Deposits in the national currency raised in June remained the primary form of savings—the share of time deposits in the MDL accounted for 75.4% of the total volume of time deposits.
In total, banks held approximately 150 billion lei in their portfolios as of June. According to data from the National Bank of Moldova (NBM), as of the end of June 2026, the total balance of deposits in the banking system stood at 147,709 million lei. Month-over-month growth: +1.4% compared to May 2026.
Deposits with terms of 2 to 5 years continued to account for the main inflow of long-term funds into the banking system (over 1.43 billion lei of the total).
The NBM maintained the reserve requirement ratio on funds attracted by banks at 18.0% for Moldovan lei and 26.0% for convertible foreign currency. This prevented banks from excessively and sharply raising retail interest rates, despite the increase in the key interest rate.
In June 2026, the weighted average nominal interest rate on new term deposits in lei for individuals was 5.57% per annum, and for businesses (legal entities), which primarily deposit short-term funds, it was 4.17% per annum.
Banks explain this yield spread—where funds from households are attracted at higher rates, though not exceeding the annual inflation rate—as a means of ensuring their “long-term liquidity stability.”
