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Moldovan banks’ net profit in January-May 2024 amounted to 1 billion 426.8 million lei, down by 29.9% (-608.5 million) from the same period in 2023.

Moldovan banks’ net profit in January-May 2024 amounted to 1 billion 426.8 million lei, down by 29.9% (-608.5 million) from the same period in 2023.

According to the National Bank of Moldova (NBM), all 11 banks of the country registered profit for 5 months this year. At the same time, approximately 1 billion 285.1 million lei (about 90.1% of the total net profit) accounted for 4 banks: maib, Moldindconbank, OTP Bank and Victoriabank. The remaining 7 banks earned approximately 141.7 million lei in net profit. At the same time, only one of the banks that made a profit in January-May 2024 saw its volume increase compared to the same period in 2023, and in 10 other banks it decreased. As follows from the data presented by the National Bank, in particular for 5 months in 2024, the largest net profit was received by: maib - 563.85 million lei (in January-May 2023 - 558.17 million lei), Moldindconbank - 353.2 million lei (490.74 million lei), OTP Bank - 233.71 million lei (320.74 million lei) and Victoriabank – 134.35 million lei (364.37 million lei). Next in terms of net profit in January-May 2024 are: ProCreditBank - 39.42 million lei (75.79 million lei), FinComBank - 35.87 million lei (68.31 million lei), BCR Chisinau - 23.32 million lei (47.66 million lei), Eximbank - 18.34 million lei (46.4 million lei), Energbank – 18.22 million lei (34.46 million lei), Comerțbank - 3.97 million lei (16. 69 million lei) and EuroCreditBank - 2.53 million lei (11.94 million lei). // 20.06.2024 - InfoMarket.

News on the subject

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.
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