The new term deposits in January amounted to 4.528,5 billion, a decrease of 23.6% compared to December 2023. The deposits attracted in national currency constituted 75.1%, totaling 3.400,9 billion lei, but decreased by 6.7% on a month before. The foreign currency deposits came to 1.127,6 billion lei, declining by 50.5 percent compared to the previous month, IPN reports.

According to the National Bank of Moldova, the average nominal interest rate on new deposits attracted in national currency increased by 0.05 percentage points to 4.18%. The average nominal interest rate on foreign currency deposits decreased by 0.35 percentage points to 1.86%.

Out of the total term deposits, the deposits of six to 12 months represented 42.9%, while the deposits of two to five years constituted 24%.

Individuals’ deposits amounted to 3.556,8 billion lei last month, decreasing by 4.7% compared to the previous month. The deposits of six to 12 months made up 33.6% of all the deposits.

The average interest rate on deposits attracted in national currency from individuals increased by 0.01 percentage points compared to the previous month to 4.16%. Simultaneously, the average interest rate on foreign currency deposits decreased by 0.24 percentage points to 1.92%.

Legal entities’ deposits in national currency decreased by 32.8%, while those in foreign currency declined 5.8 times. The deposits in national currency of legal entities came to 796.9 million lei, while those in foreign currency to 174.2 million lei.

The average interest rate on deposits attracted in national currency from legal entities grew by 0.14 percentage points to 4.24%. At the same time, the average interest rate on foreign currency deposits decreased by 0.76 percentage points to 1.51%.