Volume of loans provided by banks in February increased
Moldovan banks provided more loans in February then in January on the background of the reduction of interests to loans in MDL and increase of interest to loans in foreign exchange.
According to the recent data of the National Bank of Moldova (NBM), in two months of this year the volume of loans provided in MDL increased against the previous month by 293.02 mln lei and amounted to 803.22 mln lei. At the same time, the loans in foreign exchange, recalculated in MDL, were provided in a volume of 515.71 mln lei, up by 155.64 mln lei compared with January. Thus, totally the volume of loans provided by the banks in February increased by almost 450 mln lei against the previous month.
The increase produced in the conditions when the banks reduced by 0.32 percentage points down to 22.93% annually the average interest to the loans in MDL, while the average rate for the loans in foreign exchange increased by 0.86 percentage points up to 14.06% per annum.
The most popular loans in MDL were the ones for a period of over 12 months, which were provided in a volume of over 472.5 mln lei at an average interest rate of 22.53% annually from 22.63% in January. As to the loans in foreign exchange, the most popular were the ones for periods of more than a year, which were provided in a volume equivalent with 275 mln lei at an average interest of 13.61% against 12.43% in January.
Experts believe that the growth of the volume of loans provided by the Moldovan banks owes to both reduction of interests to loans in MDL and livening up of the economic activities in February, as they traditionally are lower in January in connection with the winter holidays.
BASA-Press
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