THE BANKING

SYSTEM IN THE
REPUBLIC OF
MOLDOVA
THE BANKING SYSTEM REPRESENTS THE SET OF BANKS OPERATING
IN AN ECONOMY. SINCE ANCIENT TIMES, THERE HAS BEEN A NEED
TO ESTABLISH A BANK TO OFFER LOANS TO NATURAL AND LEGAL
PERSONS, TO PRESERVE THE SAVINGS OF THE POPULATION AND
ECONOMIC AGENTS. THE MARKET ECONOMY PRESUPPOSES THE
EXISTENCE OF A BANKING SYSTEM THAT ENSURES THE
MOBILIZATION OF THE MONETARY AVAILABILITY OF THE ECONOMY
AND THEIR ORIENTATION TOWARDS THE DEVELOPMENT OF EFFICIENT
ECONOMIC ACTIVITIES .
IN ESSENCE, THE BANK CAN BE DEFINED AS A FINANCIAL
INSTITUTION THAT MOBILIZES AVAILABLE FUNDS, FINANCES, CREDITS
NATURAL AND LEGAL PERSONS, AND ALSO ATTRACTS DEPOSITS OR
THEIR EQUIVALENTS, TRANSFERABLE THROUGH DIFFERENT PAYMENT
INSTRUMENTS, USING THESE MEANS IN WHOLE OR IN PART TO GRANT
LOANS OR TO MAKE INVESTMENTS ON YOUR OWN ACCOUNT AND
RISK.
 NATIONAL BANK OF MOLDOVA (BNM)
THE NATIONAL BANK OF MOLDOVA IS THE CENTRAL BANK OF THE
REPUBLIC OF MOLDOVA.THE
NATIONAL BANK OF MOLDOVA IS AN AUTONOMOUS PUBLIC LEGAL ENTITY
AND IS RESPONSIBLE TO THE
PARLIAMENT OF THE REPUBLIC OF MOLDOVA.THE NATIONAL BANK OF
MOLDOVA WAS ESTABLISHED BY
THE DECREE OF THE PRESIDENT OF THE REPUBLIC OF MOLDOVA ON JUNE 4,
1991, WITH THE
APPOINTMENT OF THE GOVERNOR - LEONID TALMACI. THE FUNDAMENTAL
OBJECTIVE OF THE
NATIONAL BANK OF MOLDOVA IS TO ENSURE AND MAINTAIN PRICE
STABILITY.
The NBM has the following basic attributions:

THE ESTABLISHMENT AND

IMPLEMENTATION OF MONETARY
AND CURRENCY POLICY IN THE STATE

THE ACTIVITY OF BANKER

AND FISCAL AGENT OF THE
STATE

LICENSING, SUPERVISION AND

REGULATION OF THE ACTIVITY
OF FINANCIAL INSTITUTIONS

SUPERVISING THE PAYMENT SYSTEM

IN THE REPUBLIC OF MOLDOVA AND
FACILITATING THE EFFICIENT
OPERATION OF THE INTERBANK
PAYMENT SYSTEM
 Commercial banks in the Republic of Moldova

The activity of banking institutions is regulated by

the Financial Institutions Law of 21.07.1995. The
NBM has the exclusive right to issue
authorizations, establish and change the
minimum capital for banks that are established.
The NBM establishes the following requirements
for granting the license:
Depositing the minimum required initial capital
(not less than 100 million lei);
Employment of specialists;
Signing a contract with an audit firm;
Renting or buying equipment necessary for
bankingactivity. If within 1 year it does not meet
these conditions, the preliminary approval is
cancelled. If the requirements are met, the NBM
issues the activity license, which is issued for an
indefinite period and is not transferable
Banks can carry out, within the limits of the license granted, the following

activities:

accepting deposits (payable on sight or on time, etc.) with or without interest;

granting credits (consumer and mortgage, factoring with or without right of recourse, financing commercial

transactions, issuing guarantees and sureties, etc.);

borrowing funds, buying or selling, on own account or on behalf of customers (except for the underwriting of

securities), of: instruments of the financial market (cheques, bills of exchange and certificates of deposit, etc.);

futures and financial options on securities and interest rates; interest rate instruments; securities;

issuing and administering payment instruments (credit or payment cards, traveler's checks, bank drafts, etc.);

buying and selling money (including foreign currency);

providing credit-related services;

transactions in foreign currency, including futures contracts for the sale of foreign currency;

providing fiduciary services (investing and managing fiduciary funds), keeping and managing securities and

other values, etc.;

provision of investment portfolio management services and provision of investment consultations;

subscription and placement of securities and shares, operations with shares;

any other activities or services, to the extent that they are limited to the financial field, permitted by the National

Bank.
THANKS FOR THE
ATTENTION!