The National Bank of Moldova published banking statistics showing that new loans granted in December 2024 totalled MDL 8,096.4 million, up 22.8% from November. Local-currency lending accounted for 75.6% of the total (MDL 6,117.3 million, up 21.1% month on month), while average nominal interest rates on new loans edged down to 8.26% in MDL and 5.67% in foreign currency. By maturity, loans with terms of two to five years were the most common, representing 45.0% of new lending; within this bucket, loans to legal entities accounted for 30.8% of total new loans. Households borrowed MDL 2,279.4 million, broadly unchanged from the prior month, with 53.2% for consumption and 46.3% for mortgages, with mortgages contracted only in MDL; the average rate on MDL consumer loans rose to 10.57% and on MDL mortgage loans to 6.99%. Legal entities increased borrowing in MDL by 40.9%, foreign-currency borrowing by 18.0%, and foreign-exchange-indexed loans by 8.4 times; 62.4% of new loans were contracted by non-financial commercial companies, with average rates at 7.83% for MDL loans and 5.66% for foreign-currency loans.
National Bank of Moldova 2025-01-20
National Bank of Moldova reports December 2024 new lending rising 22.8% to MDL 8.1bn
The National Bank of Moldova reported that new loans in December 2024 totalled MDL 8,096.4 million, a 22.8% increase from November, with local-currency lending comprising 75.6% of the total. Loans with terms of two to five years were most prevalent, and legal entities increased MDL borrowing by 40.9%. Average nominal interest rates on new loans decreased to 8.26% in MDL and 5.67% in foreign currency.