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The net profit of the banks of Moldova in the first half of 2021 amounted to 941.74 million lei, an increase of 238.9 million (+ 34%), compared to the same period in 2020.

The net profit of the banks of Moldova in the first half of 2021 amounted to 941.74 million lei, an increase of 238.9 million (+ 34%), compared to the same period in 2020.

According to the National Bank of Moldova, the profit for 6 months this year received all 11 banks. At the same time, about 802.01 million lei (85.2% of the total net profit) fell on the share of 4 banks: Moldova-Agroindbank, Moldindconbank, OTP Bank and Victoriabank. About 139.73 million lei of net profit were earned by the remaining 7 banks. Herewith, 9 out of 11 banks that made a profit for the indicated period of 2021, its volumes increased in comparison with the same period in 2020, and for 2 banks the amount of profit decreased. As follows from the data provided by the National Bank of Moldova, in particular, in January-June 2021, the largest net profit was received by: Moldova-Agroindbank - 274.06 million lei (in January-June 2020 - 288.59 million lei), Moldindconbank - 267.24 million lei (171.61 million), OTP Bank - 152.96 million lei (40.1 million) and Victoriabank - 107.75 million lei (93.85 million). Further, in terms of net profit for 6 months 2021 follow: ProCreditBank - 39.84 million lei (in January-June 2020 - 12.29 million lei), FinComBank - 29.15 million lei (27.63 million lei), Eximbank - 28.36 million lei (21.03 million lei), Energbank - 22.26 million lei (16.72 million lei), Comertbank - 8.89 million lei (8.69 million), EuroCreditBank - 6.63 million lei (6.27 million), BCR Chisinau - 4.59 million lei (16.06 million). As InfoMarket agency reported earlier, the net profit of Moldovan banks in 2020 amounted to 1 billion 650.35 million lei, decreasing by 609.51 million (-27%) compared to 2019.// 20.07.2021 — InfoMarket

News on the subject

Incomes of Moldovan banks from exchange rate differences in January-May 2021 amounted to 428.69 million lei, decreasing by 39.93 million (-8.5%) compared to the same period in 2020.
Incomes of Moldovan banks from exchange rate differences in January-May 2021 amounted to 428.69 million lei, decreasing by 39.93 million (-8.5%) compared to the same period in 2020.
E-commerce in Moldova is growing, more and more consumers make purchases on the Internet - Ministry of Economy and Infrastructure.
E-commerce in Moldova is growing, more and more consumers make purchases on the Internet - Ministry of Economy and Infrastructure.
The share of loans issued by banks of Moldova to resident legal entities as of the end of May 2021 amounted to 60.9%, up 1 percentage point versus the previous month.
The share of loans issued by banks of Moldova to resident legal entities as of the end of May 2021 amounted to 60.9%, up 1 percentage point versus the previous month.
Moldova’s total debt to bilateral creditors decreased in the first quarter of 2021 by $38.19 million (-20.5%), amounting to $147.94 million at the end of March.
Moldova’s total debt to bilateral creditors decreased in the first quarter of 2021 by $38.19 million (-20.5%), amounting to $147.94 million at the end of March.
Inguna Dobraja has become the new World Bank Country Manager for Moldova since July 1.
Inguna Dobraja has become the new World Bank Country Manager for Moldova since July 1.
Moldova-Agroindbank retains the 1st place in terms of the volume of loans issued with an indicator of 16 billion 403 million lei (33.7% of the total amount) as of the end of May 2021.
Moldova-Agroindbank retains the 1st place in terms of the volume of loans issued with an indicator of 16 billion 403 million lei (33.7% of the total amount) as of the end of May 2021.