In May 2020, the monetary base increased by MDL 766.0 million (1.7%) compared to the previous month and constituted MDL 46,457.5 million, which constitutes 5.0 % more than in May 2019.

This decision reflects the continuity of the NBM’s previous decisions, which creates monetary conditions for lending to the economy.

2019 was marked by many events, both externally and internally, all with an impact on economic activity, prices and national currency.

Total assets: 73 432 733 thousand MDL;
Total liabilities: 66 582 862 thousand MDL;
Total capital and reserves: 4 744 655 thousand MDL.

Net profit: 2 105 216 thousand MDL;
Total comprehensive result for the period: 2 227 114 thousand MDL;
Profit available for distribution: 215 188 thousand MDL.

Total assets: 72 185 393 thousand MDL;
Total liabilities: 67 562 636 thousand MDL;
Total capital and reserves: 4 622 757 thousand MDL.

Net profit: 578 281 thousand MDL;
Total comprehensive result for the period: 611 900 thousand MDL;
Profit available for distribution: 436 843 thousand MDL.

The annual budgeted expenditure of the National Bank of Moldova for 2019 was approved in the amount of MDL 245,09 million, being executed in the amount of MDL 219,42 million.

The Executive Board of the National Bank of Moldova set the rate of the countercyclical capital buffer (CCyB) applied to credit exposures situated in the Republic of Moldova, based on the CCyB guide calculated as of the 4th quarter of 2019.

During the first quarter of 2020, the National Bank of Moldova (NBM) continued the process of prudential supervision of banks in the Republic of Moldova, pursuing compliance with legal requirements, in order to prevent and limit the risks specific to banking.

In the selection process, it was taken into account the criteria set in the Law on the National Bank of Moldova: the professional integrity, a good reputation, the rich experience in the financial field, etc.

In April 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$ 92.06 million (decreasing by 11.5% as against April 2019).

In April 2020, new loans extended by banks totalled MDL 2,331.8 million, a decrease of 21.2%, compared to April 2019.

In April 2020, the monetary base decreased by MDL 2 206.1 million (4.6%) compared to the previous month and constituted MDL 45,691.5 million, which constitutes 3.6 % more than in April 2019. 

The Executive Board of the National Bank of Moldova approved the Inflation Report no. 2, 2020. This was developed based on evolution of the economy in the Republic of Moldova and globally, recent macroeconomic information on the internal and external environment and reflects the dynamics of inflation.

In the first quarter of 2020, the annual inflation rate started a downward trajectory, decreasing from 7.5% in December 2019 to 5.9% in March 2020, due to the decrease in contributions from core inflation and food prices.

The Executive Board of the National Bank of Moldova decided unanimously to maintain unchanged the values of the main monetary policy instruments.