OREANDA-NEWS. April 27, 2011. The net profit of Moldova’s banking system in the I quarter of 2011 totaled 186.3 million leis (USD 16.1 million), up 18.8% from the same period of 2010. The banks’ first level capital in January-March 2011 increased by 2.4% - to 6,917.6 million leis, according to the National Bank of Moldova.

The share of foreign investments in banks’ capital remained on the same level – 77%. The average capital adequacy given the risk in the system as of March 31 this year amounted to 29.7% (the minimal needed level being 12%), down 0.4 percentage points from the beginning of the year.

The indicator reflects the increased potential of bank crediting. Total assets in the banking system by end-March amounted to 43,494.3 million leis, up 2.8% from the beginning of the year. The growth of this indicator resulted from the 2.3 percent increase in the share capital and the 2.9 percent growth of liabilities as a result of consolidation of the banks’ capital, and, respectively, the growth of trust in them.

Credits and financial leasing increased in the assets structure by 4.7% - to 24,438.6 million leis, net securities – by 2.2% - to 6,799.4 million leis, funds to be paid by the National Bank – by 50% - to 3,576.2 million leis, cash – by 17.4% - to 2,341.1 million leis. At the same time, money to be paid by banks and net overnight funds reduced by 39.6% - to 2,509.5 million leis. The share of credits and financial leasing made up 56.2% in the total volume of assets, up 1 percentage point from the beginning of the year.

The quality of the credit portfolio improved in the country in January-March 2011, the National Bank says. Particularly, the share of non-performing credits in the total volume of credits contracted by 2.6 percentage points since the beginning of the year, owing to the annulment of some credits, constituting 10.7% as of March 31, 2011.

The biggest share in the total volume of the credit portfolio by end-March 2011 was made up by credits for industry and trade – 53.4%. They were followed by credits for agriculture and food industry – 14.7%, credits for real estate, construction and development – 11.2%, consumer credits – 8%. Return on assets and share capital by March 31, 2011 constituted 1.7% and 10.1%, respectively.

The long-term liquidity throughout the banking system of Moldova constituted 0.7% with the maximum permissible level of 1%, while the current liquidity in the system was 33.2% with the minimal level of 20%. Banks’ deposits as of March 31, 2011 totaled 29,580.8 million leis, up 3% from the beginning of the year. Individuals’ deposits grew 6.5% - to 19,354.8 million leis.