Fixed term deposits attracted throughout July have amounted to 2,273.4 million lei. This represents a 5% decrease relative to the same period last year. National currency deposits tally at 64.2% vs 35.8% of deposits attracted in foreign currencies, reports IPN, quoting the National Bank of Moldova.
The amount of national currency deposits attracted totals at 1,460.6 million lei (+19.6% relative to the previous month, and -4% relative to July 2019). Foreign currency deposits reconverted to MDL total at 812,8 million lei (+23% relative to the previous month, and -6.9% relative to July 2019).
eposits attracted in July have been dominated by individual deposits – 74.5% (46.9% in national currency and 27.6% in foreign currency).
The most attractive offers, in terms of lifecycle, were the deposits termed between 6 and 12 months (39.7% of all term deposits attracted).
Average rates on new deposits in national currency have grown by 0.03% relative to the previous month. Natural persons have placed deposits averaging at 4.29% interest rate, non-natural persons at 2.56%, and self-employed individuals at 4.5%.
The average interest rate for new foreign currency term deposits attracted has gone down by 0.08% in July 2020. Natural persons have placed deposits averaging at 0.77% interest rate, legal entities at 1%, and no new foreign currency deposits were placed by self-employed individuals.
The highest rates on national currency deposits attracted from natural persons have been recorded on 5-year+ deposits, at 5.25%. For legal entities, a maximum rate of 4.21% was offered for terms between 1 and 2 years, and for self-employed individuals, a maximum rate offered was 4.50% for deposits 1-2-year deposits as well as for terms between 6 and 12 months.
The highest rates on foreign currency deposits attracted from natural persons have been recorded on 5-year+ deposits, at 1.43%, and for legal entities, a maximum rate of 2.25% was offered for terms between 1 and 2 years.
