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Moldovan banks’ net profit in January-October 2020 amounted to 1 billion 394.4 million lei, having decreased by 28.7%, compared to the same period in 2019 (1 billion 956.9 million).

Moldovan banks’ net profit in January-October 2020 amounted to 1 billion 394.4 million lei, having decreased by 28.7%, compared to the same period in 2019 (1 billion 956.9 million).

According to the National Bank of Moldova, all 11 banks registered profit for 10 months of 2020. At the same time, about 1 billion 233.5 million lei (88.4% of the total net profit) accounted for four banks: Moldova-Agroindbank, Moldindconbank, Mobiasbanca - OTP Group and Victoriabank, and about 160.9 million lei of net profit accounted for the 7 remaining banks. At the same time, all 11 banks have decreased profits relative to the same period of 2019. As follows from the data provided by the National Bank, in particular, in January-October 2020, the largest net profit was received by: Moldova-Agroindbank - 548.5 million lei (in January-October 2019 - 636.06 million lei), Moldindconbank - 349.99 million lei (547.03 million), Victoriabank - 220.52 million lei (268.9 million) and Mobiasbanca - OTP Group - 114.52 million lei (221.27 million). Next, in terms of net profit for 10 months of 2020 follow: FinComBank - 45.75 million lei (in January-October 2019, profit amounted to 64.738 million lei), Energbank - 36.26 million lei (39.86 million lei), ProCreditBank - 22.02 million lei (66.78 million), BCR Chisinau - 21.1 million lei (21.39 million), Comertbank - 12.66 million lei (18.46 million), EuroCreditBank - 12.06 million lei (12.68 million) and Eximbank - 11.02 million lei (59.66 million). // 26.11.2020 - InfoMarket.

News on the subject

In Moldova, the share of MDL loans decreased in the total volume of loans over the last month, but the share of USD loans EUR loans increased.
In Moldova, the share of MDL loans decreased in the total volume of loans over the last month, but the share of USD loans EUR loans increased.
The volume of MDL deposits attracted by banks of Moldova as of the end of September 2020 amounted to 42 billion 436.9 million lei, having increased over the month by 884.1 million lei (+ 2.1%).
The volume of MDL deposits attracted by banks of Moldova as of the end of September 2020 amounted to 42 billion 436.9 million lei, having increased over the month by 884.1 million lei (+ 2.1%).
At the Thursday meeting, Moldovan Parliament adopted in two readings at once a bill designed to enhance the independence of the National Bank of Moldova (NBM).
At the Thursday meeting, Moldovan Parliament adopted in two readings at once a bill designed to enhance the independence of the National Bank of Moldova (NBM).
The President of the National Bank of Moldova Octavian Armasu proposed to appoint Constantin Schendra and Maia Pircalab as two new vice-presidents of the NBM.
The President of the National Bank of Moldova Octavian Armasu proposed to appoint Constantin Schendra and Maia Pircalab as two new vice-presidents of the NBM.
Cash receipts in the banking system of Moldova for 9 months 2020, compared to the same period in 2019, decreased by 9.2% - to 81.93 billion lei.
Cash receipts in the banking system of Moldova for 9 months 2020, compared to the same period in 2019, decreased by 9.2% - to 81.93 billion lei.
The National Bank of Moldova has cut the forecast for the average annual inflation rate for 2020 by 0.9 percentage points - to 4%, and for 2021 - by 1.7 p.p. - to 2.5%.
The National Bank of Moldova has cut the forecast for the average annual inflation rate for 2020 by 0.9 percentage points - to 4%, and for 2021 - by 1.7 p.p. - to 2.5%.