Moldova Agroindbank, followed by Mobiasbancă and Moldindconbank, topped the rankings of commercial banks with the best performance in August. These excel in terms of profitability and market indicators, accounting for about 85% of the profit made in the sector and for 60% of all the banking assets. The rankings were compiled by experts of the independent think tank “Expert-Grup” , IPN reports.
According to the experts, the main financial and prudential indicators of the commercial banks at the end of August remained constant, as during the previous few months. Even if new requirements for determining the level of capital and credit risk exposure took effect, the capital adequacy ratio remained at an appropriate level, of about 28.5% for the whole banking sector, with oscillations of 19.8% to 63% at individual level.
The liquidity of the banking sector remained much higher than the regulated limits, reaching 56%. This means that over half of banks’ assets consist of liquid assets (state securities, NBM certificates or mandatory reserves). In such conditions, the banks continued to make profit. This rose to 1.2 billion lei at the end of August, being negatively influenced by the losses calculated by one bank, Eximbank.
Bank lending augmented slightly owing to the loans provided to private individuals. Nevertheless, despite the lower interest rates, the business entities seem to be attracted by non-banking financing. The stricter bank lending requirements narrowed the group of eligible clients. These even chose more expensive financing to the detriment of compliance to the requirements concerning the transparency and quality of financial information.
The volume of released loans in August came to 33.9 billion lei, an increase of 500 million lei from July. The loans provided to the food industry and the consumer loans made the greatest contribution. The home loans increased in volume by 135 million lei on a month before. The loans released to the energy sector decreased in volume the most.
At end-August, the nonperforming loans represented 14.2%, varying between 5% and 33%, depending on the bank.
