Moldovans borrow loans in national currency worth over 1.7 billion lei from banks in last June

Chisinau 20 July /MOLDPRES/ - Economic agents and residents in last June borrowed loans in the national currency amounting to 1 billion 733 million lei from commercial banks, by 100 million lei more against the month before. The volume of new loans increased by over six per cent, despite the insignificant growth of the interest rate, at an average of 8.72 per cent annually, against 8.63 per cent in May 2018.    

Data by the National Bank of Moldova (BNM) shows that, after the cheapening of the loans, the sum of bank loans borrowed had increased. Enterprises and residents in last January took loans from banks worth a bit more than one billion lei and in May and June, when the average rate of interest decreased under nine per cent, the sum of the loans borrowed exceeded by 60 per cent the level recorded in early 2018.    

The loans given for terms from 2 to 5 years were the most demanded ones. In last June, their share stood at about 42 per cent of all the loans in the national currency, being offered at an average interest of 8.41 per cent. The credits provided for a period of less than five years were the cheapest ones; loans worth 245 million lei were accessed at an interest rate of 7.62 per cent.

The major share of new credits provided in Moldovan lei, of 57 per cent of the overall loans in the national currency, represented financing offered to legal entities, with an average interest rate of 9.26 per cent. At the same time, private persons borrowed loans in Moldovan lei at an interest rate of 7.93 per cent and the average interest rate of the credits on real estate was of 7 per cent. The sum of loans for real estate in June 2018 was maintained at the level of the previous month, of 152 million lei.  

The average rate of interest on the new loans provided in foreign currency on the concerned period stood at 4.71 per cent. In June 2018, the new credits in foreign currency were represented preponderantly by the credits provided to legal entities with an average interest rate of 4.65 per cent, which account for 91 per cent of all credits in foreign currency in an equivalent sum of 870 million lei.    

(Reporter V. Bercu, editor L. Alcaza)