OREANDA-NEWS. August 09, 2012. As it was informed in the National Bank, return on assets and equity at the end of June 2012 was 2.3% and 11.6%, was up from the beginning of the year by 0.5 and 1 percentage point, respectively. According to NBM, Level I bank capital at the end of six months of 2012 amounted to 6 billion 751.7 million lei, decreasing from the beginning of the year by 9.1%.

This was due to the deterioration of the quality of loan portfolio by decline in domestic demand. At the same time, as noted the NBM, despite the decline, the capital of the first level in all banks corresponds to the minimum necessary, which, in turn, proves that the system as a whole is able to cover possible financial losses. At present, Moldova has 14 licensed banks.

The share of foreign investment in the capital of Moldovan banks at the end of June 2012 amounted to 73.4%, down from the beginning of the year by 0.6 percentage points Average weighted capital adequacy of the risk in the system remains high, reaching to the end of June 25.6% and indicates the possibility of using the available liquidity and low risk. Taking into account the latest international trends in banking supervision and the specificity of the local banking market, from June 30, the minimum ratio of the average mean adequacy of risk-based capital was set at 16%.

Since January 2012 the banking system of Moldova switched to international financial reporting standards, according to which total assets in the banking system of Moldova at the end of June 2012 amounted to 53 billion 572.3 million lei, up from the beginning of the year by 8.7% obligations due to an increase of 9.6% and the share capital by 4.8%. According to the NBM, in I half of 2012 loans and receivables grew by 5.8% - up to 33 billion 426.2 million lei, cash and cash equivalents increased by 16.6% - up to 12 billion 834 2 million lei. Other assets increased by 27.6% - up to 936.5 million lei, non-current assets and disposal groups classified as held for sale increased by 17.2% - up to 891.4 million lei.

Financial assets available for sale rose in January-June 2012 by 63.4% - 198.9 million lei, financial assets held for sale increased by 45.9% - up to 242.3 million lei, tangible assets increased by 3.1% - up to 1 billion 617.1 million lei. Investments held to maturity, increased by 1.4% - up to 3 billion 008.5 million lei, tax assets increased by 49.8% - to 86.2 million lei, investments in subsidiaries, associates and joint ventures increased by 15.5% - to 82.1 million lei. At the same time, investment properties decreased by 1.4% - up to 247.7 million lei. In the I half of 2012 non performing loans (substandard, doubtful and loss) in absolute terms increased by 24.3% - up to 4 billion 890.4 million lei, while their share in total loans grew by 2.4 n n - Up to 15.3%.

The amount of new loans to the Moldovan banks in January-June 2012 amounted to 13 billion 049.3 million lei, decreasing by 1.9% since the beginning of the year. The amount of new deposits rose by 7.7% - up to 20 billion 183.2 million lei. Coefficient of long-term liquidity in the banking system of Moldova at the end of June 2012 amounted to 0.7 at the maximum allowable level 1, and the current liquidity in the system amounted to 32.3% with a minimum of 20%. This value of liquidity indicates the presence of adequate funds to support the payments related liabilities, and also defines a high degree of stability of the banks in case of possible external shocks.

According to the NBM, the balance of deposits at the end of June 2012 amounted to 35 billion 215.2 million lei, up from the beginning of the year by 7.6%. At the same time, deposits of individuals grew by 7.8% - up to 22 billion 324.8 million lei, while corporate deposits increased by 4.6% - up to 11 billion 037.2 million lei.