deposits

Next year, the Fund for Guaranteeing Deposits in the Banking System (FGDSB) plans to launch an online platform to compensate guaranteed bank deposits in the event of a banking crisis, Logos Press reported.

Despite the general growth of citizens’ savings in the banking system, the interest in placing funds in accounts is falling, which indicates a decline in confidence and profitability of such savings, – reports Logos Press.

In October, the annual dynamics of growth in the volume of lei deposits slowed down, giving primacy to the attraction of foreign currency funds of economic entities, – reports Logos Press.

Despite the September increase in foreign currency transfers, citizens’ saving sentiments have not improved, according to the National Bank’s monetary synthesis data, Logos Press reported.

The easing of the National Bank’s monetary policy did not affect the cost of credit, leaving demand at almost the same level, Logos Press reported.

More than 45% of savings of the population of Moldova are kept on “dead deposits” – bank accounts without interest.

In June, the total volume of new loans issued by banks amounted to about 7 billion lei, increasing by 6% compared to May. The volume of new term deposits amounted to 3.5 billion lei, decreasing by 15.2% over the month,” Logos Press reported.

About 80 percent of the newly attracted funds in the banking system are in the national currency, and the same percentage of funds reflect the saving sentiment of individuals,” Logos Press reported.

The volume of funds attracted by banks in March 2025 decreased by 11% – to 4.06 billion lei. The monthly evolution of the bank deposits market since the beginning of the year demonstrates the falling interest of individuals in non-cash storage of funds,” Logos Press reported.