 will continue, in this year as well, to prudently supervise the activities of licensed banks to keep them resilient and stable. This is happening as the domestic banking system concluded the year 2023 with good financial results, with banks maintaining all prudential indicators within regulated limits.){kind=link}
The National Bank of Moldova (BNM) will continue, this year as well, to prudently supervise the activities of licensed banks to keep them resilient and stable. This is happening as the domestic banking system concluded the year 2023 with good financial results, with banks maintaining all prudential indicators within regulated limits.
Therefore, the priorities set for 2024 relate to corporate governance, credit risk, interest rate risk associated with non-trading portfolio activities, analysis, assessment, and resolution of vulnerabilities in payment and settlement systems, as well as payment services. It also includes efforts to prevent and combat money laundering and terrorism financing, and the efficient identification and management of risks associated with information and communication technologies.
In this regard, throughout 2024, the National Bank will continue evaluating the assurance of proper risk control and the existence of an independent and efficient decision-making process. Additionally, the BNM will continue activities to identify and assess new risks associated with the evolution of financial technologies and jurisdictions vulnerable to money laundering or evasion of international sanctions. Ongoing supervision will also monitor the evolution of credits granted to individuals, taking into consideration their growth.
FOR THE MOSTÂ IMPORTANT NEWS, FOLLOW US ONÂ TWITTER!
The supervisory efforts of the National Bank will focus on actions taken in the context of the digitization trends of payment services and the modernization of the interbank automated payment system, as well as the upcoming implementation of instant payments. Moreover, the BNM will ensure oversight in the ICT field to enhance the resilience of banks and provide adequate protection against cyber threats and attacks.
During the past year, there was a moderation in the intensity of challenges facing banks, but they have not disappeared entirely.
In 2023, the core concerns of the National Bank of Moldova in the field of banking supervision focused on the efficient management of the effects of the war in Ukraine, as well as those caused by inflation.
Thus, despite negative external factors, the indicators of the banking sector remained within regulated limits, reflecting the resilience of the sector as a result of reforms in recent years.