About the bank

The essential pre-requisites, such as rather new economic reforms implemented in our country and the increasing necessity in financial resources led to extension of banking services in order to satisfy the clients’ needs. The fast development of banking system role sets forth new requirements for the existing banks, including “Moldindconbank” S.A.

As a private commercial bank, BC “Moldindconbank” S.A.strengthened its position on the banking market and continue to optimise its assets and liabilities structure, develope and diversify the number of clients, and up-grade the service system. Today BC “Moldindconbank” S.A. acts as an universal commercial bank providing an entire package of banking services. The Bank developed a large diversified branche network within the country as well as correspondent relations with banks in Europe, America and Asia.

The main principles featuring the bank’s strategy for its today activity are:

• Universality;
• Loyalty;
• Social responsibility;
• International level development;
• Complex service in any office;
• Permanent implementation of high technology;
• Maintenance of the risks monitoring adequate system;
• High profitability level of the activity.

In the medium-term perspective it will be implemented the policy of successive bank development with a more faceted network of profit-making branches, focused on the rendering of all-major banking products and services.

The most valuable capital of the Bank is its customers. Today “Moldindconbank” SA renders services to the majority of construction organizations in the Republic, transport enterprises, the state organizations, agricultural enterprises, processing undertakings, big private industry and trade companies, individuals.

“Moldindconbank” SA offers to its clients a wide range of financial services the main of which are:

• Opening and maintaining of banking multi-currency accounts;
• Money transfer worldwide via prompt money transfer systems Western Union, RUS-Express, VMT, STRADA ITALIA as well as via correspondent accounts network using the S.W.I.F.T. system;
• Issuance and operations of Master Card and American Express cards;
• Documentary operations on the basis of import-export contracts;
• Issuance of American Express nominal and travel cheques,
• Consulting in investment activity;
• Brokerage services on the securities market and Forex market;
• Electronic banking services: “Internet-Banking”, “Telebanking”, “Client – Bank”, electronic account statement;
• Bills of Exchange issuance;
• Investment activity services;
• Lending in national currency and foreign exchange currency including lending within the credit lines of international financial organizations;
• Financing and insurance of export-import operations;
• Receiving of large spectrum of deposits from legal entities and individuals;
• Depositing of values in safe cells.

“Moldindconbank” S.A. has been expanding its collaboration with overseas partners in diverse areas of financial activity. The Bank successfully effects financing of commercial projects in terms of the credit lines of Citibank N.A., and Comerzbank, Frankfurt. Since 1999 “Moldindconbank” S.A. has commenced utilization of World Bank credit line aimed at private sector development. In 2000 the Bank adhered to the Europay system and began to issue Cirrus/Maestro and MasterCards. In 2001 was opened the credit line from IFC (International Financial Corporation). BC "Moldindconbank" S.A. intensified its collaboration with such foreign banks as Citibank, Commerzbank, Dreznerbank, Rabobank, Interbanka, Eximbank (Washington). Also the Bank initiated negotiations with many other international financial institutions.

The bank staff represents a fusion of experience and youth that enables the bank to fulfill efficiently the tasks it faces. Many of the bank specialists obtained additional training in leading banking and financial institutions of Europe and America.

Recognizing its responsibility for the future of Moldova, “Moldindconbank” SA contributes greatly to maintaining and developing of the intellectual and cultural potential of the country. A good tradition of the bank represents the financial support of the national theater “Mihai Eminescu”, charity organization “Clipa Siderala”.

The bank strategic business-plan focuses on the next perspective objectives:

1. Developing of new types of services: development of new forms of lending (real estate lending, lending on the security of land and others) international factoring, treasury products, development of new ways of attracting customer funds as well as improving of services quality aiming at meeting customer demands and maximizing the bank profit;
2. Optimization of the bank structure;
3. Maximize the service’s quality on the client relationships management basis;
4. Business process redesign
5. Further diversification of the bank assets and advancing of assets and liabilities management structure targeted at minimizing risks;
6. Implementation of complex programs of lending to trade and export-import activities;
7. Optimization of the bank expenses and enhancement of operations profitability with the aim of efficiency growth of shareholders’ equity;
8. Fostering of further collaboration with International Financial Institutions;
9. Development of electronic services: Internet-Banking, Telebanking, card operations;
10. Development of high banking technologies;
11. Optimization of the branch network, including abroad Moldova.

The prosperity of BC “Moldindconbank” S.A. is based on 3 main determinative: fidelity of our clients, the support of shareholders and the staff professionalism. Best banking traditions, high professional level of bank employees, continuous development of modern technologies and banking services allows the bank to maintain its strong position on the Moldavian financial market and to keep the image as a trustworthy partner.