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Moldovan banks’ net profit in January-September 2021 amounted to 1 billion 658.75 million lei, up 507.44 million (+ 44.1%) to the same period in 2020.

Moldovan banks’ net profit in January-September 2021 amounted to 1 billion 658.75 million lei, up 507.44 million (+ 44.1%) to the same period in 2020.

According to the National Bank of Moldova (NBM), all 11 banks registered the profit for 9 months of this year. At the same time, about 1 billion 406.8 million lei (84.8% of the total net profit) accounted for 4 banks: Moldova-Agroindbank, Moldindconbank, Victoriabank and OTP Bank. The remaining 7 banks earned about 251.9 million lei in net profit. At the same time, in 10 out of 11 banks that registered profit for the specified period of 2021, profit increased relative to the same period in 2020, and in 1 bank, the profit decreased. As follows from the data provided by the National Bank of Moldova, in particular, in January-September 2021, the largest net profit was received by: Moldova-Agroindbank - 504.66 million lei (in January-September 2020 - 465.37 million lei), Moldindconbank - 460.56 million lei (280.79 million), Victoriabank - 230.38 million lei (168.87 million) and OTP Bank - 211.2 million lei (83.04 million). Further, according to the indicator of net profit for 9 months in 2021 follow: ProCreditBank - 69.55 million lei (January-September 2020 - 19.05 million lei), FinComBank - 56.72 million lei (43.9 million lei), Eximbank - 47.75 million lei (15.78 million lei), Energbank - 40.07 million lei (32.05 million lei), Comertbank - 14.01 million lei (11.68 million), EuroCreditBank - 13.85 million lei (11.33 million), BCR Chisinau - 9.98 million lei (19.44 million). // 21.10.2021 – InfoMarket

News on the subject

Representatives of the EBRD Board of Directors began a virtual 2-day visit to Moldova.
Representatives of the EBRD Board of Directors began a virtual 2-day visit to Moldova.
The share of loans issued by banks of Moldova to resident legal entities as of the end of August 2021 amounted to 59.4%, having decreased by 0.8 percentage points relative to the previous month.
The share of loans issued by banks of Moldova to resident legal entities as of the end of August 2021 amounted to 59.4%, having decreased by 0.8 percentage points relative to the previous month.
The volume of deposits in lei (MDL), attracted by banks of Moldova as of the end of August 2021 amounted to 49 billion 195.1 million lei, having decreased over the month by 315.6 million lei (-0.6%).
The volume of deposits in lei (MDL), attracted by banks of Moldova as of the end of August 2021 amounted to 49 billion 195.1 million lei, having decreased over the month by 315.6 million lei (-0.6%).
Moldova-Agroindbank retains the 1st place in terms of the volume of loans issued with an indicator of 17 billion 982.4 million lei (34.3% of the total) as of the end of August 2021.
Moldova-Agroindbank retains the 1st place in terms of the volume of loans issued with an indicator of 17 billion 982.4 million lei (34.3% of the total) as of the end of August 2021.
The weighted average interest rate on new loans in lei in Moldova reached a new historical minimum, amounting to 6.78% per annum in August 2021.
The weighted average interest rate on new loans in lei in Moldova reached a new historical minimum, amounting to 6.78% per annum in August 2021.
The average interest rate on new term deposits in lei in August 2021 amounted to 3.13%, decreasing by 0.02 percentage points compared to the previous month.
The average interest rate on new term deposits in lei in August 2021 amounted to 3.13%, decreasing by 0.02 percentage points compared to the previous month.