National Bank of Moldova publishes February 2025 banking system data on foreign currency assets, liabilities and open FX positions

The National Bank of Moldova published its monthly aggregated dataset on licensed banks’ foreign currency assets and liabilities and their open foreign exchange positions, compiled from banks’ regulatory open-position reports. The release also includes total normative capital and the open-position ratio by currency. For February 2025, aggregate foreign currency assets stood at MDL 51,784,983,784 at month-end, compared with foreign currency liabilities of MDL 51,593,064,014. Assets were driven by available foreign currency funds (MDL 18,482,477,420), foreign currency loans (MDL 17,164,934,656) and required reserves in foreign currency placed at the National Bank of Moldova (MDL 13,539,657,601), while liabilities were dominated by clients’ foreign currency current accounts (MDL 24,872,472,596) and term deposits (MDL 15,200,264,634). Long open FX positions totalled MDL 321,007,125, mainly in EUR (MDL 160,510,391) and USD (MDL 143,021,375), while short positions totalled MDL 129,087,689, mainly in USD (MDL 66,429,626) and EUR (MDL 47,596,253). Total normative capital was MDL 22,502,807,443 and the reported open-position ratios for these currencies were 0.71% long in EUR and 0.64% long in USD, against -0.30% short in USD and -0.21% short in EUR. The publication reiterates that foreign currency assets and liabilities cover balance-sheet items, off-balance-sheet forward positions and Moldovan leu items indexed to foreign currency exchange rates, and that the information is published monthly by the last day of the month following the reporting month.