Recently, at the invitation of the German Economic Team in Moldova (GET Moldova) and the German Council for International Relations (DGAP), the Minister of Finance, Octavian Armașu, and the Governor of the NBM, Sergiu Cioclea, made a working visit to Berlin to participate in a seminar dedicated to the economic and banking reforms in the Republic of Moldova.

The activity of the National Bank of Moldova on the foreign exchange market (foreign exchange interventions) is performed in strict compliance with the monetary and foreign exchange policy objectives.

The non-cash foreign exchange market of the Republic of Moldova is determined by the turnover of purchase/sale transactions of the foreign currency that have taken place on different segments of the market, except those performed by the National Bank of Moldova.

The National Bank of Moldova (NBM), the National Commission for Financial Markets (NCFM), the Ministry of Education, Culture and Research, and the Centre for Excellence in Economics and Finance signed a Memorandum of Understanding for training specialists in the financial and banking field.

Representatives of the investigation consultancy Kroll and the law firm Steptoe & Johnson visited Chisinau on 7 November 2017 to meet with representatives from a number of state institutions, in order to agree the structure and terms of the strategy for recovery of assets which were misappropriated following the bank fraud.

Total assets - 66,808,154 thousand Lei;
Total Liabilities - 61,776,656 thousand Lei;
Total capital and reserves, total loss and revaluation differences: 5,031,498 thousand Lei.

(Net loss):  (3,949,849) thousand, MDL;
Total comprehensive result for the period: (3,954,043) thousand, MDL;
(Total loss):  (151,916) thousand, MDL.

The Head of the EU Delegation to the Republic of Moldova, Peter Michalko, discussed with the Governor of the NBM Sergiu Cioclea and with the Deputy Governor Cristina Harea about the progress of reforms in the banking sector and about the actions to be taken in the framework of the EU- Republic of Moldova Association Agreement.

In the third quarter of 2017, the total amount of money transfers from abroad made in favour of individuals of the Republic of Moldova amounted to USD 320.52 million. 

The annual inflation rate, starting with the fourth quarter of 2017, will decline rapidly and will return, beginning with the first quarter of 2018, within the interval for two consecutive quarters.

During the first 9 months of 2017, the assets of the banking sector continued to register growth, the banks maintaining capital, liquidity and profitability at a high level.

The NBM will further monitor and anticipate the domestic and external economic developments, so that by the inflation targeting strategy to ensure price stability in the medium term.

According to final data, in 2016, the current account of the balance of payments recorded a deficit of US$ 285.58 million (down by 38.9 percent as compared to 2015), the capital account registered a deficit of US$ 20.79 million and the financial account recorded a net inflow of US$ 214.56 million. The international investment position of the Republic of Moldova remained net debit totaling US$ -3,550.57 million at the end of 2016, while the gross external debt of the Republic of Moldova reached US$ 6,235.23 million.

According to final data, in 2016, the current account of the balance of payments recorded a deficit of US$ 285.58 million (down by 38.9 percent as compared to 2015), the capital account registered a deficit of US$ 20.79 million and the financial account recorded a net inflow of US$ 214.56 million.

The international investment position of the Republic of Moldova recorded a net debit of US$ -3,550.57 million as of 31.12.2016, 2.1 % larger as compared to the end of 2015.

The gross external debt of the Republic of Moldova reached US$ 6,235.23 million at the end of 2016, increasing by US$ 131.02 million (2.1 %) as compared to the end of 2015.

In September 2017, 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$ 109.31 million (increasing by 9.4% as against September 2016).

On 23 October 2017, the National Bank of Moldova (NBM) was visited by Jason Brett Pellmar, Regional Manager for Moldova, Ukraine and Belarus of the International Finance Corporation (IFC), part of the World Bank Group.

BC “Moldindconbank” S.A. operates in normal regime and provides the full range of services, including those related to deposits, lending and settlement operations.

Today, the Minister of Finance, Octavian Armaşu, and the Governor of the NBM, Sergiu Cioclea, met jointly with the EU Ambassador to the Republic of Moldova, Peter Michalko, and with over 20 European ambassadors accredited in our country.

In September 2017, weighted average interest rate on new loans in national currency constituted 9.89 percent, decreasing by 3.70 percentage points compared to the same period of the previous year.

In September 2017, monetary base increased by MDL 1736.3 million (4.8 percent) compared to the previous month and accounted for MDL 38058.2 million.