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Moldovan Banks' End-Sept Assets Rise 31% Y/Y

Oct 28, 2008, 11:03:38 AMArticle by Kristina Belkina
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October 28 (SeeNews) - Moldovan banks had 39.4 billion lei ($3.8 billion/3.1 billion euro) in assets at the end of September, up 31% from a year earlier, the country's central bank, BNM, said on Tuesday.

Moldovan Banks' End-Sept Assets Rise 31% Y/Y

The tier-one capital of the banks, which includes common stock and retained profit, totalled 6.4 billion lei at the end of September, up 43.8% from a year earlier, the BNM said.

Return on assets (ROA) fell to an average 4.04% in September from 4.12% a year earlier. Return on equity (ROE) fell to 23.31% from 25.31% in September 2007.

The share of foreign capital in Moldova's banking system rose to 73.09% at the end of September from 65.22% a year earlier.

Ex-Soviet Moldova has 16 commercial banks.

(1 euro=12.8335 Moldovan lei)

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