In October 2020, new loans1 extended by banks totalled MDL 3,157.4 million, recording a decrease of 5.4 %, compared to October 2019.

In October 2020, the monetary base  increased by MDL 2,439.3 million  (4.9%) compared to the previous month and constituted MDL 52,097.1 million, being 14.3 % higher than in October 2019.

During 2019, the financial system of the Republic of Moldova was characterized by a high level of resilience, with uneven evolutions of the risks to which it is exposed.

The Governor of the National Bank of Moldova, Octavian Armașu, proposes to the Parliament the appointment of Constantin Șchendra and Maia Pîrcălab as deputy governors, in connection with the expiration of the mandates of two deputy governor positions.

The annual inflation rate will decline slightly until the end of the current year and, starting in the second quarter of next year, will increase to the target at the end of the forecast period.

The Supervisory Board of the National Bank of Moldova (NBM), at the proposal of the NBM Executive Board, voted the design concept of the commemorative coin dedicated to doctors, which was selected from the works proposed by citizens.

The decision is aimed at supporting domestic aggregate demand, the lending process and the economy as a whole and was taken following the approval, at today's meeting, of the Inflation Report no. 4, 2020.

The Governor of the National Bank of Moldova, Octavian Armașu, participated today in the 44th meeting of Central Banks Governors' Club of the Central Asia, Black Sea region and Balkan countries, this time in online format, taking into account the global pandemic crisis. 

The National Bank has announced the licensed banks what will be the amount, tranches, tranches, the deadlines and the form of payment of their contributions to the bank resolution fund to be collected by the end of 2021.

In the third quarter of 2020, the total amount of money transfers from abroad made in favour of individuals of the Republic of Moldova amounted to USD 423.74 million.

Net profit: 111 777 thousand MDL;
Total comprehensive result for the period: 127 557 thousand MDL;
Profit available for distribution: 685 106 thousand MDL.

In September 2020, the total amount of net money transfers from abroad made in favour of individuals via licensed banks of the Republic of Moldova amounted to US$ 148.47 million (increasing by 48.1% as against September 2019).

The Governor of the National Bank of Moldova (NBM), Octavian Armașu, held a questions and answers session for students and teachers from technical and higher vocational education institutions with economic profile in the Republic of Moldova.

In September 2020, the monetary base increased by MDL 723.7 million (1.5%) compared to the previous month and constituted MDL 49,657.8 million, at the same time increasing by 8.8 % compared to September 2019.

In September 2020, new loans1 extended by banks totalled MDL 3,291.0 million, recording an increase of 14.7 %, compared to September 2019.

The National Bank of Moldova (NBM) announces the conduct, on 29-30 October 2020,  of the second annual edition of the financial education activities initiated within the project “Learn! Give sense to money”.

Residents who have external commitments can remotely notify the National Bank of Moldova. For this purpose, the webpage was made available  https://crm.bnm.md, which is part of the information system of the National Bank of Moldova on licensing, authorization and notification.

In quarter II 2020, the current account of the balance of payments recorded a deficit of US$ 19,23 million, the capital account registered a negative balance amounting to US$ 7,57 million, and the financial account recorded a net capital inflow of US$ 54,41 million. The international investment position amounted to US$ -5 124,91 million as of 30.06.2020, while the gross external debt totaled US$  7 785,38 million.

In quarter II 2020, the current account of the balance of payments recorded a deficit of US$ 19,23 million, the capital account registered a negative balance amounting to US$ 7,57 million, and the financial account recorded a net capital inflow of US$ 54,41 million. 

The international investment position recorded a net debit of US$ 5 124,91 million as of 30.06.2020, 2,8% larger as compared to the end of 2019.

The gross external debt of the Republic of Moldova grew by 5,0% as compared to the end of 2019 and totaled US$ 7 785,38 million as of 30.06.2020, which is 66,1 % as a ratio to GDP (+4,1 p.p. as against 31.12.2019).

Over the past few years, the National Bank of Moldova (NBM) has benefited from technical assistance from the European Union (EU), international financial institutions, foreign central banks, and other development partners.