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Moldovan Banks' End-Oct Assets Rise 23% Y/Y

Nov 26, 2008, 11:37:25 AMArticle by Kristina Belkina
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November 26 (SeeNews) - Moldovan banks had 38.2 billion lei ($3.7 billion/2.8 billion euro) in assets at the end of October, up 23% from a year earlier, the country's central bank, BNM, said on Wednesday.

Moldovan Banks' End-Oct Assets Rise 23% Y/Y

The tier-one capital of the banks, which includes common stock and retained profit, totalled 6.5 billion lei at the end of October, up 39% from a year earlier, the BNM said.

Return on assets (ROA) fell to an average 4.02% in October from 4.15% a year earlier. Return on equity (ROE) fell to 23.13% from 25.61% in October 2007.

The share of foreign capital in Moldova's banking system rose to 73.09% at the end of October from 65.61% a year earlier.

Ex-Soviet Moldova has 16 commercial banks.

(1 euro=13.5023 Moldovan lei)

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