The National Bank of Moldova published its financial stability assessment for the second quarter of 2026, finding that supervised financial institutions retained adequate capacity to absorb shocks and showed no signs of systemic vulnerabilities or excessive systemic risk. The financial stress index stood at 0.39, below the 0.51 stress threshold, while the banking sector vulnerability measure was minus 0.34 and remained below its threshold. Direct contagion risk was low, interbank links showed no systemic strain and no heightened sectoral credit concentration was identified. Credit risk remained banks’ main exposure, with real estate and trade lending expected to have the greatest effect on capital ratios if nonperforming loans increased. Banks tightened lending standards even as credit demand rose. New mortgage lending fell 5.5% from a year earlier and 22.9% from the previous quarter to MDL 2,951.8 million, while new consumer lending rose 16.2% and 20.7%, respectively, to MDL 5,119.7 million. Household borrower metrics remained prudent, and banks held sufficient liquid asset buffers to withstand potential stress.
2026-09-23National Bank of Moldova
National Bank of Moldova finds adequate financial resilience and no excessive systemic risk in second quarter
The National Bank of Moldova found adequate financial resilience and no excessive systemic risk at the end of the second quarter of 2026. Financial stress and banking vulnerability measures remained below their thresholds, while direct contagion risk was low. Credit risk remained the main banking exposure, but prudent household lending metrics and strong liquid asset buffers supported banks’ shock absorption capacity.