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Moldova: The weighted average interest rate on new loans in lei (MDL) amounted to 9.18% per annum in May 2024, down by 0.01 percentage points month-on-month.

Moldova: The weighted average interest rate on new loans in lei (MDL) amounted to 9.18% per annum in May 2024, down by 0.01 percentage points month-on-month.

At the same time, the average interest rate on new loans in foreign currency in May 2024 was 6.09%, up 0.05 percentage points compared to the previous month. The National Bank of Moldova reported that, the average interest rate on consumer loans issued in national currency increased by 0.05 percentage points (p.p.) and amounted to 11.09%, and the average interest rate on loans issued in national currency for the purchase of real estate increased by 0.09 percentage points, amounting to 7.71%. The average interest rate on loans issued to legal entities in national currency decreased by 0.02 percentage points - to 8.51%. At the same time, the average interest rate on loans issued to them in foreign currency increased by 0.04 percentage points - up to 6.08%. It should be noted that the historical minimum of the weighted average interest rate on new loans in lei in Moldova is 6.78% per annum, and it occurred in August 2021. // 24.06.2024 - InfoMarket.

News on the subject

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.
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.