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Net profit of non-bank credit organizations (NCOs) of Moldova in 2021 amounted to 929.8 million lei, having doubled relative to 2020 (476.3 million lei).

Net profit of non-bank credit organizations (NCOs) of Moldova in 2021 amounted to 929.8 million lei, having doubled relative to 2020 (476.3 million lei).

According to the National Commission for the Financial Market, Microinvest had a profit of 191.39 million lei and Easy Credit - 185.01 million lei, which amounted to 40.5% of the total net profit of NCOs in 2020. Compared to 2020, the profits of both companies increased - by 69% and, respectively, by 27.7%. At the same time, 40 NCOs incurred losses, the most significant being Mega Credit - 14.2 million lei and Credits 2 All - more than 13 million lei. The total assets of non-bank credit organizations of Moldova as of the end of December 2021 amounted to 12 billion 321.8 million lei, up 16.2% compared with the end of 2020 (10 billion 597.7 million lei). The top 5 companies in terms of assets for the year are Microinvest (3 billion 437.6 million lei), Easy Credit (1 billion 062.1 million lei), Iute Credit (824.6 million lei), BT Leasing (645.07 million lei), Express Leasing & Microcredit (514.8 million lei). These five companies accounted for about 53% of the assets of the NCOs market. In 2021 the equity capital of operating NCOs increased by 12.7% compared to the previous year and totaled 4 billion 319.4 million lei. According to this indicator, the leaders are: Microinvest (626.7 million lei), Easy Credit (692.6 million lei), Iute Credit (313.4 million lei), Express Leasing&Microcredit (226.01 million lei) and Prime Capital (218.7 million lei) - they accounted for 48.1% of NCOs equity last year. Last year, NCOs, including leasing companies, provided financing worth 11 billion 344.96 million lei (+18% compared with the previous year), of which 3 billion 034.68 million lei (about 26.7%) was provided by Microinvest. The top 5 companies in non-banking finance were also: Easy Credit (1 billion 066.97 million lei), Iute Credit (819.35 million lei), BT Leasing (607.27 million lei), Sebo Credit (509.18 million lei). At the same time, in 2021 NCOs received loans and credits from external donors, including financial leasing, 7 billion 167.47 million lei, which is 20.6% more than in 2020 (5 billion 940.4 million lei). About 37.5% of the funding received came from Microinvest (2 billion 685.04 million lei). The top five banks by this indicator were also: BT Leasing (504.7 million lei), Iute Credit (468.1 million lei), Mikro Kapital Company (333.2 million lei) and Easy Credit (329.8 million lei). // 19.04.2022- InfoMarket.

News on the subject

The total amount of revenues from taxes and duties planned in the state budget for 2022, will be increased by 1 billion 273.2 million lei (+2.7%) to 47 billion 942.4 million lei.
The total amount of revenues from taxes and duties planned in the state budget for 2022, will be increased by 1 billion 273.2 million lei (+2.7%) to 47 billion 942.4 million lei.
In Moldova, it is planned to expand the list of socially significant goods that can be sold with a limited trade markup.
In Moldova, it is planned to expand the list of socially significant goods that can be sold with a limited trade markup.
Moldovan government has approved amendments to the state budget for 2022, increasing its deficit by 28% (+4.25 billion) - up to 19 billion 386 million lei.
Moldovan government has approved amendments to the state budget for 2022, increasing its deficit by 28% (+4.25 billion) - up to 19 billion 386 million lei.
Moldova will reduce its domestic public debt by 4.9 billion lei in 2022 by reducing government securities (GS) issues on the primary market by the indicated amount and will not finance the budget deficit by issuing GS.
Moldova will reduce its domestic public debt by 4.9 billion lei in 2022 by reducing government securities (GS) issues on the primary market by the indicated amount and will not finance the budget deficit by issuing GS.
The domestic public debt of Moldova as of the end of March 2022 amounted to 32 billion 196.1 million lei, down by 865.6 million lei (-2.6%), compared to the previous month.
The domestic public debt of Moldova as of the end of March 2022 amounted to 32 billion 196.1 million lei, down by 865.6 million lei (-2.6%), compared to the previous month.
Prices for fuel in Moldova in the first quarter of 2022 increased by an average of 26.17%, and over the past 12 months (from March 2021 to March 2022) - by 44.85%.
Prices for fuel in Moldova in the first quarter of 2022 increased by an average of 26.17%, and over the past 12 months (from March 2021 to March 2022) - by 44.85%.