Bank Performance Ranking, February 2019
Automatically translated summary. The full text is available in Romanian.
The Independent Think Tank “Expert-Grup” presents its bank performance ranking for the end of February 2019. The ranking is led by three systemically important banks: Moldova-Agroindbank, followed by MobiasBanca and Moldindconbank, which excel in profitability and market indicators in the Moldovan banking sector.
The sector appears stable, profitable and well capitalised, with solvency ranging from 19% to 61% across banks. Short-term liquidity is in excess, but long-term liquidity is less comfortable, as several banks are close to the required limit. Asset quality is improving: the non-performing loan rate is about 12%, ranging from 5% to 30% by bank. Profit comes largely from related activities such as foreign exchange and commissions, or from central bank sterilisation operations, rather than from lending expansion.
The total loan stock rose by 1.4% from January and by 11.3% year on year, driven by individuals' demand. Consumer loans grew by 25% and real estate loans by 56%. Lending in national currency reached 62.5%, followed by EUR at about 25.5%. The three leading banks account for about 67% of sector profit and 62% of total assets. Other banks lead on capital strength, liquid assets, asset quality, return on capital and loan market share.
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