Corporate services

 INVESTMENT CREDITS

Investment credits are aimed at funding investment projects (for the formation or the acquisition of fixed assets or for the modernisation of the existent ones) and are characterized by large amounts extended for medium- and long-term.  

       Purpose………………………………………. Investment projects

       Term…………………………………………. 18 months and up

       Extended as…………………………………ordinary credit, credit line*

       Currency……………………………………..MDL, USD, EUR

      Insurance……………………………………..real estate, vehicle, equipment, securities, other guarantees accepted by the bank;

CREDITS FOR WORKING CAPITAL

Credits for the working capital are extended for funding the current needs of the customer (for daily activity performance, for covering daily expenses and gaps between payments and collections)

       Purpose…………….......................................funding of the working capital

       Term...............................................................short- and medium-term (up to 24 months)

       Extended as...................................................ordinary credit, credit line, revolving credit line**

       Currency…………………………………….MDL, USD, EUR

       Insurance……………………………………real estate, vehicle, equipment, pawn, securities, working tools, other guarantees accepted by the bank.

FIRST BUSINESS CREDIT

First Business Credit is aimed at newly founded enterprises and companies seeking to enter the business and achieve an ascendant dynamics of development.

       Purpose...........................................................supplementation of working tools, investment projects

       Maximum amount …………………….…… -700 000 lei for working tools  

                                                            -1 500 000 lei for investment purposes

       Term............................................. -up to 18 months for working tools  

                                                               -up to 36 months for investment purposes

       Extended as....................................................ordinary credit, credit line*

       Currency …………………………………...MDL, USD, EUR

       Insurance……………………………………liquid collateral (real estate, vehicle).

Advantages:

-          Grace period upon the payment of the principal amount of the extended credit;

-          Customer’s contribution may be equal to “zero” in the event of credit extension for working tools;

-          ”zero” commission upon the advance credit repayment;

-          Flexibility of the credit guarantee;

-          The bank provides free of charge consulting with reference to loan documents preparation;

-          Promptness in adopting the decision of credit extension.

  OVERDRAFT, OVERDRAFT FACILITY

Overdraft credit is extended to economic agents for a period of up to 30 days, for covering the gap from within the liquidity flow as a result of the delay in the collection of delivered goods, in the executed works or in the rendered services.

Overdraft facility is extended by the Bank to the customer for a pre-determined period of maximum 12 months, in the course of which the customer may benefit from overdraft credits (for a period of up to 30 days) up to the maximum limit with the purpose of urging the process of the overdraft credit extension

       Purpose..........................................................covering the temporary gap between collections and payments

       Term..............................................................up to 30 days (overdraft credit), up to 1 year (overdraft facility)

       Extended as………………………………..ordinary credit (overdraft credit), revolving credit line** (overdraft facility)

       Currency……………………………………MDL, USD, EUR

       Insurance……………………………………cession of the applicant’s cash collections.

* Credit line is extended in instalments up to the amount indicated in the loan agreement and each instalment is extended based on a payment document; the credit line is repaid in instalments at debtor’s discretion, upon the notification of the Bank or according to the repayment schedule. The credit line is considered to be fully repaid when the amount of the credit line equals to zero.

** Revolving credit line is a credit line, providing the possibility of carrying out more operations of credit disbursement and reimbursement within the limit of the maximum amount stipulated in the loan agreement. The advantage of the revolving credit line is the possibility offered to the debtor for the entire period of the loan agreement to disburse or reimburse partially or integrally the loan amount upon necessity.

BILL CREDITS

Bill credits are extended by the Bank to businesses for the payment of their debts to suppliers, due to the impossibility of honouring their obligations at a given period of time.

       Purpose......................................................... payment to suppliers for resources and goods delivered

       Term..............................................................short-term (3 – 12 months)

       Extended as....................................................by issuance of exchange bill.

DOCUMENTARY CREDITS

Bank guarantee represents a written commitment assumed by the Bank in favour of a person, to pay to this person an amount of money, in the event the person, on whose name the guarantee was issued, did not honour his/her obligations to the beneficiary of the bank guarantee.

  Purpose..........................................................domestic trade operations and export and import operations; participation in tenders of public acquisitions and in privatization processes; postponement of VAT payment at customs; advance payment guarantee, loan guarantee; guarantees for execution, etc.

        Term...............................................................according to the conditions stipulated in the contract.

DOCUMENTARY LETTER OF CREDIT

The documentary letter of credit represents a commitment of the Bank to perform on behalf and upon the request of the customer certain payments in favour of a third party (beneficiary) or to involve another bank to perform such payments.

       Purpose...........................................................import purchases  

       Term...............................................................according to the conditions stipulated in the contract.

GURANTEES AND DOCUMENTARY LETTERS OF CREDIT CONFIRMED BY FIRST-RANK BANKS

            Purpose...........................................................import-export trade operations                                    

Term................................................................up to 12 months, with the possibility to further prolongation

CREDITS EXTENDED BY INTERNATIONAL FINANCIAL ORGANIZATIONS

Rural Investments and Services Project, funded by the International Development Agency (IDA, RISP - 2)

·          Credits extension to individuals or businesses engaged in entrepreneurial activity in rural locations (except for Chişinău and Bălţi municipalities)

·          Maximum term – 15 years

·          Amount – up to USD 100.000  

Re-crediting from financial means of the Rural Investments and Services Project, funded by the International Development Agency (IDA, RISP - 2)

·          Credits extension to individuals or businesses engaged in the entrepreneurial activity in rural locations (except for Chişinău and Bălţi municipalities)

·          Maximum term – 15 years

·          Amount – up to USD 250.000

Re-crediting from financial means of the Rural Investments and Services Project, funded by the International Development Agency (IDA, RISP 1)

·          Credits extension to households, enterprises of agricultural production, processing, trade and services from rural locations (except for Chişinău and Bălţi municipalities)

·          Newly founded enterprises (special line)

·          Maximum term – 7 years

Perennial plantations – 15 years

·          Amount – general line  – USD 250 000

        – special line:  – individuals – MDL 125 000

           – group of persons – MDL 600 000

Credits extension from the resources of the International Fund for Agricultural Development for the implementation of the Project of Rural Funding and Small Enterprises Development, managed and montiored by the Credit Line Directorate (CLD -IFAD)    

·          Sub-loans to small and medium-sized agricultural enterprises of any organizational and legal type from all districts (except for Chişinău and Bălţi municipalities)

·          Maximum term – 5 years

Perennial plantations – 15 years

·          Maximum amount – USD 100 000

First project for the private sector development of the Credit Line Directorate by the Ministry of Finance (World Bank)                 

·          Credits extension to enterprises with private capital

·          Maximum amount – USD 2.5 million, the maximum amount may be extended in event of available resources within the project

·          Maximum term – 7 years.

Project of Agriculture Revitalisation (PAR) funded from IFAD – PAR resources                

·          Credits extension to small and medium-sized agricultural enterprises registered within the territorial administrative units of the Republic of Moldova, including Gagauz-Yeri territorial-administrative unit (TAU) (except for Chişinău and Bălţi municipalities)

·          Maximum amount – USD 30.000 for single founder enterprises and USD 100.000 for enetrprises with more founders.

·          Average term – 7 years

·          Maximum term – 15 years (for perennial plantations)

·          Grant element 20% – 30% depending on the loan term

·          Loans for the supplementation of the investment-related working capital will be extended for 2-year term and will constitute a maximum of 25% of the total investment cost

Rural Business Development Program (RBDP) funded from IFAD – 3 resources

·          Credits extension to rural small and medium-sized enterprises registered wihtin the territorial and administrative units of the Republic of Moldova, including Gagauz-Yeri TAU (except for Chişinău and Bălţi municipalities)

·          Maximum amount – USD 150.000

·          Maximum term – 15 years

·          Loans for the supplementation of the investment-related working capital will be extended for 2-year terms and will constitute a maximum of 25% of the loan amount

·          Beneficiary’s own participation – minimum 20% of the total investment value.

Re-crediting from financial means within the Loan Agreement, signed between Kreditanstalt fur Wiederaufbau (KfW), the Republic of Moldova and “Sudzucker Moldova” S.A. (JV)

·          Private enterprises of any organisational and legal type

·          Maximum term – 7 years

·          Maximum amount – equivalent in MDL of EUR 50.000. Credits are extended only in Moldovan lei.