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In January-March 2022, Moldovan banks' income from exchange rate differences amounted to 393.2 million lei, up 143.7 million (+57.6%) compared to the same period in 2021.

In January-March 2022, Moldovan banks' income from exchange rate differences amounted to 393.2 million lei, up 143.7 million (+57.6%) compared to the same period in 2021.

According to the data of the National Bank of Moldova, maib received the largest profit from the exchange rate difference for 3 months in 2022: 114.67 million lei against 67.4 million lei for the same period a year earlier. OTP Bank, which ranked 2nd in the above indicator, received foreign exchange gains of 61.79 million lei in the first quarter of 2022 (for the same period a year earlier - 36.66 million lei). The 3rd place was taken by Victoriabank, whose similar income in January-March 2022 amounted to 60.22 million lei against 32.85 million lei for the same period in 2021. Next, in terms of banks' income from foreign exchange differences in the first quarter of 2022 follows: Moldindconbank - 57.44 lei (in Q1 2021 - 42.91 million), FinComBank - 23.09 million lei (16.65 million), ProCreditBank - 19.81 million lei (14.32 million), Eximbank - 14.87 million lei (10.3 million), Energbank - 12.34 million lei (10.15 million), BCR Chisinau - 11.42 million lei (7.25 million), EuroCreditBank - 10.65 million lei (6.24 million), Comertbank - 6.85 million lei (4.82 million). // 11.05.2022 – InfoMarket

News on the subject

The NBM raised the base rate applied to the main short-term monetary policy operations by another 3 percentage points - from 12.5% to 15.5% per annum.
The NBM raised the base rate applied to the main short-term monetary policy operations by another 3 percentage points - from 12.5% to 15.5% per annum.
Moldova's direct public debt to international organizations increased by $412.85 million (+20.1%) to $2 billion 468.14 million in 2021.
Moldova's direct public debt to international organizations increased by $412.85 million (+20.1%) to $2 billion 468.14 million in 2021.
The EBRD plans to provide maib a loan of up to 35 million euros to lend to Moldovan companies directly or indirectly affected by the economic consequences of the war in Ukraine.
The EBRD plans to provide maib a loan of up to 35 million euros to lend to Moldovan companies directly or indirectly affected by the economic consequences of the war in Ukraine.
Moldovan banks’ net profit in January-March 2022 amounted to 799.89 million lei, up 377.53 million lei (1.9 times) compared to the same period in 2021.
Moldovan banks’ net profit in January-March 2022 amounted to 799.89 million lei, up 377.53 million lei (1.9 times) compared to the same period in 2021.
The weighted average interest rate on new loans in lei in Moldova in March 2022 amounted to 9.64% per annum, an increase of 0.43 percentage points compared to the previous month.
The weighted average interest rate on new loans in lei in Moldova in March 2022 amounted to 9.64% per annum, an increase of 0.43 percentage points compared to the previous month.
The average interest rate on new term deposits in lei in March 2022 amounted to 5.41%, an increase of 0.43 percentage points compared to the previous month.
The average interest rate on new term deposits in lei in March 2022 amounted to 5.41%, an increase of 0.43 percentage points compared to the previous month.