The new loans in March amounted to 5.144,3 billion lei, up 12.1% compared to February. The loans repayable in 2 to 5 years remain the most popular ones, with a share of 59.6% of the total loans released, IPN reports.

According to the National Bank of Moldova, the loans in national currency represented the major part (74.9%) and amounted to 3.852,1 billion lei, up 9.6% compared to the previous month.

The average nominal interest rate on new loans in national currency decreased by 0.15 percentage points against the previous month and constituted 9.48%. The average rate on loans in foreign currency rose by 0.02 percentage points to 6.36%.

Individuals raised loans to the value of 1.492.8 billion lei in March, up 7.5% compared to the previous month, with 67.7% of these loans being intended for consumption.

The new term deposits in March came to 2.648.9 billion lei, decreasing by 28.9% compared to February 2024. The deposits attracted in national currency recorded a major share of 69.3% and amounted to 1.835.6 billion, down 30.4% compared to the previous month. Foreign currency deposits totaled 813.2 million lei, decreasing by 25.2% compared to the previous month.

The average nominal interest rate on new deposits attracted in national currency decreased by 0.26 percentage points compared to the previous month and constituted 3.55%. The average nominal interest rate on foreign currency deposits declined by 0.30 percentage points to 1.5%.

Out of the total term deposits, the deposits with maturities of 6 to 12 months represented 43.8%, while the deposits with maturities of 2 to 5 years made up 23%.