National Bank of Moldova

The solvency ratio of insurance companies was 180% for general insurance and 695% for life insurance, well above the minimum requirement (≥100% plus a 10% margin of safety), reflecting the solid financial position and the ability of companies to meet their obligations and ensure the long-term stability of the sector, Logos Press reported.

The National Bank of Moldova (NBM) is launching online information about the official exchange rate of the Moldovan leu. It will be accompanied by a digital signature confirming its authenticity, according to Logos Press.

The National Bank publishes the annual report “On Financial Stability”. The experts confirmed the resilience of the Moldovan financial system and its ability to support the real economy, while pointing out the systemic vulnerability to external threats, among which geopolitics and macroeconomics play a major role.

A threefold increase in any indicator in the banking market can hardly be considered an ordinary event. This also applies to the National Bank’s increase in the countercyclical capital buffer rate for exposures from loans in Moldova from 0.5% to 1.5% of the total value of the exposure to risk. This wording seems complicated to explain, but it is not difficult to understand.

A bill that hands the president of Moldova the final decision to recall the leadership of the National Bank has sparked controversy in parliament. Opposition MPs warned that the National Bank could now find itself outside the “orbit of the country and parliament”.

After the introduction of a state fee for filing appeals on public procurement, the number of appeals has increased, contrary to expectations, according to Logos Press.

Moldova’s monetary base in March decreased by 287.5 million lei (- 0.4%) compared to the previous month, amounting to 79.2 billion lei, Logos Press reported.