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Moldova - Loan portfolio in the banking sector increased by 20%

Moldova (bbabo.net) - For 11 months of 2021, the loan portfolio in the banking sector increased by 9136.9 million lei (20.0%), to 54 786.1 million lei. In the structure of assets, the largest share belonged to the item „ Loans and advances ”- 46.5 percent, ipn.md reports

According to the press release of the National Bank of Moldova, the increase in the loan portfolio in the banking sector for 11 months of 2021 is largely due to an increase in the loan portfolio for the purchase / construction of real estate, by 40.9 percent, and is also associated with an increase in consumer loans - by 37.9 percent.

Their quality is currently favorable. Loans for the purchase / construction of real estate and consumer loans classified as problematic have a small share in the total volume of loans issued to the respective branches, amounting to 2.8 percent and 5.5 percent, respectively.

The loan portfolio quality indicator improved compared to the end of the previous year due to higher growth rates of the loan portfolio compared to the growth of problem loans. Thus, the share of problem loans in the total volume of loans amounted to 6.3 percent, having decreased by 1.0 percentage points. compared to the end of the previous year.

Moldova - Loan portfolio in the banking sector increased by 20%