Banks of Moldova in January-September 2023 continued to maintain liquidity indicators at a high level, above the regulated limits.
The National Bank of Moldova (NBM) reported this while assessing the financial situation in the banking sector in the first 9 months of this year. The NBM noted that, in particular, the long-term liquidity ratio (I liquidity principle) of the Moldovan banking system in late September 2023 amounted to 0.66, with the maximum permissible level of 1 (limit ≤1), ranging from 0.29 to 0.77 depending on the bank, decreasing by 0.01, compared to the situation at the end of 2022. According to the National Bank, the III liquidity principle, which represents the ratio between adjusted actual liquidity and required liquidity for each maturity and should not be less than 1 for each maturity, was observed by all banks, ranging from 1.71 for maturities up to and including 1 month, to 117.02 for maturities from 1 month to and including 3 months. The National Bank stressed that the liquidity needs coverage ratio for the sector stood at 256.1% (limit ≥100% - from January 1, 2023) and ranged from 167.8% to 587.2%, increasing by 20.6 p.p. compared to the end of 2022. According to the reports submitted by banks, the NBM said that in late September 2023, the total own funds rate for the banking sector amounted to 31.4%, up 2.2 p.p. compared to the situation in late 2022, and varied between 23% and 62.6% among banks. All banks complied with the Total Equity Rate (≥10%). In addition, all banks complied with the Total Equity Rate, taking into account capital buffers. // 23.11.2023 – InfoMarket
