OREANDA-NEWS. April 01, 2009. Undistributed profit of commercial banks of Moldova increased by 2.66% in February 2009 in comparison with the beginning of 2009 and by 30.69 percent in comparison with February 2008.

According to the National Bank’s data, as of February 28, 2009, undistributed profit of 16 commercial banks totaled 4 billion 310.6 million lei.

The total volume of assets in the banking system totaled 38 billion 092.3 million in February 2009, 2.63 percent less than in December 2008 and 13.01% more than in February 2008. in comparison with the beginning of 2009, the volume of cash in February reduced by 8.14% - to 1 billion 720.1 million lei (in comparison with February 2008 the growth amounted to 15.38%; the volume of net securities reduced by 7.88 percent – to 2 billion 268.2 million lei (in comparison with February 2008 the reduction amounted to 30.38%.

At the same time, the cost of the credit portfolio reduced in February by 4.33% in comparison with December 2008 and totaled 22 billion 548.55 million lei (in comparison with February 2008 the growth amounted to 8.59%).

In February 2009, banks’ liabilities reduced by 3.56% in comparison with the beginning of 2009 and increased by 10.81 percent in comparison with February 2008. The largest proportion in their volume fell to the share of deposits – 69.27% which reduced by 2.98% in comparison with December 2008 – to 26 billion 385.5 million lei.

The reduction was due to the decrease in individuals’ deposits by 3 percent (to 16 billion 071.9 million lei) and decrease in legal entities’ deposits by 1.74% (to 5 billion 630.8 million lei). At the same time, the volume of deposits in comparison with February 2008 increased by 7.25 percent. The first level capital increased by 1.55 percent in comparison with December 2008 and reached 6 billion 768 million 586 thousand lei.

The average adequacy of capital taking into account the risk in the system as of February 28, 2009 amounted to 33.4% (the minimal necessary level – 12%). The return on assets as of February 28 amounted to 1.72 percent, 1.77 percentage points less than in December 2008 and 2.5 percentage points less than in February 2008.

The return on capital amounted to 9.24%, 10.67 percentage points less than in December 2008 and 15.35 percentage points less than in February 2008. The long-term liquidity of the bank system amounted to 0.66, the current liquidity in the system – 30.98%.