Moldovan banks issue €425M in loans as corporate sector leads
Commercial banks in Moldova issued €424.5 million (approx. 8.32 billion MDL) in new financing last month, according to data released by the National Bank of Moldova.
The corporate sector absorbed nearly 65% of the total loan volume, while retail borrowers accounted for the remaining share.
Corporate financing dominates demand
Non-financial commercial enterprises drove the bulk of corporate borrowing, securing approximately 5.4 billion MDL (approx. EUR 275.5 million) in credit during the period.
Retail lending and interest rates
Retail borrowers contracted nearly 3 billion MDL (approx. EUR 153.1 million) in total financing, primarily driven by consumer loans and real estate mortgages.
Average interest rates for mortgage loans stood at 8%, whereas consumer loans carried an average interest rate of nearly 11%. The majority of consumer financing was issued with repayment terms ranging between two and five years.
Translation by Iurie Tataru
