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The share of unfavorable loans in the total volume of loans in Moldova’s banks decreased in Q1 2024 by 0.1 percentage points - to 5.5% in late March.

The share of unfavorable loans in the total volume of loans in Moldova’s banks decreased in Q1 2024 by 0.1 percentage points - to 5.5% in late March.

Such data are provided in the materials of the National Bank of Moldova (NBM) concerning the financial situation of the banking sector for 3 months in 2024. The matter concerns the share of subprime, doubtful and bad loans in the total volume of loans. The National Bank notes that the rate of bad loans varies among different banks, ranging from 2.5% to 6.2%. At the same time, bad loans in absolute terms in January-March 2024 increased by 0.8% (+27.4 million lei), amounting to 3 billion 574.6 million lei. According to the NBM, over the analyzed period, overdue loans decreased by 9.5% (193.5 million lei) - to 1 billion 845.4 million lei. The share of overdue loans in total loans amounted to 2.8%, decreasing by 0.4 percentage points compared to the situation at the end of 2023, and varies from 1.5% to 6.3% depending on the bank. // 19.06.2024 - InfoMarket.

News on the subject

The net profit of the banking sector of Moldova in the first quarter of 2024 amounted to 814.2 million lei, decreasing by 39.2% (-524.1 million lei) compared to the same period in 2023.
The net profit of the banking sector of Moldova in the first quarter of 2024 amounted to 814.2 million lei, decreasing by 39.2% (-524.1 million lei) compared to the same period in 2023.
Placements of funds of Moldovan banks abroad at the end of 2023 amounted to 9 billion 504.2 million lei, up by 5 billion 221.2 million lei (+121.9%), compared to the situation at the end of 2022.
Placements of funds of Moldovan banks abroad at the end of 2023 amounted to 9 billion 504.2 million lei, up by 5 billion 221.2 million lei (+121.9%), compared to the situation at the end of 2022.
The share of foreign investments in the capital of Moldovan banks amounted to 88.9% at the end of 2023, remaining unchanged compared to the previous year.
The share of foreign investments in the capital of Moldovan banks amounted to 88.9% at the end of 2023, remaining unchanged compared to the previous year.
Moldova has implemented key reforms to improve financial services and support the national economy and is building a solid and reliable banking sector capable of addressing challenges - Anca Dragu.
Moldova has implemented key reforms to improve financial services and support the national economy and is building a solid and reliable banking sector capable of addressing challenges - Anca Dragu.
The National Bank of Moldova's (NBM) losses in 2023 amounted to 5 billion 215.9 million lei against a net profit of 2 billion 192.3 million lei a year earlier
The National Bank of Moldova's (NBM) losses in 2023 amounted to 5 billion 215.9 million lei against a net profit of 2 billion 192.3 million lei a year earlier
The government approved amendments to the current legislation aimed at consolidating the framework of the activities of the National Bank of Moldova.
The government approved amendments to the current legislation aimed at consolidating the framework of the activities of the National Bank of Moldova.