The national banking system in 2022 made 3.6 billion lei profit, up over 58% compared with the end of 2021. According to the National Bank of Moldova (NBM), the profit grew primarily as a result of the rise in interest income and non-interest income, IPN reports.
The central bank noted that the rise in profit was due to the 4.5 billion lei (88.5%) increase in interest income, 547.6 million lei (46.7%) increase in income deriving from exchange rate differences and the 480.1 million lei (19.1%) increase in fees and commissions. Non-interest expenses grew by 2.9 billion lei (53.8%), while the interest expenses – by 1.3 billion lei (103.3%).
Total revenues amounted to 14.5 billion lei, increasing compared with the same period of the previous year by 5.6 billion (61.9%), of which interest income represented 66.2% (9.6 billion lei) and non-interest income – 33.8% (4.9 billion lei).
At the same time, total expenditure amounted to 10.9 billion lei, up 4.2 billion lei (63.0%) compared with the corresponding period the previous year. Interest expenses accounted for 23.2% (2.5 billion lei) of total expenses, while non-interest expenses - for 76.8% (8.4 billion lei) of total expenses.
On December 31, 2022, the return on assets was 2.9%, up 0.9 percentage points compared with the end of the previous year.
Eleven banks licensed by the National Bank of Moldova were active in the Republic of Moldova at the end of 2022. One bank was supervised under the early intervention regime applied on January 11, 2019. In the course of the year, AS “IuteCredit Europe” acquired a qualified holding in the share capital of BC “Energbank” SA in the amount of over 50%, becoming the majority shareholder of the bank. Following the changes in the shareholder structure, the administrative bodies were supplemented. This way, in January 2023, the NBM’s Executive Board decided to lift the early intervention regime at “Energbank”.
