Share of foreign investments in moldovan banks increasing
According to the National Bank of Moldova (NBM), the share of foreign investments in the Moldovan banks in January-September increased by 1.1% up to 75.2%.
According to the NBM administration, the average indicator of capital sufficiency is preserved very high with taking risks into consideration - 31.7%, whereas the minimum of 12% reflects the banks' potential investment possibility without losses of their capital, even in case of operation with high risks.
The decrease in the aggregate net credit portfolio by 13.7% to 20 billion was explained by the decrease in the economic entities' activities against the background of the global financial and economic crisis, natural disaster under the conditions of the decrease of business plans, which are adequate for crediting the banks toughened their selection policy.
"But the crediting process continues. The balance of credits, given in August-September, dropped by 0.2%, whereas the share of bad credits constituted 14.6%. For the sake of comparison, in October 1999 this indicator was equal to 38.9% in the course of the regional crisis", NBM experts underlined.
NBM representatives pointed out to the fact that a small increase by 0.8% in the aggregate deposit portfolio was registered in August and in September; the growth constituted 1.1%. The deposit portfolio of physical persons accounted for 15.58 billion lei.
Infotag
- USA to invest in Transnistria
- U.S. Secretary of State Hillary Clinton: African businesswomen need more access to credit
- Moldovan economy reached pre-crisis development level - NBM
- Foodstuff prices went up 2.5% in January
- Margin at Moldova currency market went down to minimum
- NBM says increase of required bank reserve by 3% - not tight measure
- Africa welcomes China investment
- China's investments in US are growing
- Moldova improves conditions of export and investment attraction
- Moldova to benefit from European loans to reconstruct roads and develop wine-making sector
- Asia, US helps Mercedes Benz sales hit record high in 2006
- Cricova: The Largest Underground Wine Cellar in the World
- What does Remortgage mean?
- Dutch bear profit rises 26 percent
- Foreign direct investment in India doubles during 2006
- Greece: Socialist government's budget deficit of 12.5% caused debt crisis
- Toyota in talks to build new China plant
- Walt Disney profit up 39 percent
- DaimlerChrysler is not planning to manufacture trucks in India
