The National Bank of Moldova's (NBM) losses in the first half of 2023 amounted to 3 billion 234.09 million lei against a net profit of 2.73 billion lei in the same period of 2022.
This was conditioned, among other things, by the fact that about 2 billion 713.3 million lei in January-June 2023 was allocated to cover unrealized foreign exchange losses from the revaluation of foreign exchange reserves, while in the same period of 2022, the allocation of unrealized foreign exchange gains from the revaluation of foreign exchange reserves amounted to 2 billion 749.9 million lei. According to the data published by the National Bank on its financial statements for January-June this year, in particular, the NBM's interest income on short-term placements in the first half of 2023, compared to the same period of the previous year, increased 8.2 times, from 55.99 million to 460.53 million lei. At the same time, interest income on securities increased 10.4 times - from 104.59 million to 1 billion 087.4 million lei, while interest income on issued loans and REPO decreased 32 times - from 126.74 million to 3.97 million lei. Interest expenses on free cash increased almost 2 times, from 653.3 million to 1 billion 285.9 million lei, while interest expenses on operations with securities and REPOs rose 6.9 times, from 133.75 million to 919.3 million lei. According to NBM data, its total losses from transactions, exchange rate differences and revaluation of precious metals in January-June 2023 amounted to 2 billion 698.2 million lei against a profit of 3 billion 048 million lei in the same period a year earlier. The NBM losses from securities revaluation in the first half of 2023 amounted to 118.7 million lei against losses of 9.35 million lei in the same period a year earlier (12.7-fold increase). // 12.10.2023 - InfoMarket.
