Private individuals and farmers stimulate lending process, expert

Print Send by email
14:20, 21 Sep 2018

Private individuals and farmers stimulate lending process, expert

After a continuous fall of over three years, the lending process at commercial banks started to slightly recover owing to the increase in the volume of loans raised by private individuals and farmers, stated expert of the Institute for Development and Social Initiative “Viitorul” Veaceslav Ionita.

In an article that is quoted by IPN, the expert says the volume of loans in August exceeded the level of 2017. This shows that after a decline of over three years, the process started to recover in 2018. Owing to the fact that lending  to private individuals increases faster than anticipated, the volume of loans released in the banking system at the end of this year will most probably exceed 35.2 billion lei. It is thus expected that the decline of the last two years will be remedied this year, but it is yet a lot up to the level of 2014.

The share of loans provided by banks to private individuals rose from 11.3% in 2014 to 26.9% in August 2018.

According to the expert, the 1.7 bn lei rise in the volume of loans this year is due to the increase in the volume of loans provided to persons. Almost 70% of this rise occurred in the summer of this year, when the volume of loans grew by 1.15 billion lei.

The consumption loans grew in volume by 700 million lei, the loans released in the real estate by 590 million lei, in agriculture by 391 million lei. Together these loans ensured a rise of almost 1.7 billion lei.

14:20, 21 Sep 2018

Other news

09 October 2006
Romania offers another chance for R. of Moldova to have its own atomic energy. Economical analysis by Info-Prim Neo Agency
08 October 2006
Packages of Shares sequestered by fiscal bodies to be sold at the Stock Exchange
07 October 2006
Rivers of wine will flow through Chisinau’s downtown for two days
European Investment Bank could credit transportation and energetic sectors of Moldova
06 October 2006
An IMF evaluation mission of the economic growth and poverty reduction mechanism will arrive to Chisinau
Parties in joint commission reached agreement on solving Moldovan-Russian problems – Zinaida Grcianii
Tax for re-concluding license and/or issuing a copy will not be higher than MDL 450 Union Fenosa Company is ready to bring not only investments but also technologies in Moldova
World Bank Country Director to Pay Work Visit to Moldova “Radiocomunicatii” state enterprise will be reorganized as a joint stock company
British MP says Moldova cannot rely only on remittances Moldova negotiates framework-agreement with European Investment Bank
05 October 2006
Farmers owning plots beyond Rabnita-Tiraspol roadway have their debts cancelled Central authorities draw attention towards dissatisfactory execution of state budget’s expenses chapter
Foreign experts ascertained inadequate realization of investment projects in Chisinau
New GSM operator enters mobile telephony market of Moldova
Moldova is eligible for US “Millennium Challenge Account” Moldova – CIS’ laggard as regards industry indexes
04 October 2006
Moldova to receive over EUR 9 mln within Food Security Program Moldova has highest level of inflation and one of poorest increase GDP among CIS countries


See all


The Institute for Democracy

The ceremony for awarding the human rights promoting projects, attended by five partnerships from the Right and Left banks of the Nistru River, was held in Chisinau with the support of the European Union

See all

Last videos

Conferinþe IPN [HD] | Live streamConferinþe IPN [HD] | Concluzii dupã Congresul Mondial al Familiei
Conferinþe IPN [HD] | Organizarea unei Adunãri consultativeConferinþe IPN [HD] | Liceul Teoretic ,,Orizont"
See all
banner creditex