The new loans released last December came to 3.325,5 billion lei, up 1.7% on December 2019. The applicants preferred loans in national currency, these representing almost 71% of the total loans. The foreign currency loans constituted slightly over 26%, while the loans attached to the exchange rate of the currency – almost 3%. The loans repayable in two to five years made up 53.4% of the total loans, IPN reports.
According to the National Bank of Moldova, the loans released in national currency came to 2.357,9 billion lei, the foreign currency loans recalculated in Moldova lei to 872.7 million lei, while the loans attached to the exchange rate of the currency to 94.9 million lei.
Over 60% of the loans in national currency were released to private individuals, with 54.6% of these being provided to nonfinancial commercial organizations. Also, 95.6% of the foreign currency loans were provided to nonfinancial commercial organization, 68.6% of which were trading companies. The consumer loans represented 63%.
The highest average interest rate on loans in lei was 9.16%, on loans repayable in up to a month. The interest rate on loans released to legal entities was 9.30%, on loans released to private individuals – 7.45%, while on loans given to private individuals who practice activities – 12%.
The loans in national currency repayable in two to five years, which were the most attractive ones last month, were provided at an average interest rate of 7.8%.