OREANDA-NEWS. August 05, 2009. The bank system has recorded lower financial indexes in the first half of 2009, because of the decrease in enterprises operations. Nevertheless, the level of recorded indexes is sufficient to secure the stable development of the Moldovan bank system, a communique by the National Bank of Moldova (BNM) has said.

Thus, in the first six months, the first-degree capital dropped by 2.3 per cent down to 6.4 billion lei (396 million euros), as the licence of the insolvent commercial bank Investprivatbank was revoked and non-material assets increased. At the end of the half-year, the banks' bonds amounted to 29.7 billion lei, which is by 7.3 per cent less against early 2009.

On the same period, the balance of consumption credits - 700,000 lei - dropped by about 19 per cent, and deposits decreased by about 11 per cent, because the deposits of the insolvent bank were excluded.

The total assets on the system decreased by 6.4 per cent in the first half of 2009, the net credits' portfolio dropped by over 11 per cent, and the means owed by the BNM by about 16 per cent. The share of net credits in all the assets accounted for 57.2 per cent, by three per cent less against early 2009.

In the first half of 2009, the net income on the bank system was 88.7 million lei, the long-term ratio recorded a 0.6-per-cent cash-deposit ratio, and the current ratio was 31.5 per cent. The ratio indexes show that there are financing sources to cover anticipated or potential short-term and long-term needs. At the same time, the share of foreign investments in the banks' capital was 75 per cent, up by 0.9 per cent against early 2009.