Moldovan Banks Net Profit Dropped by 43 Percent in 2020 (€33.22 Million) Compared to the Same Period in 2019 (€58.4 Million)
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29 July 2020 | 05:23
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) |
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