The net profit of the banking sector of Moldova in 2021 amounted to 2.3 billion lei, up 53.3% (+800.7 million lei) compared to 2020.
The National Bank of Moldova (NBM) announced this, giving an assessment of the financial situation in the banking sector last year. According to the NBM, the increase in profits in January-December 2021 was due to an increase in interest income - by 739.2 million lei (16.9%), income from fees and commissions - by 545.5 million lei (27.6%), a decrease in the amortization of financial assets that are not measured at fair value through profit or loss, in the amount of 386.6 million lei (75.6%). The total income of banks in 2021 amounted to 9 billion lei, having increased by 1.2 billion lei, or 15.1%, compared to the previous year. At the same time, in the income structure, the share of interest income amounted to 56.9% (5.1 billion lei), and non-interest income - 43.1% (3.9 billion lei). At the same time, their total expenses in 2021 were registered at the level of 6.7 billion lei, having increased, compared to 2020, by 378.6 million lei, or 6%. At the same time, interest expenses amounted to 12 billion lei (18.6% of the total), and non-interest expenses - 5.4 billion lei (81.4% of the total). According to the National Bank of Moldova, return on assets and return on equity as of December 31, 2021 amounted to 2% and, respectively, 12.3%, having increased by 0.5 p.p. and 3.6 p.p., respectively, relative to the situation as of the end of 2020. // 15.03.2022 - InfoMarket
