Everything about the financial system. Corruption Beyond the Public Sector
Everything about the financial system. Corruption Beyond the Public Sector

Author(s): Dumitru Pîntea
Subject(s): Business Economy / Management, Financial Markets, Public Finances, Corruption - Transparency - Anti-Corruption
Published by: EXPERT-GRUP Centrul Analitic Independent
Keywords: financial systems; Corruption; Public Sector; banking sector;
Summary/Abstract: With the aim of mobilizing available resources from depositors and orienting them towards investors, banks have a decisive role in supporting and developing the economic environment. In the absence of a developed capital market, Moldovan banks remain one of the most important source of funding the national economy, providing funds both for private companies' businesses and individuals’ projects. The importance of this sector for the economy is revealed by the volume of loans granted - over MDL 32 billion at the end of 2017 or 20% of the country's GDP. Moreover, banks are also an important source of funding for Government, providing permanently about MDL 7 billion to cover the domestic Government debt. On the other hand, being practically the only financial instrument for savings, domestic banks keep about MDL 60 billion as savings from households and companies, by 20% more than the resources accumulated into the national public budget during one year.

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