Commercial banks and the banking system of the Republic of Moldova.

The banking system in Moldova as an independent state began to take shape in 1993. It consists of two levels: the National Bank of Moldova and commercial banks.

National Bank of Moldova.
The National Bank shall regulate in the area of capital adequacy and risk establishes minimum capital for all commercial banks registered in the country. Capital Moldovan banks formed in part from domestic investors and funds from foreign sources of investment. Most major banks in Moldova - the four former State Bank, privatized in 1994-95. Who owns about 54% of banking assets.
The National Bank of Moldova is the central bank of the Republic of Moldova and exercises its attributions as a legal, public, autonomous person responsible to the Parliament. The fundamental objective of the National Bank is the maintenance and the ensuring of prices stability.
The National Bank cooperates with the Government with a view to achieving its objectives and, pursuant to the law, undertakes the necessary measures to implement such collaboration. The National Bank periodically informs the public on the macroeconomic analysis results, the financial market dynamics and statistical information, including on money supply, the balance of payments and the situation within the foreign exchange market.
The National Bank is not subject to registration in the State Register of enterprises, or in the State Register of organizations.
The National Bank is independent in exercising its attributions established by the Law on the National Bank of Moldova and neither requires, nor receives, according to the same law, instructions from public authorities or from any other authority.
In order to achieve its attributions, the National Bank has the right to issue decisions, regulations, instructions and orders. The normative acts of the National Bank, which are compulsory for financial institutions and other legal and physical persons are published in the Official Monitor of the Republic of Moldova and come into force either on the date of their publication, or on another date stipulated in the text of the respective normative act, provided that the public is informed accordingly.
Banking system.
In 1991, in accordance with the legislation, a two-level banking system was formed. Within this system the National Bank of Moldova acts as central bank, but it is not involved in commercial banking. In June and July 1995 the Parliament adopted two Laws on the National Bank of Moldova and on Financial Institutions.
These laws provide stipulations meant to strengthen the NBM role in working out and implementing the monetary and foreign exchange policies and to ensure a stable and sustainable financial system.
The National Bank is responsible for the authorization, the supervision and the regulation of financial institutions’ activity. These attributions are exercised taking into account the Core Principles of Basel Committee for an efficient banking supervision.
The licenses, including for transactions with significant interests held within the banks’ capital, are issued only in case the National Bank is fully convinced that the authorized persons will display a stable financial situation and will activate in compliance with the legal prudential requirements, including the requirements related to the qualification, the experience and the reputation of their administrators and owners.
The prudential regulation determines the maximum indices and the positions to be observed by banks with reference to their assets, risk-weighted assets, off-balance articles and various capital and reserves categories. Banks are obliged to harmonize the terms and the interests on assets and liabilities, not to surpass the unsecured positions in foreign currency, to maintain liquid resources within the required limits referred to the value of assets or of liabilities.
The internal control systems of the banks are targeted towards the protection of the interests of depositors, shareholders and customers by ensuring the observance of the enforced laws, the regulation of the conflicts of interest, the thorough use of incomes for profits increase, conducting authorized expenditures according to their destination, adequate protection of assets, correct entering of liabilities and mitigation of risks.
The observance by banks of prudential requirements and the evaluation of risks related to their activity is monitored both within on-site and off-site controls. The National Bank of Moldova is vested with substantial rights through the enforced legislation to intervene in the banks’ activity for remedial purposes.
 
National Currency.
The monetary unit of the Republic of Moldova is the Moldovan Leu, which is the only legal tender on the territory of the Republic of Moldova. The National Bank has the exclusive right to put into /withdraw from circulation bank notes and metal coins of Moldovan Lei.
Monetary policy.
The National Bank of Moldova establishes and implements the monetary and foreign exchange policies.
Following the approval of Law no. 191-XVI of 30.06.2006 on the modification of Law no. 548-XIII of 21.07.1995 on the National Bank of Moldova, the fundamental objective is the maintenance and the ensuring of prices stability.
At the same time, without prejudice to its fundamental objective, the National Bank promotes and maintains a financial system based on market principles and supports the general economy policy of the Government.
In order to achieve its fundamental objective, the National Bank of Moldova uses a wide range of available indirect instruments of monetary and foreign exchange policy, including: SS selling-buying operations and reverse REPO agreements; Lombard facilities, required reserves; NBM base rates, issuance of the National Bank Certificates, deposits acceptance from banks and others.
Foreign exchange policy
The National Bank of Moldova maintains a floating exchange rate regime and sets out the official exchange rate of Moldovan leu as against US$ based on exchange rates leading in the domestic foreign exchange market.
In this context, the National Bank of Moldova shall be entitled to conduct foreign exchange interventions with a view to recessing the excess fluctuations of the official exchange rate and to building up the international foreign exchange reserves. Direct interventions in the domestic foreign exchange market, including forward transactions, as well as swap reversible foreign exchange operations are used as foreign exchange policy instruments.
Within the framework of foreign exchange policy implementation the National Bank of Moldova endeavors to maintain the international reserves at an acceptable level for covering three months or so of imports and promotes a prudent foreign exchange policy, consistent with the fundamental objective of ensuring and maintaining the price stability along with the placement of the state's international reserves into investment instruments complying with the security and liquidity criteria.

List of authorized banks of the Republic of Moldova:

  • Banca Comerciala „COMERTBANK” S.A.
  • BANCA COMERCIALA „BANCA SOCIALA” S.A.
  • Banca Comerciala „VICTORIABANK” S.A.
  • Banca Comerciala „MOLDOVA - AGROINDBANK” S.A.
  • Banca Comerciala „Moldindconbank” S.A.
  • Societatea pe Actiuni Banca de Economii
  • Banca Comerciala „EuroCreditBank” S.A.
  • Banca Comerciala „UNIBANK” S.A.
  • Banca de Finante si Comert S.A.
  • Banca Comerciala „ENERGBANK” S.A.
  • Banca Comerciala „ProCredit Bank” S.A.
  • Banca Comerciala Romana Chisinau S.A.
  • Joint Stock Commercial Bank „EXIMBANK - Gruppo Veneto Banca”
  • Commercial Bank „MOBIASBANCA - Groupe Societe Generale” S.A.

Bank name Banca Comerciala „COMERTBANK” S.A.
(B.C. „COMERTBANK” S.A.)
President Serghei Cartasov
Vice President Alexandru RADU
Phone 0 22 839839
Fax 0 22 839840
Telex 163145 TRADE MD
SWIFT CMTB MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.comertbank.md
Address 1/1, Independentei Street, Chisinau, MD-2043, Republic of Moldova
Date of entry in the register of authorized banks 11.09.1991

Bank name BANCA COMERCIALA „BANCA SOCIALA” S.A.
(BC „BANCA SOCIALA” S.A.)
President According to the Decision of the Council of Administration of the National Bank of Moldova no. 253 from 30.11.2014 the rights and obligations of the President are exercised by the special administrator Matei Dohotaru
Vice President Liudmila Matveeva, Svetlana Focsa - the rights and obligations of the administrators are suspended by the Decision of the Council of Administration of the National Bank of Moldova no. 253 from 30.11.2014 and exercised by the special administrator Matei Dohotaru
Phone 0 22 22-14-94, 0 22 22-14-81
Fax 0 22 22-42-30
Telex 163265 BANSO MD
SWIFT BSOC MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.socbank.md
Address 61, Mitropolit G. Banulescu-Bodoni Street, Chisinau, MD-2005, Republic of Moldova
Date of entry in the register of authorized banks 11.09.1991

Bank name Banca Comerciala „VICTORIABANK” S.A.
(B.C. „VICTORIABANK” S.A.)
President Natalia Politov-Cangas
Vice President Corneliu Ghimpu, Ludmila Vangheli, Elena Goncear
Phone 0 22 57-61-00
Fax 0 22 23-45-33
Telex 163188 BCAVMD
SWIFT VICB MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.victoriabank.md
Address 141, 31 August 1989 Street, Chisinau, MD-2004,Republic of Moldova
Date of entry in the register of authorized banks 12.09.1991

Bank name Banca Comerciala „MOLDOVA - AGROINDBANK” S.A.
(BC „MOLDOVA - AGROINDBANK” S.A.)
President Serghei Cebotari
Vice President Marcel Teleuca, Leonid Bejenari, Victor Iuras, Oleg Paingu, Cristina Doros
Phone 0 22 22-27-70, 0 22 24-46-49
Fax 0 22 22-80-58
Telex 163263 AGRO MD
SWIFT AGRN MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.maib.md
Address 9, Cosmonautilor Street, Chisinau, MD-2006, Republic of Moldova
Date of entry in the register of authorized banks 12.09.1991

Bank name Banca Comerciala „Moldindconbank” S.A.
(BC „Moldindconbank” S.A.)
President Leonid Talmaci
Vice President Vitalie Groza, Alexandru Sveriniuc, Igor Stratan, Victor Domenti
Phone 0 22 57-67-82
Fax 0 22 27-91-95
Telex 163228 Incon MD
SWIFT MOLD MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.moldindconbank.com/
Address 38, Armeneasca Street, Chisinau, MD-2012, Republic of Moldova
Date of entry in the register of authorized banks 15.11.1991

Bank name Societatea pe Actiuni Banca de Economii
(Banca de Economii S.A.)
President According to the Decision of the Council of Administration of the National Bank of Moldova no. 248 from 27.11.2014 the rights and obligations of the President are exercised by the special administrator Ion Ropot
Vice President Corina Burlacu, Sergiu Sahanovschi, Dmitrii Predius - the rights and obligations of the administrators are suspended by the Decision of the Council of Administration of the National Bank of Moldova no. 248 from 27.11.2014 and exercised by the special administrator Ion Ropot
Phone 0 22 21-80-05
Fax 0 22 21-80-06
Telex 163275 BECO MD
SWIFT BECO MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.bem.md/
Address 115, Columna Street, Chisinau, MD-2012, Republic of Moldova
Date of entry in the register of authorized banks 08.04.1992

Bank name Banca Comerciala „EuroCreditBank” S.A.
(BC „EuroCreditBank” S.A.)
President Oleg Holban
Vice President Iurie Cataraga, Dumitru Lupan
Phone 0 22 50-01-01, 0 22 50-02-22
Fax 0 22 54-88-27
Telex 163278 ECBMD MD
SWIFT ECBMMD2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.ecb.md
Address 33, Ismail Street, Chisinau, MD-2001, Republic of Moldova
Date of entry in the register of authorized banks 30.09.1992

Bank name Banca Comerciala „UNIBANK” S.A.
(B.C. „UNIBANK” S.A.)
President Dumitru Tugulschi - the rights and obligations of the administrator are suspended by the Decision of the Council of Administration of the National Bank of Moldova no. 296 from 30.12.2014 and exercised by the special administrator Ruslan Grate
Vice President Ghenadie Cernei, Victoria Hvorostovscaia - the rights and obligations of the administrator are suspended by the Decision of the Council of Administration of the National Bank of Moldova no. 296 from 30.12.2014 and exercised by the special administrator Ruslan Grate
Phone 0 22 25-38-01
Fax 0 22 22-05-30
Telex 163260 UNIP MD
SWIFT JSCUMD2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.unibank.md
Address 45, Banulescu Bodoni Street, Chisinau, MD-2012, Republic of Moldova
Date of entry in the register of authorized banks 19.01.1993

Bank name „Banca de Finante si Comert” S.A.
(„FinComBank” S.A.)
President Victor Hvorostovschii
Vice President Iurie Salamaha, Larisa Rudenco
Phone 0 22 26-99-00
Fax 0 22 23-73-08
Telex 163294BFCMD
SWIFT FTMD MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.fincombank.com/
Address 26, Puskin A. Street, Chisinau, MD-2012, Republic of Moldova
Date of entry in the register of authorized banks 01.07.1993

Bank name Banca Comerciala „ENERGBANK” S.A.
(B.C. „ENERGBANK” S.A.)
President Iurii Vasilachi
Vice President Pavel Cusnir
Phone 0 22 54-43-77
Fax 0 22 85-80-80
Telex 163247 ENBNK MD
SWIFT ENEG MD 22
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.energbank.com
Address 23/3, Tighina Street, Chisinau, MD-2001, Republic of Moldova
Date of entry in the register of authorized banks 16.01.1997

Bank name Banca Comerciala „ProCredit Bank” S.A.
(B.C. „ProCredit Bank” S.A.)
President Vladislav Garbu
Vice President Evgenia Gashikulina, Natalia Osadcii, Serghei Ilin, Andrei Zainulin
Phone 0 22 836401, 0 22 836404
Fax 0 22 273488
Telex
SWIFT PRCB MD 22
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.procreditbank.md
Address 65, Stefan cel Mare si Sfint Ave.,office 901, MD-2012, Republic of Moldova
Date of entry in the register of authorized banks 17.12.2007

Bank name Banca Comerciala Romana Chisinau S.A.
(BCR Chisinau S.A)
President Juan Luis Martin Ortigosa
Vice President
Phone 0 22 265000
Fax 0 22 265002
Telex 163160 BCRMD MD
SWIFT RNCB MD 2X
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.bcr.md
Address 60/2, Puskin A. Street, MD-2005, Chisinau
Date of entry in the register of authorized banks 22.10.1998

Bank name Joint Stock Commercial Bank „EXIMBANK - Gruppo Veneto Banca”
(JSCB „EXIMBANK - Gruppo Veneto Banca”)
President Lucio Luigi Gaita
Vice President Alfredo Anzani, Vitalie Bucataru
Phone 0 22 301102
Fax 0 22 601611
Telex 163111 EXIM MD
SWIFT EXMM MD22
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.eximbank.com/
Address 171/1, Stefan cel Mare si Sfint Ave, Chisinau, MD-2004, Republic of Moldova
Date of entry in the register of authorized banks 29.04.1994

Bank name Commercial Bank „MOBIASBANCA - Groupe Societe Generale” S.A.
(CB „MOBIASBANCA - Groupe Societe Generale” S.A.)
President Ridha Tekaїa
Vice President Nicolae Dorin
Phone 0 22 25 64 56
Fax 0 22 54-19-74
Telex 163152 GRANT MD
SWIFT MOBB MD 22
E-Mail This email address is being protected from spambots. You need JavaScript enabled to view it.
WWW http://www.mobiasbanca.md
Address 81a, Stefan cel Mare si Sfint Ave, Chisinau, MD-2012, Republic of Moldova
Date of entry in the register of authorized banks 12.09.1991

 

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