The volume of new loans released in Moldovan lei in the second quarter of this year diminished by 16.6% on the second quarter of 2014. The average quarterly interest rate on the new loans was 13.8%, as opposed to 11.27% in the second quarter of last year, shows a report on inflation presented by the governor of the National Bank of Moldova (NBM) Dorin Dragutanu in a news conference.
“The interest rate on loans increased, but not as much as it was anticipated in some comments,” stated the governor
Since the start of this year until June 30, the balance of loans had increased by 0.5% (121 million lei) to 43.6 billion lei. The loans in lei represented 58% of all the loans, a slight decline compared with the corresponding period last year.
As regards the interest on deposits in lei attracted from private individuals and legal entities, it rose to 11.5% in the period. This June, the banks attracted deposits in lei from private individuals at an average interest rate of 13.7, as against 7.6% last June. Such a rise was determined by the NBM’s decision to toughen up the monetary policy with the aim of stimulating the saving of money in national currency and of diminishing the pressure on the currency market, stated Dorin Dragutanu.
