Moldovan banking system is developing
The banking system of Moldova in the first quarter of this year has expanded, the National Bank said in a communique.
According to the central bank, in the first six months of this year, the first level capital of the national banks, one of the main financial indicators that shows the banks’ capacity to cover possible losses, rose by 12.7% to 5.890 billion lei. Foreign investment made up 72.5% of the banks’ capital, up 0.6% compared with the start of the year.
The average risk-weighted capital per system made up 29.2%, as against the required 12%. The bank says that this shows a high security level as the banks can perform risky operations without affecting the capital.
The national banks’ net profit on June 30 totaled 731.6 million lei, by 37.5% higher compared with January. The assets came to 36.166,8 billion lei, up 13%. The credits released added up to 22.577 billion lei, an increase of 13.6%, while securities – to 3.95,2 billion lei, an increase of 36.6%.//REPORTER.MD
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