Moldova Agroindbank, Mobiasbanca and Moldindconbank top in descending order the rankings of the commercial banks with the best performance. Amid enhanced performance, ProCreditBank and BC BCR Chisinau see a consistent advance compared with the previous months. The rankings were compiled by experts of the independent think tank “Expert-Grup” at the end of this June, IPN reports.
The experts said that according to specific indicators, the banks with the most solid capital basis in relation to assets are: BCR Chisinau, Eximbank and EuroCreditBank. The banks with the largest assets are: Victoriabank, Eximbank and BCR Chisinau. The banks with the assets of the highest quality are: FinComBank, BC Mobiasbanca and EuroCreditBank. The banks with the highest return on capital are: Moldindconbank; Mobiasbanca and Moldova-Agroindbank, while the banks with the largest market share by the loan portfolio are: Moldova-Agroindbank; Moldindconbank and Mobiasbanca.
According to “Expert-Grup”, at the end of this June the banking sector continued to have liquidity in excess. The main financial and prudential indicators of the commercial banks continued to improve both aggregately and individually.
The risk weighted assets remain at over 30% all over the banking sector, with the reserve of funds being sufficient for managing eventual shocks. Bank liquidity remains much over the regulated limits and the limits recommended by the bank practice. This amplifies the appearance of increasing opportunity costs. Nevertheless, the banks continued to constantly accumulate profit based on a consistent banking margin, positive differences in the exchange rate and active use of monetary policy instruments, especially the National Bank certificates.
The profit made by the banks in the first six months of 2018 came to about 936 million lei, being negatively influenced by the losses sustained by one bank (BC Eximbank, -17.5 million lei in the first months, with the monthly profitability witnessing positive trends later).
The lending activity witnessed a slight rise, but this is insufficient for improving the financial intermediation function of the banks. The volume of new loans released in lei and currency rose. With an increasing contribution made by the consumption loans raised by private individuals, the volume of loans at end-June totaled 33.2 billion lei. The volume of home loans provided to individuals grew by about 400 million lei since January owing to the implementation of the “First House” program. The nonperforming loans at the end of June represented 14.7%, oscillating between 6% and 35% depending on the bank.
