
The National Bank of Moldova's balance sheet is a crucial indicator of the country's economic health. It reveals the bank's assets, liabilities, and equity, providing a snapshot of its financial situation.
The bank's assets, as of 2022, stood at 1,433 billion MDL, with a significant portion invested in government securities. This investment is a testament to the bank's role in supporting the government's financial activities.
The bank's liabilities, on the other hand, totaled 1,244 billion MDL, with a substantial portion borrowed from international organizations. This borrowing is essential for the bank to maintain its liquidity and stability.
The bank's equity, or net worth, was 189 billion MDL, which is a healthy indicator of its financial stability. This level of equity suggests that the bank has sufficient capital to absorb potential losses.
Assets and Investments
The National Bank of Moldova has a significant amount of assets, with a total of 113,383,337.000 MDL th in December 2023.
These assets have been increasing over time, with a notable jump from 107,605,359.000 MDL th in September 2023. The bank's assets have been growing steadily, with an average of 35,340,022.000 MDL th from March 2005 to December 2023.
The bank's assets have reached an all-time high of 113,383,337.000 MDL th in December 2023, and a record low of 11,571,210.000 MDL th in March 2005.
Here's a breakdown of the bank's assets in December 2017:
Assets
The National Bank of Moldova has seen its assets grow significantly over the years. As of Dec 2023, the bank's assets reached a record high of 113,383,337.000 MDL th.
The bank's assets have been increasing steadily, with a notable jump from Sep 2023 to Dec 2023. This growth is a positive sign for the bank's financial health.
The bank's assets have been reported quarterly since Mar 2005, with an average of 35,340,022.000 MDL th. The data is updated regularly, with the most recent update being for Dec 2023.
Here's a breakdown of the bank's assets over the years:
Note that the bank's assets have fluctuated over the years, but the overall trend is one of growth.
Government Securities
Government securities are a crucial part of a country's financial landscape, and Moldova is no exception. The National Bank of Moldova holds a significant amount of securities issued by the Moldovan government.
In December 2017, the National Bank of Moldova's assets in securities issued by the Moldovan government stood at 15,522,330,000 MDL. This is a decrease from the previous quarter.
These securities are a vital part of the bank's balance sheet, and their value can fluctuate over time. The data on these securities is updated quarterly, providing a snapshot of the bank's holdings at regular intervals.
The all-time high for these securities was reached in September 2017, with a value of 16,035,895,000 MDL. This is a significant amount of money, and it highlights the importance of government securities in the Moldovan economy.
The record low for these securities was set in December 2006, with a value of 402,574,000 MDL. This shows just how far the value of these securities has increased over time.
The data on these securities is reported by the National Bank of Moldova and is categorized under Global Database's Moldova – Table MD.KB004: Balance Sheet: National Bank of Moldova.
Assets and Investments

Assets and Investments are a crucial part of any financial institution's balance sheet, and the National Bank of Moldova is no exception. The bank's assets and investments have been steadily increasing over the years, with some fluctuations.
As of Dec 2017, the National Bank of Moldova had assets worth 4,206,142.000 MDL th, a decrease from the previous number of 4,417,641.000 MDL th for Sep 2017. This data is updated quarterly, averaging 2,339,277.000 MDL th from Mar 2005 to Dec 2017.
The National Bank of Moldova's assets have reached an all-time high of 4,974,700.000 MDL th in Sep 2016 and a record low of 1,975,126.000 MDL th in Dec 2008.
Here are some key facts about the National Bank of Moldova's assets and investments:
The National Bank of Moldova's liabilities, on the other hand, have been increasing steadily over the years. As of Dec 2017, the bank had liabilities worth 15,978,430.000 MDL th, a decrease from the previous number of 17,666,629.000 MDL th for Sep 2017.
Liabilities and Capital
National Bank of Moldova's liabilities have been steadily increasing over the years, reaching a high of 67,823,408.000 MDL th in Dec 2017.
The bank's liabilities data is updated quarterly, with the most recent number available being 67,823,408.000 MDL th in Dec 2017. This is a significant increase from the previous number of 66,808,154.000 MDL th for Sep 2017.
The bank's authorized capital, on the other hand, has remained relatively stable, standing at 902,970.000 MDL th in Dec 2017. This is the same as the previous number for Sep 2017.
The authorized capital has averaged 330,017.000 MDL th from Mar 2005 (Median) to Dec 2017, with a record low of 6,092.000 MDL th in Dec 2007.
Government
The National Bank of Moldova has a significant liability to the Moldovan Government. This liability is reported to be 8,783,146.000 MDL th as of December 2017.
This amount is a decrease from the previous number of 9,667,431.000 MDL th in September 2017, indicating a downward trend in the bank's liability to the government.
The data shows that the National Bank of Moldova's liability to the Moldovan Government has been reported quarterly since March 2005, with an average of 2,746,512.000 MDL th over this period.
A record low of 796,991.000 MDL th was reached in June 2007, while the highest amount of 9,667,431.000 MDL th was recorded in September 2017.
Loans and Other
The National Bank of Moldova's assets have seen a significant decrease in loans granted to banks and individuals, with a drop from 24,938.000 MDL th in Sep 2017 to 23,821.000 MDL th in Dec 2017.
This data is reported quarterly and has been averaging 281,871.500 MDL th from Mar 2005 to Dec 2017, with 52 observations. The data reached an all-time high of 14,653,592.000 MDL th in Sep 2015.
The data remains active and is reported by the National Bank of Moldova, categorized under Global Database's Moldova – Table MD.KB004: Balance Sheet: National Bank of Moldova.
NBM Interest Rates
The National Bank of Moldova (NBM) has established its interest rates, which play a crucial role in determining the cost of borrowing. The base rate is set at 3.60%, serving as the reference rate for the main short-term monetary policy operations.
The base rate is the foundation for other interest rates, including the repo rate, which is currently at 3.85%. This rate is used for repurchase agreements, a type of short-term borrowing.
The NBM has also set the overnight deposits rate at 1.60%, which is part of a symmetrical corridor of ± 2 p.p. to the base rate. This means that the deposit and lending facility is closely tied to the base rate.
Here's a breakdown of the current NBM interest rates:
Intangible
Intangible assets are an important part of any bank's balance sheet, and the National Bank of Moldova is no exception. The National Bank of Moldova: Assets: Intangible data was reported at 35,524.000 MDL th in Dec 2017.
This number represents a significant increase from the previous number of 34,553.000 MDL th for Sep 2017. The data is updated quarterly, averaging 14,202.500 MDL th from Mar 2008 (Median) to Dec 2017, with 40 observations.
The National Bank of Moldova's intangible assets reached an all-time high of 42,737.000 MDL th in Dec 2016, and a record low of 1,642.000 MDL th in Jun 2011. This shows that the bank's intangible assets have fluctuated over the years.
Here's a summary of the National Bank of Moldova's intangible assets over the years:
As you can see, the National Bank of Moldova's intangible assets have varied significantly over the years.
Certificates Issued
The National Bank of Moldova issued certificates worth 9,217,431.000 MDL th in Dec 2017, a significant increase from the previous quarter.
This data is updated quarterly and has been averaging 2,602,671.000 MDL th since Dec 2005.
The certificates issued by the National Bank of Moldova have reached an all-time high of 9,217,431.000 MDL th in Dec 2017.
This is a notable increase from the record low of 57,819.000 MDL th in Mar 2015.
Here's a breakdown of the certificates issued by the National Bank of Moldova:
The certificates issued by the National Bank of Moldova are reported by the National Bank of Moldova and remain active in the CEIC database.
Personal Loans
Loans granted to individuals in Moldova have seen a significant decrease. In Dec 2017, the National Bank of Moldova reported 23,821.000 MDL th in loans granted to individuals, down from 24,938.000 MDL th in Sep 2017.
The data is updated quarterly, averaging 281,871.500 MDL th from Mar 2005 to Dec 2017. The loans granted to individuals have reached a record low of 23,821.000 MDL th in Dec 2017.
If you're considering taking out a personal loan in Moldova, it's essential to understand the current market trends. The National Bank of Moldova's data can provide valuable insights into the industry.
Due

As we explore the world of loans and other financial transactions, it's interesting to look at the "due" aspects of a country's financial system. The National Bank of Moldova's due from international financial institutions decreased from 4,417,641.000 MDL th in Sep 2017 to 4,206,142.000 MDL th in Dec 2017.
This decrease is a significant change, and it's worth noting that the data is updated quarterly, averaging 2,339,277.000 MDL th from Mar 2005 to Dec 2017. The data reached an all-time high of 4,974,700.000 MDL th in Sep 2016 and a record low of 1,975,126.000 MDL th in Dec 2008.
The National Bank of Moldova's due to banks also saw a significant change, decreasing from 17,666,629.000 MDL th in Sep 2017 to 15,978,430.000 MDL th in Dec 2017. This change is part of a larger trend, with the data averaging 5,338,156.000 MDL th from Sep 2006 to Dec 2017.
Here's a comparison of the two due amounts:
It's clear that both due amounts have been decreasing, but the due to banks amount has decreased by a larger amount.
Others

The "Others" category is a fascinating part of the National Bank of Moldova's balance sheet. It's a catch-all for various assets and liabilities that don't fit into more specific categories.
National Bank of Moldova's Assets: Others data was reported at 6,628.000 MDL th in Dec 2017, a decrease from the previous number of 8,441.000 MDL th for Sep 2017.
The data for Assets: Others is updated quarterly, averaging 7,948.500 MDL th from Mar 2005 to Dec 2017, with 52 observations. This suggests a relatively stable trend over time.
National Bank of Moldova's Assets: Others data reached an all-time high of 35,233.000 MDL th in Jun 2014, and a record low of 3,009.000 MDL th in Mar 2008.
The range of values for Assets: Others is quite wide, spanning from 3,009.000 MDL th to 35,233.000 MDL th over the years.
Here's a quick summary of the key statistics for Assets: Others:
In contrast to Assets: Others, National Bank of Moldova's Liabilities: Others data was reported at 48,096.000 MDL th in Dec 2017, a decrease from the previous number of 75,798.000 MDL th for Sep 2017.

The data for Liabilities: Others is also updated quarterly, averaging 46,853.000 MDL th from Mar 2005 to Dec 2017, with 52 observations. This suggests a relatively stable trend over time.
National Bank of Moldova's Liabilities: Others data reached an all-time high of 955,096.000 MDL th in Dec 2014, and a record low of 341.000 MDL th in Sep 2005.
Financial Performance
The National Bank of Moldova's financial performance is a topic of interest, especially when it comes to its liabilities. The bank's liabilities due to international financial institutions have been decreasing, reaching 8,758,723.000 MDL th in Dec 2017, down from 8,953,754.000 MDL th in Sep 2017.
This decrease is part of a larger trend, with the data averaging 6,119,880.000 MDL th from Mar 2005 to Dec 2017. The bank's liabilities due to international financial institutions have reached an all-time high of 11,265,853.000 MDL th in Mar 2016 and a record low of 3,450,215.000 MDL th in Mar 2006.
The bank's net undistributed profit or losses have also seen fluctuations, reaching a record high of 1,783,582.000 MDL th in Sep 2015 and a record low of -1,070,481.000 MDL th in Jun 2008.
Differences from Revaluation

The National Bank of Moldova's financial performance is a crucial aspect to consider. The bank's liabilities have seen a significant decrease in the past, with a record low of -3,797,933.000 MDL th in Sep 2017.
This decrease is a notable change from the previous number of -2,925,549.000 MDL th for Jun 2017. The data is updated quarterly, giving us a clear picture of the bank's financial health over time.
The average value of National Bank of Moldova: Liabilities: Differences from Revaluation data is 100,357.500 MDL th from Mar 2005 to Sep 2017. This average is a useful benchmark for understanding the bank's financial performance over the years.
The data has seen a range of values, from a record high of 3,433,719.000 MDL th in Sep 2015 to the record low mentioned earlier in Sep 2017.
Net Undistributed P&L
The Net Undistributed Profit or Losses, also known as Net Undistributed P&L, is a key financial metric that provides insight into the financial performance of an organization. National Bank of Moldova's Net Undistributed P&L data was reported at -151,916.000 MDL th in Sep 2017.
This figure represents a decrease from the previous number of -92,914.000 MDL th for Jun 2017. The data has been recorded quarterly, averaging 76,228.500 MDL th from Mar 2005 (Median) to Sep 2017.
The Net Undistributed P&L data is updated regularly, and it's categorized under Global Database's Moldova – Table MD.KB004: Balance Sheet: National Bank of Moldova.
Resolution and Governance
The National Bank of Moldova's relationship with the Moldovan Government is an interesting aspect of its governance. The bank's liabilities to the government have fluctuated over the years, with a notable decrease from 9,667,431.000 MDL th in Sep 2017 to 8,783,146.000 MDL th in Dec 2017.
This data is reported quarterly, providing a regular update on the bank's financial situation. The average liability to the government from Mar 2005 to Dec 2017 was 2,746,512.000 MDL th.
The bank's liabilities to the government have reached an all-time high of 9,667,431.000 MDL th in Sep 2017 and a record low of 796,991.000 MDL th in Jun 2007.
Regulatory
The National Bank of Moldova has the authority to issue and withdraw banking licenses, regulating and supervising the entire banking sector.
Banks in Moldova remain adequately capitalised, maintain adequate liquidity coverage, and have healthy asset quality, according to the IMF's 2023 report.
The National Bank of Moldova controls interest rates, ensuring a stable economic environment.
Laws passed by the parliament are supplemented by secondary legislation consisting of regulations and decisions issued by the National Bank of Moldova.
The central bank's regulatory powers have led to significant improvements in the banking sector, thanks in part to assistance from the IMF.
Governors
The governors of Moldova have played a crucial role in shaping the country's economy and financial institutions. Leonid Talmaci was the first governor, serving from June 4, 1991 to September 26, 2009.
Dorin Drăguțanu took over as governor on November 6, 2009, and served until April 11, 2016. He was followed by Sergiu Cioclea, who served from April 11, 2016 to November 30, 2018.

Octavian Armașu became governor on November 30, 2018, and served until December 21, 2023. Anca Dragu has been the governor since December 22, 2023 and is currently in office.
Here's a list of the governors of Moldova, along with their terms of office:
Resolution of Moldova
Moldova's path to resolution was a long and complex one. The country declared independence from the Soviet Union in 1991, but its future was uncertain.
Moldova's government was initially formed by a coalition of parties, including the Moldovan Communist Party, which had dominated the country's politics since the Soviet era.
The country faced numerous challenges, including a frozen conflict with the breakaway region of Transnistria.
A key turning point came in 2009, when Moldova signed the Association Agreement with the European Union, marking a significant shift towards European integration.
The agreement aimed to strengthen economic ties and promote democratic reforms in Moldova.
Moldova's government made significant progress in implementing these reforms, including the adoption of a new electoral code and the establishment of an independent electoral commission.
However, the country still faces many challenges, including corruption and a struggling economy.
Frequently Asked Questions
What is the largest bank in Moldova?
Maib is the largest bank in Moldova, holding a market share of over 30%. It has been a long-standing partner of the EBRD since 1995.
Who is the governor of the National Bank of Moldova?
The Governor of the National Bank of Moldova is Anca Dragu. She also serves as Deputy Chairman of the Executive Board.
Can a foreigner open a bank account in Moldova?
Yes, foreigners can open bank accounts in Moldova with local and foreign banks operating through branch offices. We can assist foreign investors with opening bank accounts and companies in Moldova's financial sector.
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