In the first half of 2020, the net profit of Moldovan banks dropped by 43.1 percent compared to the same period in 2019. InfoMarket mentions that while during January-June 2019, the banks had a net profit of over €58.4 million (1.151 billion lei), during the same period in 2020, the banks had a net profit of €33.22 million (654.94 million lei).
According to the National Bank of Moldova, all 11 banks made a profit for six months in 2020. Four banks (Moldova-Agroindbank, Moldindconbank, Mobiasbanca – OTP Group, and Victoriabank) had around €27.7 million (546.22 million lei) or 83.4 percent of the total net profit.
Ten out of 11 banks experienced a decline in profit compared to the same period in 2019, and only one bank registered an increase in profit.
Bank Name
Net Profit for January-June 2020
Net Profit for January-June 2019
Moldova-Agroindbank
€14.63 million (288.58 million lei)
€20.17 million (397.63 million lei)
Moldindconbank
€8.7 million (171.61 million lei)
€16.45 million (324.34 million)
Victoriabank
€2.32 million (45.92 million lei)
€7.37 million (145.33 million lei)
Mobiasbanca – OTP Group
€2.03 million (40.11 million lei)
€6.86 million (135.25 million lei)
FinComBank
€1.4 million (27.63 million lei)
€1.65 million (32.61 million lei)
Eximbank
€1.06 million (21.03 million lei)
€1.65 million (32.61 million)
Energbank
848,000 euros (16.72 million lei)
854,000 euros (16.84 million lei)
BCR Chișinău
814,000 euros (16.06 million lei)
452,000 euros (8.92 million lei)
ProCreditBank
624,000 euros (12.31 million lei)
€1.81 million (35.83 million lei)
Comertbank
440,000 euros (8.69 million lei)
480,000 euros (9.47 million lei)
EuroCreditBank
318,000 euros (6.27 million lei)
349,000 euros (6.88 million)
The National Bank of Moldova data from the period January-June 2020 compared to the same period in 2019
