In September 2024, new term deposits attracted deposits1 (Infographic 1) totalled MDL 2,871.3 million, decreasing by 22.3% as compared to August 2024. Deposits attracted in domestic currency recorded a major share of 61.7% and totalled MDL 1,772.5 million, decreasing by 28.1% as compared to the previous month. Deposits attracted in foreign currency totalled MDL 1,098.8 million, being 10.7% less than in the previous month.
Infographic 1. Developments in new attracted deposits
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The average nominal interest rate on domestic currency deposits, did not change and amounted to 3.18%. The average nominal interest rate on foreign currency deposits increased by 0.20 percentage points to the value of 1.56%.
In terms of maturity, deposits with maturities from 6 to 12 months (40.0%) and deposits with maturities from 2 to 5 years (25.1%) had the largest share in total term deposits.
Individuals’ deposits amounted in September 2024 to MDL 2,327.5 million, decreasing by 8.1% as compared to the previous month (Infographic 2). The most requested were deposits with terms from 6 to 12 months (42.2%) and deposits with maturities from 2 to 5 years (21.1%) of the total deposits of individuals.
Infographic 2. Individuals’ new term deposits
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The average interest rate on deposits attracted in domestic currency from individuals, compared to the previous month, decreased by 0,03 percentage points to the value of 3.25%. At the same time, the average interest rate on foreign currency deposits increased by 0.14 percentage points to the value of 1.47%.
In September 2024, businesses’ deposits in domestic currency decreased by 63,2% (Infographic 3), while those in foreign currency by 23.2%, as compared to the previous month. Businesses’ deposits in domestic currency amounted to MDL 327.4 million, while those in foreign currency – MDL 210.2 million.
Infographic 3. Businesses’ new term deposits
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The average interest rate on deposits attracted in domestic currency from businesses decreased by 0.12 percentage points as compared to the previous month, reaching 2.88%. At the same time, the average interest rate on foreign currency deposits increased by 0.46 percentage points to the value of 1.93%.
infographic [4]:
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Developments in LOANS markets in September 2024 [5]
Statistical data [6]
1. The press release is made based on reported information according to the Instructions on the preparation manner and presenting reports regarding the interest rates applied by the Moldovan banks , approved by the Decision of the Executive Board (HCE) of NBM no.331/2016; The notions and terms used in the press release, especially new deposits, legal persons, individuals and individuals that practice the activity have got a well-defined meaning in the contracted Instruction.
Note: In the infographics the aggregated data may not correspond exactly to the sum of components because of the mathematical rounding.