The value of loans released by banks goes up. The new loans provided last month came to 4.481,5 billion lei, up 36.2% on last September. The population usually borrows in Moldovan lei for a period of two to five years, IPN reports.

According to the National Bank of Moldova, the loans released in national currency, in the amount of 3.270,5 billion lei, represented 73% of the total loans. The loans in foreign currencies, totaling 1.169,6 billion lei when recalculated, constituted 26.1%, while the foreign currency loans, which came to 41.4 million lei, represented 0.9%.

The loans repayable in two to five years made up 57.3% of the total loans. Such loans provided to legal entities represented 37.6% of all the loans.

The loans in national currency released to private individuals constituted 46.9%, while the loans provided to nonfinancial commercial organizations – 47.4%, with loans intended for trade representing 49.4% of these.

The loans in foreign currencies raised by nonfinancial commercial organizations made up 88.9%, with trade loans representing 54.8% of these.

The nominal average interest rate on new loans released in national currency was 6.84%, on loans in foreign currencies – 4.06%, while on foreign currency loans – 4.17%.

Consumer loans made up 63.9% and were provided at an average rate of 4.38%, down 0.19 percentage points compared with a month before and down 2.77 percentage points on September 2020.