The National Bank of Moldova published its December 2025 update on the banking credit market, showing that new loans totalled MDL 7,785.0 million, up 12.3% from the previous month, with lending mainly in national currency. The average nominal rate on new MDL loans rose to 9.09%, while the average rate on new foreign-currency loans fell to 5.26%. New MDL-denominated lending amounted to MDL 6,148.3 million, representing 79% of total new loans and a 23.5% increase from November 2025. Loans with maturities of two to five years accounted for 58.9% of new lending, with corporate loans in that tenor representing 40.5% of total new loans. Households took MDL 2,398.8 million in new credit, up 9.6%, with 60.0% for consumption and 39.4% for mortgages, predominantly in MDL; MDL consumer loan rates rose to 11.17% and MDL mortgage rates to 8.24%. New borrowing by legal entities reached MDL 5,205.9 million, up 13.2%, with non-financial commercial companies accounting for 87.5% of corporate borrowing and 58.5% of total new loans; corporate MDL loan rates increased to 8.42% and foreign-currency loan rates declined to 5.25%.
National Bank of Moldova 2026-01-20
National Bank of Moldova reports December 2025 new bank lending increased 12.3% to MDL 7,785 million and leu interest rates ticked higher
The National Bank of Moldova's December 2025 update reveals a 12.3% monthly increase in new loans, totaling MDL 7,785.0 million, with 79% in national currency and an average nominal rate of 9.09%. Corporate loans dominated, with non-financial commercial companies accounting for 87.5% of corporate borrowing, while household borrowing rose 9.6%, primarily for consumption and mortgages.