Moldindconbank S.A.

However, some experts accuse banks of parasitizing on the account of government securities instead of providing direct loans to the economy. What do you think of this? The economy and the state in Moldova are indivisible. The banks of Moldova are the main creditor of the state. In my opinion, by financing the state, we are financing the economy, through government priorities in different sectors. We can look at this issue from a different perspective, for example the Basel III regulations that prescribe the requirements for our liquidity. The bank's customers offer their funds mainly through current accounts and short-term deposits. Deposits on a term longer than a year and still in lei - this is an exception, not a rule. Demand for loans is mainly represented by loans for 3-5 years in the form of consumer loans and up to 25 years for mortgage loans. To comply with regulations, we must place a portion of our assets for shorter periods. And here there is an opportunity to buy government bonds - for 3, 6-12 months. This helps us balance our assets, both in terms of profit and liquidity, to protect our customers ' deposits from potential shocks. Can we see changes in the bank's credit strategy? Moldindconbank intends to remain an universal bank. Our desire is to preserve good practice, but to speed up the process of examining applications and lending. We are now looking for an opportunity to help agricultural enterprises extend the loan repayment term. It is also natural- if the farmer has collected only 50% of the crop, then he does not have the money to repay the loan in full. I can say here that there is a difference between banks in Moldova and those in the EU. In Europe, more and more profit is obtained from business with transactions, and here the main profit comes from the margin between deposits and loans. I mean the interest income. So far, we cannot change the rules and market demand. On the other hand, there is still a very high share of cash transactions in Moldova. In Europe, this is perceived as a negative phenomenon and there are fewer and fewer such operations. For example, in Bulgaria, the commission for withdrawing cash from a bank is equivalent to at least 30 lei and reaches up to 3% of the amount. But in Moldova there is a trend of increasing the share of cashless operations. Moldindconbank claims to be a leader in the cards sector. What are your arguments for that? Moldindconbank has been keeping the largest share of bankcards on the Moldovan market for 5 years. According to NBM data for the second quarter of 2020, there are more than 786,000 Moldindconbank cards on the market, which represents almost 38%. We also have the highest share by the number and volume of transactions made by our cards - 38% and 34%, respectively. These results are explained by the quality of our products, good services and accessibility. We have the largest network of cash-in ATMs in the country (80 units), which allow, first, to replenish cash accounts and at any time of the day..