2014, by contractual maturities (%, annually)

Loans granted to legal entities at an average rate of 11.13 percent held the largest share in the new granted credits in national currency, representing 71.1 percent of total volume in national currency. At the same time, the average rate on loans granted to individuals amounted to 12.36 percent (Chart no.3).  Weighted average interest rate on new loans granted in foreign currency in April 2014 was 7.41 percent, by 0.14 percentage points higher than in April 2013. As compared to the previous month, the average interest rate fell by 0.71 percentage points.  The volume of loans granted in foreign currency was 98.9 percent of total loans in foreign currency, being mainly represented by the loans granted to legal entities with an average rate of 7.39 percent (Chart no.4). As in the previous periods, the loans with terms from 2 to 5 years were the most attractive (35.14 percent of total loans in foreign currency), being granted at an average interest rate of 7.70 percent.

Chart no.3. Interest rates on loans granted in foreign currency in April 2014, by contractual maturities (%, annually)
Chart no.4. Interest rates on loans granted in foreign currency in April 2014, by contractual maturities (%, annually)

In April 2014, average interest rate on new term deposits attracted in national currency in April 2014 was 4.94 percent, decreasing by 2.39 percentage points compared to April 2013 (Chart no.5). Compared to March 2014, the average interest rate on term deposits attracted in national currency decreased by 1.0 percentage points during the reporting period. Term deposits with terms from 6 to 12 months held the largest share (55.6 percent) of total term deposits in national currency, which were attracted at an average interest rate of 4.63    percent (Chart no.6). The share of term deposits in national currency attracted from legal entities during the reporting period was 50.2 percent of total term deposits attracted in national currency, increasing by 6.5 percentage points as compared to the previous month.

Chart no.5. Interest rates on new term deposits by banking system (% annually)
Chart no.6. Deposits structure in April 2014, by contractual maturities (%, annually)

The average interest rate on deposits granted to legal entities constituted 2.40 percent (Chart no.7). The average weighted interest rate of term deposits in national currency attracted from individuals was 7.49 percent, reflecting an increase of 0.01 percentage points compared with the previous month. Weighted average interest rate on new term deposits attracted in foreign currency was 4.43 percent during the reporting period. Compared with March 2014, the average interest rate on deposits in foreign currency decreased by 0.09 percentage points in the reporting month. Term deposits with terms from 6 to 12 months held the largest share (46.6 percent) of total term deposits in foreign currency, which were attracted an average interest rate of 4.58 percent, decreasing by 0.12 percentage points as compared to the previous month (Chart no.8).

Chart no.7. Interest rates on term deposits attracted in national currency in April 2014, by contractual maturities (%, annually)
Chart no.8. Interest rates on term deposits attracted in foreign currency in April 2014, by contractual maturities (%, annually)

Banking margin on operations in national currency was 6.55 percentage points in April 2014, increasing by 0.90 percentage points as compared to the previous month level (Chart no.9). Banking margin on operations in foreign currency amounted to 3.07 percentage points in the analyzed month, decreasing by 0.62 percentage points as compared to March 2014.

Chart no.9. Banking margin (% annually)

 

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