The four systemically important banks lead the bank performance ranking for July 2019
Automatically translated summary. The full text is available in Romanian.
At the end of July 2019, Moldova's banking sector remained profitable and well capitalised despite recent National Bank of Moldova tightening. The bank performance ranking is led by four systemically important banks: Moldova-Agroindbank, Moldindconbank, MobiasBanca and Victoriabank.
The National Bank of Moldova raised its base rate by 0.5 p.p. for a second consecutive month, to 7.5%, dampening businesses' investment appetite, while households keep borrowing for mortgages and consumption. The reserve requirement on foreign-currency funds rose from 14% to 17%. Solvency ranges from 19% to 60% across banks, and about 52% of assets are liquid. Non-performing loans stand at around 10.9%, ranging from 5% to 27%.
In the first seven months of 2019 banks earned MDL 1.39 billion, about MDL 200 million more than a year earlier. The loan stock reached around MDL 38.9 billion, up about 17% year on year. The top four banks account for roughly 87% of sector profit and 79% of banking assets. Eximbank, BCR Chișinău and Energbank have the strongest capital bases relative to assets.
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