Farmers are pushing for the introduction of a mechanism to restructure bank debt for viable farms, citing growing financial difficulties in the agricultural sector and the risk of further bankruptcies. Authorities, banks, and industry representatives are already discussing possible changes to collection rules and guarantees, and agreed-upon proposals are expected to be presented shortly.
The loan portfolio of Moldovan banks continued to grow in July, with the bulk of the growth still coming from a few key segments. The loan portfolio structure shows both areas of growth and categories where a decline was recorded—the full version of this article provides details on all major types of loans.
Sergiu Padure, Chief Economist at Moldindconbank
Moldova's external public debt increased by $45.34 million (+0.9%) in January–July 2026, totaling $4 billion 855.95 million as of July 31
Sergiu Padure, Chief Economist at Moldindconbank, answers the questions
The NBM's increase of the base rate from 5% to 7.5% makes government borrowing more expensive, but has had little impact on lending to households so far — Veaceslav Ioniţă
In Moldova, the national economy's total debt at the end of the first quarter of 2026 stood at 723.3 billion lei, an increase of 4.3% compared with the end of 2025.
The National Bank of Moldova says recent economic indicators point to a stronger pace of growth in the second quarter, supported by broad-based gains in industry, trade, exports and agriculture. At the same time, the central bank has tightened monetary policy, citing resilient consumer demand and financing trends that could keep inflationary pressures elevated in the near term.
Moldova's preferential agricultural lending program has continued to expand, with hundreds of micro- and small producers already financed and additional projects approved in July. The latest data show a strong regional imbalance in demand, a mix of investment priorities, and further funding still available for the year ahead.
A draft law has been put up for discussion in Moldova that is intended to change the rules for granting home loans and strengthen protections for borrowers. The bill sets forth new requirements regarding disclosure, creditworthiness assessment, and contract terms, and could have a significant impact on the operations of banks and nonbank lenders.
The risk of excessive credit growth remains moderat in Moldovae, and bank lending continues to grow at a rate exceeding GDP growth - NBM
Record growth in bank lending in the second quarter of 2026 reflects an improvement in living standards and growing public confidence in economic stability — Veaceslav Ionita
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