{"id":239394,"date":"2006-11-06T16:58:00","date_gmt":"2006-11-06T16:58:00","guid":{"rendered":"http:\/\/new.moldova.org\/2006\/11\/06\/banking-system-registered-positive-development-trend-in-nine-months-1st-degree-assets-rose-faster-than-in-2005-19788-eng\/"},"modified":"2006-11-06T16:58:00","modified_gmt":"2006-11-06T16:58:00","slug":"banking-system-registered-positive-development-trend-in-nine-months-1st-degree-assets-rose-faster-than-in-2005-19788-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/banking-system-registered-positive-development-trend-in-nine-months-1st-degree-assets-rose-faster-than-in-2005-19788-eng\/","title":{"rendered":"Banking system registered positive development trend in nine months, 1st-degree assets rose faster than in 2005"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

The banking system of Moldova "has mainly registered positive development trends in nine months," while one of the main indicators, the 1st-degree assets, rose faster than in the similar period of 2005, the National Bank of Moldova (BNM) said Monday. <\/p>\n

The 1st-degree assets rose by 19.7 percent up to 3,372,700,000 lei (253 million dollars) on September 30, compared with 11.5 percent in the similar period of 2005. <\/p>\n

The higher growth reveals the consolidation of the banking system in continuation and more protection for interests of depositors, the BNM noted. The 1st-degree assets indicate the capacity of banks to cover eventual financial losses. <\/p>\n

The share of foreign investments has grown by 4.2 percentage points, up to 54.8 percent after completion of banks’ capital with investments of non-resident shareholders. <\/p>\n

The central bank said that the average of the sufficiency of capital liable to risk remains at a high level – 26.7 percent, compared with 12 percent accepted. This indicator indicates a favourable declining trend this year due to the rise of credits, according to a communication by BNM. <\/p>\n

Another indicator, the assets, which indicates the extensive development of banks on one hand and their capacity to invest on the other hand, grew by 16.6 percent in nine months, up to 20,917,600,000 lei. The (net) credit portfolio has registered the highest growth in the structure of assets – by 22.1 percent, up to 11,654,500,000, compared with 18.2 percent in the similar period of 2005. As of September 30, unfavourable credits held 5.2 percent of overall credits and their share declined by 0.1 percentage points this year. <\/p>\n

According to destination of investment operations, credits granted to industry and trade held the highest share in the total of credit portfolio – 48.9 percent, followed by credits released to agriculture and food industry – 20.4 percent, real estate, construction and development – 9.2 percent, and consumption credits – 8.6 percent. <\/p>\n

The supply of credits released to wine industry totalled 1,524,400,000 lei on the same date or 12.4 percent of the total of credit portfolio on banking system, 7.3 percent of the total of assets. In comparison with August 31, the supply of these credits rose by 3 percent, and they grew by 7.2 percent compared with March 31. The share of unfavourable credits in the total of credit portfolio released to wine industry count for 10.8 percent and 4.9 percent of the 1st-degree capital. <\/p>\n

The net revenue on banks for nine months totalled 483.2 million lei and it rose by 37.4 percent compared with the similar period of 2005. The profitableness of assets and of shareholder capital for the period concerned count for 3.3 percent and 20 percent and rose by 0.5 and 4.6 percentage points. <\/p>\n

Banks hold resources worth 2,575,065,000 lei, which may be invested for more than two years. <\/p>\n

BNM notes that the banking system reveals in continuation a high liquidity level. As regards bonds, banks registered a 16.2 percent rise, up to 17,410,200,000 lei on September 30. In particular, deposits of individuals rose by 20.6 percent, up to 8,309,300,000 lei, confirming the credibility of the system. \/\/ BASA-Press<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>Banking system registered positive development<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-239394","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

The banking system of Moldova "has mainly registered positive development trends in nine months," while one of the main indicators, the 1st-degree assets, rose faster than in the similar period of 2005, the National Bank of Moldova (BNM) said Monday. <\/p>\n

The 1st-degree assets rose by 19.7 percent up to 3,372,700,000 lei (253 million dollars) on September 30, compared with 11.5 percent in the similar period of 2005. <\/p>\n

The higher growth reveals the consolidation of the banking system in continuation and more protection for interests of depositors, the BNM noted. The 1st-degree assets indicate the capacity of banks to cover eventual financial losses. <\/p>\n

The share of foreign investments has grown by 4.2 percentage points, up to 54.8 percent after completion of banks’ capital with investments of non-resident shareholders. <\/p>\n

The central bank said that the average of the sufficiency of capital liable to risk remains at a high level – 26.7 percent, compared with 12 percent accepted. This indicator indicates a favourable declining trend this year due to the rise of credits, according to a communication by BNM. <\/p>\n

Another indicator, the assets, which indicates the extensive development of banks on one hand and their capacity to invest on the other hand, grew by 16.6 percent in nine months, up to 20,917,600,000 lei. The (net) credit portfolio has registered the highest growth in the structure of assets – by 22.1 percent, up to 11,654,500,000, compared with 18.2 percent in the similar period of 2005. As of September 30, unfavourable credits held 5.2 percent of overall credits and their share declined by 0.1 percentage points this year. <\/p>\n

According to destination of investment operations, credits granted to industry and trade held the highest share in the total of credit portfolio – 48.9 percent, followed by credits released to agriculture and food industry – 20.4 percent, real estate, construction and development – 9.2 percent, and consumption credits – 8.6 percent. <\/p>\n

The supply of credits released to wine industry totalled 1,524,400,000 lei on the same date or 12.4 percent of the total of credit portfolio on banking system, 7.3 percent of the total of assets. In comparison with August 31, the supply of these credits rose by 3 percent, and they grew by 7.2 percent compared with March 31. The share of unfavourable credits in the total of credit portfolio released to wine industry count for 10.8 percent and 4.9 percent of the 1st-degree capital. <\/p>\n

The net revenue on banks for nine months totalled 483.2 million lei and it rose by 37.4 percent compared with the similar period of 2005. The profitableness of assets and of shareholder capital for the period concerned count for 3.3 percent and 20 percent and rose by 0.5 and 4.6 percentage points. <\/p>\n

Banks hold resources worth 2,575,065,000 lei, which may be invested for more than two years. <\/p>\n

BNM notes that the banking system reveals in continuation a high liquidity level. As regards bonds, banks registered a 16.2 percent rise, up to 17,410,200,000 lei on September 30. In particular, deposits of individuals rose by 20.6 percent, up to 8,309,300,000 lei, confirming the credibility of the system. \/\/ BASA-Press<\/p>\n

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