The new loans provided last December totaled 3.270,8 billion lei, an increase of 15.5% on December 2018. The loans released in national currency represented 64.2% of all trhe loans, those in foreign currencies – 31.2%, while those attached to the exchange rate – 4.6%. The average rate on new loans in national currency was 8.37%, in foreign currencies – 4.33%, while on those attached to the exchange rate – 4.18%, IPN reports.

According to the National Bank of Moldova, the loans in national currency in December 2019 came to 2.099,0 billion lei, up 17.8% on a month before and 4% on December 2018. The loans released in foreign currencies recalculated in Moldovan lei added up to 1.021,9 billion lei, down 3.7% and up 33.3% respectively.

In terms of the repayment period, the loans repayable in two to five years remained the most attractive ones. They represented 46% of all the loans and were provided at an average interest rate of 8.06%: 8.71% for legal entities, 6.92% for private individuals and 9.29% for persons who practice activities.

The highest average interest rate on loans released in national currency to private individuals and legal entities was on loans repayable in up to a month: 10.01% and 10.27% respectively. In the case of persons who practice activities, the highest rate was on loans repayable in one year to two years, of 9.83%.

Some 60.9% of the loans provided in national currency were intended for legal entities.