The National Bank of Moldova published statistics on new term deposits attracted by banks in May 2025, showing total volumes fell by 8.5% from April to MDL 4,063.8m. The currency mix shifted further towards the Moldovan leu: leu deposits rose 27.9% to MDL 3,189.3m (78.5% of the total), while foreign-currency deposits fell 55.1% to MDL 874.5m. Average nominal rates increased to 5.17% on leu deposits (+0.34 percentage points) and 1.35% on foreign-currency deposits (+0.02 percentage points). By maturity, deposits of 2 to 5 years accounted for 50.2% of new term deposits, followed by 6 to 12 months at 28.2%. Households placed MDL 3,069.0m, up 3.3% month on month, concentrated in 2 to 5 years (50.8%) and 6 to 12 months (27.0%); versus May 2024, household leu deposits were up 76.2% while foreign-currency deposits were down 4.2%, with average rates of 5.28% in leu (+0.12 percentage points) and 1.23% in foreign currency (-0.12 percentage points). Corporate deposits rose in leu and fell sharply in foreign currency, with leu deposits up 52.7% to MDL 820.2m and foreign-currency deposits down 5.6 times to MDL 164.7m; average rates increased to 4.89% in leu (+1.24 percentage points) and 1.85% in foreign currency (+0.55 percentage points).
National Bank of Moldova 2025-06-20
National Bank of Moldova reports May 2025 new term deposits fell to MDL 4.06bn as foreign-currency placements dropped
The National Bank of Moldova reported an 8.5% decline in new term deposits for May 2025, totaling MDL 4,063.8m, with a notable shift towards Moldovan leu deposits, which rose 27.9% to MDL 3,189.3m. Average nominal rates increased to 5.17% for leu deposits and 1.35% for foreign-currency deposits. Household deposits grew 3.3% month on month, while corporate deposits saw a significant rise in leu and a sharp fall in foreign currency.