Bad Credits in Banking System of Moldova Made Up 14,4%
OREANDA-NEWS. November 28, 2012. According to the National Bank of Moldova, they grew 4.7 p.p. as compared with past October. The balance of bad credits in the total regulatory capital of Moldova made up 72.1% as of the end of October, 2012 , 19.2 p.p up since the beginning of the year and 34.3 p.p. up as compared with past October.
At the same time, non-performing assets made up 96.8% of TRC as of the end of October, 2012, 57.3 p.p. up as compared with the same period of 2011 and 29.4 p.p. up since the beginning of this year. Allowances calculated for losses for assets and conditional commitments were 4 bln. 672.8 mln. leis against 3 bln. 175.6 mln. leis at the beginning of the year (+47.1%) and against 2 bln. 146.1 mln. leis in October, 2011 (almost 2.2 times up).
Total allowances for losses from formed impairments for assets and conditional commitments were 1 bln. 681 mln. leis against 1 bln. 577.4 mln. leis at the beginning of the year (+6.6%). Assets of 5 banks of Moldova with the largest assets made up 70.9%, 0.6 p.p up as compared with the beginning of the year and 1.3 p.p. as compared with past October.
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