The average rate on new deposits attracted in national currency in August was 3.13%, while on those attracted in foreign currency was 0.44%. “Compared with a month before, the average rate on new term deposits attracted in national currency decreased by 0.02 percentage points,” the National Bank of Moldova (NBM) noted in a press release that is quoted by IPN.

The legal entities made deposits at an average rate of 2.18%, the pirate individuals – of 3.53%, while the individuals practicing an activity – of 3.50%. The new term deposits in foreign currency decreased by 0.05 percentage points.

The deposits in national currency with a term of two to five years, which account for the largest part, were attracted at an average interest rate of 3.81%. The deposits of legal entities were attracted at an average rate of 3.17%, while of private individuals – of 3.98%.

The reduction in the volume of deposits with a term of six to 12 months is due to the lower interest rates on these deposits. In July, the commercial banks posted lower interest rates for these terms.

The most attractive deposits were those with a term of two to five years, with higher interest rates. These represented 36.7% of all the attracted term deposits. The deposits of private individuals constituted 30.6% of all the deposits.

The interest margin on operations in national currency was 3.65 percentage points, while on those in foreign currency – 3.45 percentage points.