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Moldovan banks’ net profit in January-April 2022 was 1 billion 059.77 million lei, up by 531.87 million lei (2 times) as compared with the same period of 2021.

Moldovan banks’ net profit in January-April 2022 was 1 billion 059.77 million lei, up by 531.87 million lei (2 times) as compared with the same period of 2021.

According to the National Bank of Moldova, all 11 banks registered profit over 4 months of this year. At the same time, 4 banks - maib, Moldindconbank, Victoriabank and OTP Bank - made about 870.5 million lei (82.1% of net income). Another 189.3 million lei of net profit was earned by the remaining 7 banks. At the same time, all 11 banks that earned profits in January-April 2022 increased their volumes compared to the same period of 2021. As it follows from the data submitted by the National Bank, in particular, in 4 months of 2022, the highest net profit was registered by: maib - 334.2 million lei (in January - April 2021 - 157.98 million lei), Moldindconbank - 253.56 million lei (160.73 million), Victoriabank - 180.49 million lei (42.41 mln.) and OTP Bank - 102.26 million lei (94.26 million lei). The net profit in January-April 2022 was followed by ProCreditBank - 46.19 million lei (in January-April 2021 - 19.64 million lei), Energbank - 33.76 million lei (10.34 million lei), FinComBank - 30.71 million lei (15.21 million lei), Eximbank - 30.53 million lei (14.96 million lei), BCR Chisinau - 27.97 million lei (2.33 million), Comertbank - 10.99 million lei (6.3 million), EuroCreditBank - 9.1 million lei (3.7 million). // 23.05.2022 - InfoMarket

News on the subject

The National Bank increased the amount of fees charged for processing payments in the automated system of interbank payments.
The National Bank increased the amount of fees charged for processing payments in the automated system of interbank payments.
The WB will develop a new Partnership Strategy with Moldova for the next five years to support its socio-economic development
The WB will develop a new Partnership Strategy with Moldova for the next five years to support its socio-economic development
Moldova will provide more transparency in the advertising of loans and prohibit a floating interest rate on loans in the amount of less than 3 average monthly salaries in the economy.
Moldova will provide more transparency in the advertising of loans and prohibit a floating interest rate on loans in the amount of less than 3 average monthly salaries in the economy.
Octavian Armasu: The implementation of the European directive PSD II will provide the National Bank with the opportunity to develop new payment instruments and attract investment in the fintech sector.
Octavian Armasu: The implementation of the European directive PSD II will provide the National Bank with the opportunity to develop new payment instruments and attract investment in the fintech sector.
In 2022-2024 the need to finance Moldova's balance of payments will reach $1.7 billion.
In 2022-2024 the need to finance Moldova's balance of payments will reach $1.7 billion.
The war in Ukraine and the rise in world prices for energy resources and food have seriously affected the Moldovan economy and provoked an increase in inflation in the country, - Octavian Armasu.
The war in Ukraine and the rise in world prices for energy resources and food have seriously affected the Moldovan economy and provoked an increase in inflation in the country, - Octavian Armasu.