Net profit of non-bank credit institutions of Moldova for 9 months of 2021 increased 1.9 times compared to the same period in 2020 and exceeded 707 million lei.
According to the National Commission for Financial Market, in January-September 2021, the greatest profit was received by Easy Credit companies - 149.3 million lei and Microinvest - 119.57 million lei. These companies accounted for 38% of the total net profit of non-bank credit institutions in January-September 2021. At the same time, more than 25% of 163 non-bank credit institutions registered with the NCFM suffered losses. The biggest losses were incurred by Mega Credit - 14.89 million lei and Credits 2 All - 12.04 million lei. The total assets of non-bank credit institutions in Moldova at the end of September 2021 amounted to 11 billion 739.3 million lei, which is 12.3% more than at the end of September 2020 (10 billion 448.97 million lei). The largest assets - the company Microinvest - 3 billion 101.7 million lei, while, in comparison with 9 months last year, it increased its assets by 29%. At the end of 9 months in 2021, the equity capital of operating non-bank credit institutions amounted to 4 billion 230.8 million lei, an increase of 14.8% compared to the same period in 2020 (3 billion 684.9 million lei). Easy Credit has the most significant amount of equity capital - 656.9 million lei, followed by Microinvest - 554.9 million lei, Iute Credit - 305.5 million lei, which accounted for 35% of the total equity capital of non-bank credit institutions in the country. Herewith, in January-September 2021, non-bank credit institutions received bank loans and borrowings, including financial leasing, in the amount of 6 billion 733.2 million lei, which is 14.2% more than in 9 months of 2020 (5 billion 896.2 million lei). Market participants allocated 1 billion 457.9 million lei to the payment of provisions on the received financial resources (for 9 months of 2020 this amount was 1 billion 382.3 million lei).// 25.11.2021- InfoMarket.
