Loans to households and businesses in the Republic of Moldova grew strongly in 2025, while the banking sector remained stable, according to the European Commission’s assessment presented by the National Bank of Moldova (NBM). The 2026 report, published on 4 November 2026, recommends continuing to align financial legislation with European Union rules.
What does the assessment say about loans and banks?
Lending growth among households and businesses in 2025 was supported by favourable financing conditions and policies to promote investment, according to the report described by the NBM. During the same period, the level of non-performing loans remained relatively low.
The banking sector is assessed as stable and well-capitalised, with strong liquidity reserves. The NBM presents these findings as part of the European Commission’s annual assessment of the Republic of Moldova.
Where does the report find convergence with EU rules?
National legislation on payment services is largely aligned with the European Payment Services Directive (PSD2), according to the assessment cited by the NBM. The report also highlights the benefits of the Republic of Moldova’s accession to the Single Euro Payments Area (SEPA).
The Republic of Moldova continued measures to liberalise capital outflows. The report also notes the alignment of some regulations on banking, financial market infrastructure, sustainable finance and digital finance with EU legislation.
What recommendations remain to be implemented?
The European Commission recommends continuing to align legislation on central bank independence, while noting substantial progress in this area and in the governance of the NBM. Other recommendations concern bank recovery and resolution, deposit guarantee schemes and insurance.
The report on the Republic of Moldova is part of the European Commission’s annual Enlargement Package. The assessment covers progress over the past 12 months, the level of preparedness for accession and recommended priorities for continuing reforms.
Sources
- Banca Națională a Moldovei — Raportul Comisiei Europene privind Republica Moldova: sistemul financiar național devine tot mai pregătit pentru aderare la UE
Written with AI assistance from the official sources above and checked by the editors.
What we checked (4 claims and their sources)
Every figure, date and name in the article, with the official source it comes from (in Romanian). The check against sources is automatic, before editor approval.
- Raportul anual al Comisiei Europene privind Republica Moldova pentru 2026 a fost publicat pe 4 noiembrie 2026. — Banca Națională a Moldovei
- Creditarea gospodăriilor și a întreprinderilor a înregistrat o creștere puternică în 2025, potrivit evaluării prezentate de BNM. — Banca Națională a Moldovei
- Legislația națională privind plățile este în mare parte aliniată la Directiva europeană privind serviciile de plată (PSD2), potrivit raportului. — Banca Națională a Moldovei
- Raportul reflectă progresele înregistrate în ultimele 12 luni și nivelul de pregătire pentru aderarea la UE. — Banca Națională a Moldovei
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