Net profit of Moldova’s banking sector in 2022 constituted 3.6 billion lei, up by 58.6% (+1.3 billion lei) relative to 2021.
The National Bank of Moldova reported this while assessing the financial situation in the banking sector over the last year. According to NBM, the increase in profits in January-December 2022 was due to higher interest income - by 4.5 billion lei (+88.5%), revenues from exchange rate differences - by 547.6 million lei (+46.7%), revenues from fees and commissions - 480.1 million lei (+19.1%). At the same time, non-interest expenses (fees, commissions, administrative expenses, reserves, depreciation of financial and non-financial assets, etc.) increased by 2.9 billion lei (+53.8%) and interest expenses increased by 1.3 billion lei (+103.3%). Total revenues of banks in 2022 amounted to 14.5 billion lei, increasing by 5.6 billion lei (+61.9%) as compared to the previous year. At the same time, the share of interest incomes in the structure of revenues was 66.2% (9.6 billion lei) and of non-interest incomes - 33.8% (4.9 billion lei). At the same time, their total expenses in 2022 amounted to 10.9 billion lei, increasing by 4.2 billion lei relative to 2021 (+63%). At the same time, interest expenses amounted to 2.5 billion lei (23.2% of the total), and non-interest expenses - 8.4 billion lei (76.8% of the total). According to the National Bank of Moldova, the return on assets and return on equity capital at the end of 2022 was 2.9% and, respectively, 16.9%, increasing by 0.9 p.p. and 4.6 p.p., respectively, compared to the situation at the end of 2021. // 09.03.2023 - InfoMarket.
