The National Bank of Moldova published monthly statistics on banks’ newly attracted term deposits and related interest rates, showing new term deposits totalled MDL 3,714.9 million in January 2025, down 38.6% from December 2024. The average nominal rate on new MDL-denominated deposits rose 0.43 percentage points to 3.67%, while the average rate on foreign-currency deposits fell 0.19 percentage points to 1.55%. MDL-denominated deposits accounted for 64.2% of the total at MDL 2,386.3 million (down 38.3% month on month), while foreign-currency deposits were MDL 1,328.6 million (down 39.0%). By maturity, the largest shares were deposits with terms of 6 to 12 months (35.3%) and 2 to 5 years (34.4%). Deposits from individuals totalled MDL 3,171.4 million (down 19.9%), with average rates of 3.73% in MDL and 1.48% in foreign currency; year on year, individuals’ MDL deposits fell 20.5% while foreign-currency deposits rose 15.6%. Deposits from legal entities dropped sharply month on month, with MDL-denominated deposits at MDL 313.3 million (down 80.0%) and foreign-currency deposits at MDL 226.6 million (down 51.9%); average rates were 3.32% in MDL and 1.89% in foreign currency, and year on year MDL deposits fell 60.7% while foreign-currency deposits increased 30.1%.
National Bank of Moldova 2025-02-20
National Bank of Moldova reports new term deposits fell 38.6% to MDL 3,714.9 million in January 2025
The National Bank of Moldova reported a 38.6% decrease in newly attracted term deposits in January 2025, totaling MDL 3,714.9 million. The average nominal interest rate on MDL-denominated deposits increased to 3.67%, while foreign-currency deposit rates decreased to 1.55%. MDL deposits comprised 64.2% of the total, with significant declines in deposits from both individuals and legal entities.