The Moldovans in the first half of this year borrowed 13.7 billion lei from nonbank lending organizations and savings and loan associations, up slightly over 20% compared with the first quarter of 2021, IPN reports.

According to the National Commission for Financial Markets, the total value of the assets owned by the nonbank lending sector was by 2.4 billion lei higher than in the second quarter of 2021 and was 14.8 billion lei on June 30, 2022.

On the same date, the own capital of nonbank lending organizations came to over 4.6 billion lei, rising by 12.5% during a year, while the own capital of savings and loan associations totaled over 415.4 million, up 8% on June 30, 2021.

The nonperforming loans (for over 90 days) represented 12.3% in the sector, as opposed to 13.7% in the first half of last year.

On July 1, 2022, the Register of Authorized Nonbank Lending Organizations included 136 organizations authorized to provide nonbank lending services and 29 nonbank lending organizations that adopted decisions to cease and/or suspend operations. Licenses for carrying out professional activity were held by 225 savings and loan associations.