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In January-May 2022, Moldovan banks' income from exchange rate differences amounted to 643.96 million lei, up 215.3 million (+50.2%), compared to the same period in 2021.

In January-May 2022, Moldovan banks' income from exchange rate differences amounted to 643.96 million lei, up 215.3 million (+50.2%), 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 5 months in 2022: 189.27 million lei against 115.68 million lei for the same period a year earlier. OTP Bank, which ranked 2nd, received over 100.86 million lei from foreign exchange differences in January-May 2022 (for the same period a year earlier - 64.09 million lei). Victoriabank ranked 3rd place with similar income for 5 months in 2022 amounting to 98.36 million lei against 55.02 million lei for the same period in 2021. Further, in terms of banks' income from exchange rate differences in January-May 2022, follow: Moldindconbank - 91.98 million lei (in January-May May 2021 - 74.57 million), FinComBank - 40.79 million lei (29.23 million), ProCreditBank - 30.21 million lei (23.23 million), Eximbank - 24.6 million lei (17 million), BCR Chisinau - 21.35 million lei (12.18 million), Energbank - 18.28 million lei (17.77 million), EuroCreditBank - 16.88 million lei (11.09 million), Comertbank - 11.35 million lei (8.8 million). // 05.07.2022 - InfoMarket

News on the subject

The legislation will be amended to strengthen the independence of the National Bank of Moldova and members of its governing bodies.
The legislation will be amended to strengthen the independence of the National Bank of Moldova and members of its governing bodies.
The NBM has kept the countercyclical buffer rate for exposures from loans held in Moldova at 0%.
The NBM has kept the countercyclical buffer rate for exposures from loans held in Moldova at 0%.
The NBM welcomed the decision to grant Moldova the status of an EU candidate country and declared its determination to further effectively promote the European integration of the Republic of Moldova.
The NBM welcomed the decision to grant Moldova the status of an EU candidate country and declared its determination to further effectively promote the European integration of the Republic of Moldova.
The European Commission welcomes the strengthening of the stability of the financial sector and prudent macroeconomic policy in Moldova.
The European Commission welcomes the strengthening of the stability of the financial sector and prudent macroeconomic policy in Moldova.
EBRD Managing Director Matteo Patrone will visit Moldova this week and discuss assistance to improve energy security with the government.
EBRD Managing Director Matteo Patrone will visit Moldova this week and discuss assistance to improve energy security with the government.
The net profit of Moldovan banks in January-May 2022 amounted to 1 billion 430.92 million lei, an increase of 693 million lei (1.9 times), compared to the same period in 2021.
The net profit of Moldovan banks in January-May 2022 amounted to 1 billion 430.92 million lei, an increase of 693 million lei (1.9 times), compared to the same period in 2021.