In August 2024, new term attracted deposits1 (Infographic 1) totalled MDL 3,697.5 million, increasing by 21.9% as compared to July 2024. Deposits attracted in domestic currency recorded a major share of 66.7% and totalled MDL 2,466.5 million, increasing by 19.9% as compared to the previous month. Deposits attracted in foreign currency totalled MDL 1,231.0 million, being 26.0% higher than in the previous month.
Infographic 1. Developments in new attracted deposits
[1]
The average nominal interest rate on domestic currency deposits increased by 0.19 percentage points (p.p.) as compared to the previous month to the value of 3.18%. The average nominal interest rate on foreign currency deposits decreased by 0.10 p.p. to the value of 1.36%.
In terms of maturity, deposits with maturities from 6 to 12 months (43.4%) had the largest share in total term deposits.
Individuals’ deposits in August 2024 amounted to MDL 2,531.9 million, increasing by 16.1% as compared to the previous month (Infographic 2). The most requested were deposits with terms from 6 to 12 months, which held a share of 55.4% of the total deposits of individuals.
Infographic 2. Individuals’ new term deposits
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The average interest rate on deposits attracted in domestic currency from individuals decreasing by 0.04 p.p. as compared to the previous month, to reaching 3.28%. At the same time, the average interest rate on foreign currency deposits decreased by 0.02 p.p. the value of 1.33%.
In August 2024, businesses’ deposits in domestic currency increased by 41,8% (Infographic 3), while those in foreign currency by 21.7%, as compared to the previous month. Businesses’ deposits in domestic currency amounted to MDL 890.7 million, while those in foreign currency – MDL 273.7 million.
Infographic 3. Businesses’ new term deposits
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The average interest rate on deposits attracted in domestic currency from businesses increased by 0.78 p.p. as compared to the previous month, reaching 3.00%. At the same time, the average interest rate on foreign currency deposits decreased by 0.36 p.p. to the value of 1.47%.
infographic [4]:
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Developments in LOANS markets in August 2024 [5]
Statistical data [6]
1. The press release is made based on reported information according to the Instructions on the preparation manner and presenting reports regarding the interest rates applied by the Moldovan banks , approved by the Decision of the Executive Board (HCE) of NBM no.331/2016; The notions and terms used in the press release, especially new deposits, legal persons, individuals and individuals that practice the activity have got a well-defined meaning in the contracted Instruction.
Note: In the infographics the aggregated data may not correspond exactly to the sum of components because of the mathematical rounding.