1. Banking in Moldova Mrs. Cristina HAREA Deputy Governor
Moldova – Turkey Economic Forum
Istanbul, 23 March 2018

2. Macroeconomic situation
billion
USD %
Ministry of Economy
forecast
High catch up potential
Source: National Bureau of Statistics of the Republic of Moldova

3. Consumer Price Index (%)
Target: 5% ± 1.5 p.p.
Feb.
2018
2018 forecast: 3.7%
2019 forecast: 4.7%
Banking crisis

4. Moldovan currency stabilisation
EUR/MDL
USD/MDL
Banking crisis

5. Monetary conditions normalisation
Current Government formed
New Central Bank management
364-Days Bills
First IMF mission
3-Year Bonds
91-Days Bills
Banking crisis

6. EU-compliant LEGISLATION
Recent developments in the banking system
More powerful
CENTRAL BANK
EU-compliant LEGISLATION
More resilient
BANKING SECTOR
Enhanced independence
New technocrat management
New supervision tools
Central Securities Depository
Basel III rules (since 2018)
Payment services and e-money
Bank recovery and resolution
Anti-money laundering
Shareholders transparency
Better corporate governance
Control of related parties transactions
Increased Deposit Guarantee Fund

7.  Market access and FX regulation
Foreign investors may start banking activity by:
acquiring shares in an existing local bank;
creating a new local bank (e.g. a subsidiary);
establishing a branch of a foreign bank;
No limitations on market access, no discriminatory rules, but fit and proper certification is necessary for investors acquiring at least 1% of bank’s shares.
No restrictions on capital entering Moldova.
No restrictions on dividends & return of capital.
EU convergent rules in all fields.
START 
BASEL III

8. Commercial banks at a glance
TOTAL
ASSETS
$ 4.6 bil.

9. Commercial banks at a glance
2017
Market
share (%)
Assets (mil. USD)
Loans (mil. USD)
Net income (mil. USD)
ROA (%)
ROE (%)
MOLDOVA - AGROINDBANK
1297,87
640,22
26,79
2.19
12.93
MOLDINDCONBANK
886,14
372,84
21,27
2.46
17.83
VICTORIABANK
847,44
227,90
16,49
2.07
11.45
MOBIASBANCĂ
591,16
283,61
15,82
2.81
18.49
EXIMBANK
284,79
96,62
-3,91
-1.37
-5.21
PROCREDIT BANK
200,83
117,91
2,16
1.07
7.41
FINCOMBANK
173,69
75,97
2,13
1.30
8.18
ENERGBANK
156,38
52,50
3,18
2.08
9.44
BCR CHIŞINĂU
84,93
37,71
1,03
1.20
3.88
COMERŢBANK
83,29
31,56
1,05
1.35
5.52
EUROCREDITBANK
45,00
20,63
0,59
1.42
3.42
~ 43% of banking assets

10. Selected banking data PENETRATION LOAN SEGMENTS Assets/GDP SME
Deposits/GDP
Retail
Loans/GDP
Mortgage
LIQUIDITY
RETURNS
Loan/Deposit ratio (%)
Return
on equity
Net profit
NPL/
Loans
(RHS)
Short term liquidity ratio (%)
Return on assets
NB: GDP 2017 – forecast

11. Questions and answers Cristina HAREA Deputy Governor
Phone:
1 Grigore Vieru Avenue, MD-2005
Chisinau, Republic of Moldova