In April this year, the new loans amounted to 5.510 billion lei, up 7.1% compared to March. The loans in national currency represented the major part (75.5%), totaling 4.159,7 billion lei, up 8% against the previous month. In terms of the repayable periods, the loans with terms ranging from two to five years were the most popular ones, constituting 57% of all the released loans, IPN reports.
According to the National Bank of Moldova, the average nominal interest rate on new loans in national currency decreased by 0.29 percentage points compared to the previous month and constituted 9.19 percent, while the average rate on loans in foreign currency decreased by 0.32 percentage points to 6.04 percent.
Individuals in April raised loans totaling 1.729 billion lei, up 15.8% compared to March, with the largest part of these loans (67.3%) being granted for consumption. Most of the loans granted to individuals (1.02bn lei) were granted in national currency for terms ranging from two to five years.
The average interest rate on consumer loans granted in national currency decreased by 0.05 percentage points to 11.04 percent, while the average interest rate on loans granted in national currency for purchasing real estate declined by 0.12 percentage points to 7.62 percent.
Compared to March, legal entities in April requested more loans in national currency (+2.4%). The volume of loans in foreign currency increased by 5.2 percent, while of foreign currency-linked loans declined by 5.4 percent. The major part (63.3%) of the new loans was taken out by non-financial commercial corporations.
As for deposits, the NBM notes that the new term deposits in April came to 2.618,1 billion lei, decreasing by 1.2% compared to March. Deposits attracted in national currency reached a major share of 61.3% and amounted to 1.605,5 billion lei, decreasing by 12.5% compared to the previous month. Foreign currency deposits totaled 1.012,6 billion lei, increasing by 24.5% compared to the previous month.
The average nominal interest rate on new deposits attracted in national currency decreased by 0.32 percentage points compared to the previous month and constituted 3.23%. The average nominal interest rate on foreign currency deposits increased by 0.06 percentage points to 1.56%.
Out of the total fixed term deposits, the deposits with terms of six to 12 months represented 39.7%, while the deposits with terms of two to five years constituted 23.6%.
