Banks of Moldova continue to maintain high liquidity indicators – the NBM stated.
The National Bank of Moldova (NBM) announced this while assessing the financial situation in the banking sector in the first half of this year. The NBM noted that, in particular, the long-term liquidity ratio in the banking system of Moldova as of the end of June 2021 was 0.7 with the maximum allowable level of 1, unchanged versus the situation as of the end of 2020. Current liquidity in the system amounted to 49.9% with a minimum level of 20%. Thus, almost half of all banking sector assets are concentrated in liquid assets. The largest share in the structure of liquid assets as of the end of the first half of 2021 was in deposits with the NBM - 37.2%, liquid securities - 35.2%, net interbank funds - 15.7%. In January-June 2021, the share of deposits with the NBM decreased by 6.2 percentage points. At the same time, the share of liquid securities increased by 4.2 percentage points, while net interbank funds increased by 1.6 percentage points. According to the National Bank, the III principle of liquidity, which represents the ratio between the adjusted actual liquidity and the required liquidity for each maturity and should not be less than 1 for each maturity, is observed by all banks. The National Bank emphasizes that the indicator of covering liquidity needs in the sector amounted to 309.3% (limit ≥ 70% from January 1, 2021) and varied from 93.7% to 990.1%. All banks currently comply with these requirements. As noted by the NBM, according to reports submitted by banks, as of the end of June 2021, the overall rate of equity in the banking sector amounted to 26.6%, which is 0.7 percentage points lower compared to the situation as of the end of 2020 and varied in banks between 19.3% and 46.1%. All banks complied with the Total Equity Capital Rate indicator (≥ 10%). In addition, all banks complied with the requirement of the Total Equity Capital Rate indicator, taking into account capital buffers. At the same time, in 2 banks (in the situation as of 31.03.2021, 30.04.2021 and 31.05.2021), the Total Equity Capital Rate indicator, including while taking into account the capital buffer, was lower than required. At the same time, in accordance with the decision of the NBM Executive Committee dated April 3, 2020, the temporary use of the capital conservation buffer is not considered a violation. // 07.09.2021 - InfoMarket
