The first semester of this year witnessed a rise in assets, loans, deposits of private individuals and own funds. According to the National Bank of Moldova, the banking sector has a high level of liquidity. The profit made in the first semester rose compared with the corresponding period last year. But the deposits of individuals decreased in value compared with the end of the previous year, while the quality of the loan portfolio worsened slightly, IPN reports.
On June 30, the total assets came to 109.7 billion lei, increasing by 5.7% in the first half of 2021. The consumer loans grew by 19.5% (1.5bn lei), while mortgages rose by 18.1% (1.4bn lei).
In the reference period, the nonperforming loans (substandard, dubious and compromised) increased by 0.1 percentage points to 7.5% on June 30, the indicator varying from 2.5% to 13.7%, depending on the bank.
The nonperforming loans in absolute value grew by 11% (370.1m lei) to 3.7 billion lei. In the analyzed period, the expired loans decreased from 4.5% to 3.9% of all the loans.
Eleven banks authorized by the National Bank worked in Moldova on June 30. “Energbank” SA was under early supervisory intervention that was applied on January 11, 2019 following the identification of a group of persons who acted concertedly. These persons bought a qualified shareholding of 52.55% of the bank’s share capital without the preliminary written consent of the National Bank. Later, by the decision of the NBM’s Executive Board of April 9, 2021, the tenure of the temporary administrators f “Energbank” was extended until October 29, 2021.
On June 30, the profit of the banking system totaled 941.7 million lei, an increase of 34.0% (238.9m lei) compared with the corresponding period last year.
