The National Bank of Moldova published an explanation of how its accounting result, statutory capital and distributable profit are calculated. At Dec. 31, 2025, statutory capital equaled 6.93% of monetary liabilities, placing it within the 4% to 10% band that requires distributable profit to be divided equally. The bank therefore allocated MDL 910.41 million to statutory capital and transferred the same amount to the state budget. Distributable profit excludes unrealized gains and losses from exchange-rate and market-price changes, while realized foreign-exchange gains remain distributable. In 2025, the Moldovan leu’s appreciation against the U.S. dollar and depreciation against the euro produced net unrealized foreign-exchange expenses of about MDL 2.9 billion. These valuation effects influenced the accounting result but were excluded from the amount available for distribution.
National Bank of Moldova2026-08-07
National Bank of Moldova explains 2025 profit allocation, directing MDL 910.41 million each to capital and the state budget
The National Bank of Moldova explained that its 2025 distributable profit was split equally because statutory capital stood at 6.93% of monetary liabilities. It allocated MDL 910.41 million each to statutory capital and the state budget, while excluding about MDL 2.9 billion in net unrealized foreign-exchange expenses from distribution.