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Moldovan banks’ net profit in January-May 2021 amounted to 737.87 million lei, up 137.26 million (+ 22.9%), compared to the same period in 2020.

Moldovan banks’ net profit in January-May 2021 amounted to 737.87 million lei, up 137.26 million (+ 22.9%), compared to the same period in 2020.

According to the National Bank of Moldova, all 11 banks received profit in the first 5 months of this year. At the same time, about 638.5 million lei (86.5% of the total net profit) accounted for 4 banks: Moldindconbank, Mobiasbanca - OTP Group, Moldova-Agroindbank and Victoriabank. The remaining 7 banks earned about 99.4 million lei in net profit. At the same time, in respect of 7 out of 11 banks the profit in the specified period of 2021 increased relative to the same period in 2020, and in respect of 4 banks - the profit decreased. As follows from the data provided by the National Bank of Moldova, in particular, in January-May 2021, the largest net profit was received by: Moldova-Agroindbank - 218.36 million lei (in January-May 2020 - 267.31 million lei), Moldindconbank - 214.06 million lei (149.42 million), Mobiasbanca - OTP Group - 118.19 million lei (26.82 million) and Victoriabank - 87.89 million lei (39.14 million). Further, according to the indicator of net profit for 5 months of 2021 follows: ProCreditBank - 28.32 million lei (in January-May 2020, its profit was equal to 24.92 million lei), FinComBank - 21.59 million lei (24.82 million lei), Eximbank - 19.06 million lei (18.88 million lei), Energbank - 14.38 million lei (22.92 million lei), Comertbank - 7.68 million lei (7.12 million), EuroCreditBank - 5.07 million lei (4.53 million), BCR Chisinau - 3.26 million lei (14.74 million). As InfoMarket agency reported earlier, the net profit of Moldovan banks in 2020 amounted to 1 billion 650.35 million lei, having decreased by 609.51 million (-27%), compared to 2019. // 22.06.2021 - InfoMarket.

News on the subject

The share of loans issued by banks of Moldova to resident legal entities at the end of April 2021 amounted to 61.9%, having decreased by 0.3% in comparison with the previous month
The share of loans issued by banks of Moldova to resident legal entities at the end of April 2021 amounted to 61.9%, having decreased by 0.3% in comparison with the previous month
The National Bank of Moldova will demand the Russian Gazprombank to return the $100 million illegally withdrawn from the correspondent accounts of Banca de Economii.
The National Bank of Moldova will demand the Russian Gazprombank to return the $100 million illegally withdrawn from the correspondent accounts of Banca de Economii.
At the end of 2020, about 331.8 million MDL banknotes of various denominations, totaling 32 billion 859.7 million lei, were in circulation in Moldova.
At the end of 2020, about 331.8 million MDL banknotes of various denominations, totaling 32 billion 859.7 million lei, were in circulation in Moldova.
National Bank of Moldova profit from the management of foreign exchange reserves in 2020 amounted to $26.4 million with an average rate of return of 0.81%.
National Bank of Moldova profit from the management of foreign exchange reserves in 2020 amounted to $26.4 million with an average rate of return of 0.81%.
The National Bank of Moldova is organizing a high-level conference on June 4 on the topic "Economic recovery after the pandemic: realities and prospects".
The National Bank of Moldova is organizing a high-level conference on June 4 on the topic "Economic recovery after the pandemic: realities and prospects".
The National Bank of Moldova from June 1 is launching a series of events dedicated to its 30th anniversary.
The National Bank of Moldova from June 1 is launching a series of events dedicated to its 30th anniversary.