The profit of non-bank credit institutions of Moldova in the first half of 2021 increased by 1.6 times compared to the same period in 2019.
According to the National Commission for Financial Market, in January-June 2021, the net profit of non-bank credit institutions of Moldova amounted to 433.15 million lei, which is 65.5% more than in the same period of 2019 (263.33 million lei). The largest profit since the beginning of the year was received by Easy Credit - 98.84 million lei, Microinvest - 63.62 million lei and Iute Credit - 36.13 million lei (almost 47% of the total net profit of non-bank credit institutions in January-July 2021). At the same time, more than 26% of 164 non-bank credit institutions suffered losses. The biggest losses were incurred by Mega Credit - 14.8 million lei and Credits 2 All - 10.4 million lei. The total assets of non-bank credit institutions in Moldova at the end of June 2021 amounted to 11 billion 235.58 million lei, which is 7.6% more than at the end of June 2020 (10 billion 436.7 million lei). The largest assets are held by Microinvest - 2 billion 985 million lei. At the end of the first half of 2021, the equity capital of the operating non-bank credit institutions amounted to 4 billion 040.27 million lei, an increase of 11.8% compared to the same period in 2020 (3 billion 613.8 million lei). Easy Credit has the most significant amount of equity capital - 673.46 million lei, followed by Microinvest - 498.96 million lei, Iute Credit - 274.35 million lei, Prime Capital - 217.97 million lei, Express Leasing & Microcredit - 216.94 million lei. These 5 companies accounted for almost 47% of the equity capital of all non-bank credit institutions. Meanwhile, in January-June 2021, non-bank credit institutions received bank loans and borrowings, including financial leasing, in the amount of 6 billion 451.8 million lei, which is 8.3% more than in the first half of 2020 (5 billion 956.8 million lei). Market participants allocated 1 billion 404.1 million lei to the payment of provisions on the received financial resources (for 6 months of 2020, this amount was 1 billion 178 million lei).//12.08.2021 — InfoMarket.
