Banks have sufficient liquidity to loan money to companies, central bank governor

The National Bank of Moldova does not consider it necessary to provide financial resources to banks for on-lending to the real sector of the economy as they maintain sufficient liquidity,” the Bank's governor Dorin Dragutan said, quoted by Info-Prim Neo. He confirmed that the banks lent money to companies at lower interest from the 600 million lei granted by the central bank to them last spring. “But now the banks have enough liquidity to allocate loans to economic entities. They do not hurry to loan money because the lending risks are high and it is very hard to identify viable business plans for which money could be lent,” he said. The governor said the situation will be monitored permanently. According to him, the businesses usually become livelier in February and the number of transactions goes up.