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12 February 2012
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Interviews

Gheorghe Russu

Vice-director, The Center for Combating Economic Crimes and Corruption

Parties-Phantoms, Parties - State Institutions, Parties - State Enterprises

Ion PREAŞCĂ

20 parties have registered in the current election campaign. Many people say it is a too big number for such a small country as Moldova. At the same time, much more parties could take part in the election campaign.

Last week illustrated
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Activists launch Moldova’s first ‘Space Camp’ © Susan Coughtrie

NBM: Bank to be in need of money after two years

The National Bank of Moldova (NBM) forecasts that domestic commercial banks will be in need of money after two years, told NBM President Dorin Dragutanu to a local newspaper, saying that the current liquidity equals 4 billion lei.
INFOTAG, 5 August 2010, 15:15

"Four billion lei are deposits. If banks would not gain money on the National Bank, they would ask why do they need these money and would decrease interests on deposits even more", said Dragutanu, supposing that this will change in about 2 years.

He considers this liquidity is absorbed by the economy and market development. "At that time, banks will be in need of short-term cash, and they will not give money to the central bank, but will take loans under 7% of interest", mentioned the president.

Dragutanu said that a small pressure on the amount of deposits due to continuing decrease on deposits interest is currently being felt.

"We think interest decrease on deposits must stop and then either decreasing interest on credits will also stop or they will continue the same small decrease by decreasing the bank's margin", said Dragutanu.

NBM President has drawn attention to the fact that foreign banks live on a 3% profit margin, while Moldovan banks - on 8-9%.

"Our banks have much to work on to reach the level of European banks. However, banks are not effective not because they don't want to, but because the market does not help them to be", stressed National Bank of Moldova President Dorin Dragutanu.


© 2010 INFOTAG all rights reserved

 



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