1. Market & Moldavian Banking System Presentation OLGA BEJENARU, IDIS “VIITORUL”, REPUBLIC OF MOLDOVA 12/12/2011

2. General presentation of the country & of the economy Country  Area: 33.843,5 sq.km.  Capital: Chisinau  Population (2010): 3,6 million inhabitants  Outside the country: 600 th. officially; 1.000 th. unofficially  Local currency: Moldovan leu (MDL)  Official language: Romanian  Used language: Romanian and Russian Economy Presentation of Moldova 2010Jan-Jun.2011 GDP$5,8 bn$3,1 bn GDP/cap$1.614$860 Remittances/GDP21,5%20,7% Growth rate6,9%7,5% Inflation rate7,4%5% Average monthly salary MDL 2.972 (€181)MDL 3.102 (€187)

3. Banking system presentation The Central Bank  «National Bank of Moldova»  Founded in 1991  Regulates and supervises the banking sector, determines the monetary, credit and foreign exchange policies  Bancarisation rate: 30% The commercial banks  15 registered banks  1 with state capital: Banca de Economii – 56,13%  4 representatives of foreign banks: MBSG (France – Groupe Societe Generale, Eximbank (Italy – Gruppo Veneto Banca), ProCreditBank (ProCredit Holding AG & Co. KGaA - Germany), BCR (Erste Group, Austria) Banking system

4. Banking system main features LENDING  no foreign currency loans to individuals  CLICOM credits in foreign currency limited for importing & exporting companies  limits for a single borrower (15% of equity)  limits for total exposures to an affiliated person/s (10% of normative capital)  limits of net exposures to an affiliated person/s (15% of normative capital)  amount of net debts to loans given to 10 borrowers (including group of people acting in common) - not more than 30% of bank total loan portfolio  mandatory checking in Credit Bureau of all credit files (otherwise, the credit should be considered as risky with 30% provisions) PROVISIONS  systematic constitution of a provision of 2% in the disbursement of any credit  provision rules that do not take into account the value of collateral ADMINISTRATIVE  bureaucracy and centralization at the level of National Bank (reporting, approval of directors etc)  no practice of bank consortium (risk sharing)  banks are rather well capitalized PRODUCTS  basic products but technologically advanced in monetique and remote banking Banking system: regulatory environment

5. Banking system presentation Banking System as of 01/10/2011 Bank Assets 1.Oct.2011 EUR Mios/Share Loans 1.Oct.2011 EUR Mios/Share Loss Reserves 1.Oct.2011 EUR Mios/Share Deposits 1.Oct.2011 EUR Mios/Share Liquid Assets 1.Oct.2011 EUR Mios/Share Points of sale 1.Oct.2011 No/Share ATMs 1. Oct.2011 No/Share 1Moldova-Agroindbank 570,0 / 20,06%379,9 / 21,36%25,3 / 22,05%376,4 / 19,36%173,5 / 19,28%88 / 7,32%126 / 16,56% 2Victoriabank 474,0 / 16,68%285,9 / 16,07%18,0 / 15,67%398,4 / 20,49%178,6 / 19,85%97 / 8,07%123 / 16,16% 3Moldindconbank 369,0 / 12,99%248,3 / 13,96%14,5 / 12,63%268,7 / 13,82%104,9 / 11,66%92 / 7,65%86 / 11,30% 4Banca de Economii 347,5 / 12,23%179,5 / 10,09%10,4 / 9,02%256,0 / 13,17%108,9 / 12,10%547 / 45,51%101 / 13,27% 5Eximbank 215,0 / 7,56%158,9 / 8,93%18,3 / 15,99%119,0 / 6,12%51,8 / 5,76%35 / 2,91%71 / 9,33% 6Banca Socială 191,0 / 6,72%141,5 / 7,96%8,4 / 7,31%124,5 / 6,40%46,1 / 5,12%67 / 5,57%35 / 4,60% 7Mobiasbancă 184,2 / 6,48%98,0 / 5,51%3,8 / 3.295125,4 / 6,45%77,3 / 8,58%46 / 3,83%60 / 7,88% 8ProCredit Bank 107,9 / 3,80%81,6 / 4,59%2,5 / 2,22%27,9 / 1,43%25,1 / 2,79%24 / 2,00%26 / 3,42% 9FinComBank 102,6 / 3,61%53,6 / 3,01%3,0 / 2,61%64,4 / 3,31%36,3 / 4,04%44 / 3,66%49 / 6,44% 10Energbank 92,0 / 3,24%54,1 / 3,04%3,5 / 3,02%66,9 / 3,44%29,3 / 3,25%69 / 5,74%18 / 2,31% 11BCR 73,4 / 2,58%40,3 / 2,27%3,5 / 3,02%49,3 / 2,54%22,5 / 2,50%4 / 0,33%39 / 5,12% 1212Comerţbank 31,1 / 1,10%16,6 / 0,93%0,6 / 0,50%19,0 / 0,98%12,4 / 1,38%7 / 0,58%5 / 0,66% 1313Unibank 30,9 / 1,09%14,2 / 0,80%1,2 / 1,02%18,8 / 0,97%14,6 / 1,62%34 / 2,83%21 / 2,76% 14EuroCreditBank 26,8 / 0,94%10,7 / 0,60%0,4 / 0,37%14,8 / 0,76%13,1 / 1,45%40 / 3,33%1 / 0,13% 15Universalbank 26,3 / 0,93%15,5 / 0,87%1,5 / 1,27%15,0 / 0,77%5,7 / 0,63%8 / 0,67%- TOTAL 2.841,7 / 100%1.778,6 / 100%114,9 / 100%1.944,5 / 100%900,1 / 100%1.202 / 100%761 / 100%

6. Competition competition Offer on the market as at 01/10/2011 VISA cardsYES Internet BankingYES On-line bills paymentsYES Chip CardsYES Balance inquiry in other banks (domestic and international) YES Loyalty programmYES (VICB only) Picture cardYES (MAIB only) Card issuance period, average total days 2-9 days POS to merchantsYES ATM bills paymentYES (VICB only) e-commerce YES (VICB, MAIB only)

7. MasterCard / VISA as at 30/09/2011 card market Total number of cards in Moldova885.852 No of Visa Cards in Moldova535.642 No of MasterCards in Moldova314.583 Share of MasterCard in total banking cards37% Share of VISA in total banking cards63%

8. Thank you! Olga Bejenaru e-mail: obejenaru@yahoo.com