The National Bank of Moldova discussed with the European Central Bank the further development of payment infrastructure and digital banking supervision tools in the context of European integration. Particular attention was paid to the MIA instant payment system and the possibilities for aligning it with European payment solutions, which could mark an important milestone for the country's financial sector.
The Fintech Moldova Conference (FMC26) will take place in Chișinău on October 2 as part of Moldova Business Week 2026
The National Bank of Moldova notes that the banking sector remains stable, even though credit risk continues to be a key source of pressure. At the same time, there is still sufficient liquidity in the system, and recent data on lending, portfolio quality, and the housing market show noticeable changes in the behavior of borrowers and banks.
Moldova's economy enters the autumn with mixed signals: while some sectors continue to support growth, others remain under pressure from weak demand and high financing costs. At the same time, energy tariffs, export performance, fiscal changes and financing trends are shaping a busy policy and market agenda that could affect businesses and households in the months ahead.
The National Bank of Moldova has completed a three-year institutional transformation project aimed at fostering a culture of continuous learning and knowledge sharing within the regulator. The bank states that the results achieved will serve as the foundation for further strengthening human resource capacity and expanding cooperation at the national and regional levels.
Sergiu Padure, Chief Economist at Moldindconbank
The National Bank and the EBRD Are Discussing Priorities for Cooperation in the Near Future
Moldova's economy continued to grow in the first half of the year, and the latest data from statistics agencies and the National Bank indicate that this positive trend continued into the second quarter. At the same time, when making its decision on the interest rate, the regulator specifically noted changes in key sectors, foreign trade, and consumer activity, which together paint a picture of recovery.
"A strong, professional, and independent central bank is the cornerstone of a modern economy" — Vasile Tofan
In the first half of 2026, Moldova's banking sector maintained stable liquidity and capital ratios, with all market participants remaining above the mandatory thresholds. The regulator's reports note significant differences among banks in key ratios, which provide insight into how the sector is navigating a period of rising credit risk and expanding operations.
The National Bank of Moldova highlighted its role in shaping the country's European future and summarized the transformation of the banking sector over the years since independence. The focus is on developing modern payment services, deepening financial integration with the EU, and further harmonizing regulations with European standards.
Sergiu Padure, Chief Economist at Moldindconbank
Moldova's Ministry of Finance discussed the parameters of future tax policy with a business association, focusing in particular on the tax regime for the financial sector and related industries. The ministry is considering proposals to level the playing field for businesses and adjust the tax system so that it remains competitive and supports investment.
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