OREANDA-NEWS. May 12, 2009. In March 2009, undistributed profit of commercial banks of Moldova grew by 1,78% as compared to early 2009 and by 23,77% as compared to March 2008.

According to NBM, as of March 31, 2009 undistributed profit of 16 commercial banks of Moldova amounted to 4 billion 273.77 million leis. Total assets of the banking system amounted to 572.43 billion 37 million leis, decreasing by 4% as compared with December 2008 and by 13.72% as compared to March 2008.

As compared with early 2009, in March 2009 a decrease in the amount of cash – by 9.23% (as compared to March 2008 – by 1.97%) - up to 1 billion 699.73 million lei, net securities – by 28,7% (as compared to March 2008-by 34,6%) - up to 1 billion 755.56 million leis was registered. The debts of the banks increased by 24.12% (in March 2008- 2 times) - up to 2 billion 611.16 million leis.

At the same time, in March 2009, the cost of loan portfolio declined by 3.07% as compared to December 2008 and amounted to 22 billion 845.68 million leis (as compared to March 2008- an increase of 6%). In March 2009, banks’ liabilities have declined by 5.06% as compared with early 2009 and increased by 8.6% as compared with March 2008 - up to 30 billion 461.94 million leis.

The largest share of their volume accounts for deposits - 69.52%, which decreased by 7% as compared to December 2008- up to 25 billion 309.38 million leis. This reduction is due to decrease in the volume of deposits of individuals by 6,4% (up to 15 billion 513.9 million leis) and the amount of deposits of legal entities by 6,13% (up to 5 billion 378.7 million leis).

At the same time, as compared with March 2008, the volume of deposits increased by 2.5%. TIER-I capital grew by 0.86% as compared with December 2008 and reached 6 billion 722.21 million leis and the average capital adequacy made 32.83% (minimum required level of 12%).

As of March 31, 2009, the return on assets amounted to 1.41%, or 2.08 points less than in December 2008 and 3.1 points less as compared with March 2008. Return on share equity amounted to 7.53% or 12.37 points less than in December 2008, and 18.57 points less as compared with March 2008. Long-term liquidity of the banking system amounted to 0.65 and current liquidity - 29.27%, respectively.