Moldindconbank: Past – Present – Future!

Commercial Bank “Moldindconbank” JSC is one of the eldest and biggest bank from Moldova. The Bank began its activity on the 1st of July 1959 as a branch of the Stroibank from USSR, the basic duties of which were the financing of constructions of industrial objects, of energetic complex of enterprises, transport trunk roads.

On the 25th of October 1991, according to the decision of the Constituent Assembly, the bank had been reorganized into the Joint Stock Commercial Bank for Industry and Construction - CB “Moldindconbank” JSC. The reorganization represented not only the change of denomination and of the organizing-juridical structure, but and the significant increase of the rendered services for the purpose to transform the bank into a universal financial institution.

From the new history of the bank, we need to mention the last years. This period may be named the most productive and successful period for the CB “Moldindconbank” JSC, which had clearly defined a strategy of development, formed a professional team of managers and, what is the most important, increased the number of faithful bank costumers. During this period, the Bank was awarded different nominalizations and titles from the side of national and European organizations and magazines. Hereby, during the years 2003, 2004, 2006, 2007 the Bank was awarded the title of “The best taxpayer of the year”. In the same time, during the years 2003 and 2004, the European Bank of Reconstruction and Development nominated the bank as being the most active bank from the Republic of Moldova within the Trade Facilitation Program. In the year 2005 the Bank was awarded the title of “The best Bank from Moldova” by the magazine “The Banker”. In the year 2006, the magazine “Global Finance” offered to the title of the best bank from Moldova in the category of the best bank on the market from the Central and East Europe.

Today the CB “Moldindconbank” JSC is one of the biggest bank from the Republic of Moldova with an infrastructure well developed and with a high reputation on the international financial market. At the moment, the bank renders the entire range of banking services by means of its network of subdivisions on the territory of Moldova. The bank keeps correspondence relations with the world level banks, and in the same time collaborates with such international financial institutions as International Financial Corporation, World Bank, and other funds of international development, which allow the bank to attract long term financial resources.

For the future, the CB “Moldindconbank” JSC shall continue the direction of development as an universal bank, offering to the customers corporative products (inclusive crediting of little and medium business) and the direction of retail. The prior strategy of the bank in the conditions of the current year shall be the maintaining of a satisfactory level of liquidity, increase of its presence on the market and promotion of new products designated for little and medium business as well as for physical persons.

Chronology

  • 2011

    October 25
    Black Sea Bank for Trade and Development (BSTDB) is strengthening its partnership with BC "Moldindconbank" to support SME development in Moldova.

    October 25
    CB „Moldindconbank” JSC celebrates 20 years since the founding of the bank as a joint stock company.

    September 16
    CB “Moldindconbank” JSC has launched a new money transfer system - MoneyGram

    June 23
    European Bank for Reconstruction and Development (EBRD) finances small business in Moldova.

    June 06
    Banks Association of Moldova has been decorated more employees of CB „Moldindconbank” JSC.

    June 02
    CB „Moldindconbank” JSC has been awarded the gold certificate "The Gold Standard for Quality".

    May 15
    CB „Moldindconbank” JSC has received a diploma for "Dynamic Development".

  • 2010

    November 18
    Dutch Monetary Fund (FMO) provides $ 15 million for "BC Moldindconbank" SA

    June 26
    European Bank for Reconstruction and Development (EBRD) completed the first energy efficiency loan to Moldova - EUR 6 million for BC "Moldindconbank"

  • 2009

    November 17
    Signing of a new Credit Line Agreement with European Bank for Reconstruction and Development (EBRD) for small and medium businesses in Moldova

    July 01
    CB „Moldindconbank” JSC celebrates 50 years from bank foundation

    September 15
    Citibank offered to the CB “Moldindconbank” JSC the prize of quality recognizing for the years 2008/2009

  • 2008

    October 22-24
    CB „Moldindconbank” JSC organizes the sixth Interbank Conference from Chisinau

  • 2007

    September 11-13
    CB „Moldindconbank” JSC organizes the fifth Interbank Conference from Chisinau

     
    CB „Moldindconbank” JSC had been denominated as “The best taxpayer of the year 2007” within the national tender

  • 2006

    March
    CB „Moldindconbank” JSC received the diploma of “The best taxpayer” within the national tender

    May
    The American financial magazine “Global Finance” denominated the CB „Moldindconbank” JSC as “The best bank from Moldova” in the category of “The best banks on the developing markets in the region of the Central and East Europe”

    October 19 -20
    CB „Moldindconbank” JSC organizes the forth Interbank Conference from Chisinau

    October 25
    CB „Moldindconbank” JSC celebrates 15 years from the date of bank foundation as Joint Stock Company

  • 2005

     Implementation of the banking automated system „Bank On-Line”

    October 20 – 21
    CB „Moldindconbank” JSC organized the third Interbank Conference from Chisinau

     
    The magazine „The Banker” from Great Britain offered to the bank the title of “Bank of the year 2005” from Moldova

     
    American financial magazine „Global Finance” denominated the CB „Moldindconbank” JSC as “The best bank from Moldova” in the category of “The best banks on the developing markets in the region of the Central and East Europe”

  • 2004

    February 17
    signing the III-rd Credit Line Agreement with International Finance Corporation

    March 12
    Moldindconbank awarded as „The best taxpayer of the Year”

    Aprilie 23
    Moldindconbank is nominated by the European Bank for reconstruction and Development (EBRD) as „The Most Active Issuing Bank under the Trade Facility Program (TFP) in Moldova in 2003”

    September 22
    The Second Chisinau Interbank Conference organized by Moldindconbank, related to stock exchange market development and international securities markets

    December 20
    Signing of the Credit Line Agreement with European Bank for Reconstruction and Development (EBRD)

  • 2003

    March 17
    Implementation of new service for Moldindconbank cardholders – electronic statement of the card account through Internet network

    April 09
    Launching of the new product for legal entities and individuals – Bill of exchange

    April 14
    implementation of a new distant system of clients service by Internet network – „Internet-Bank”

    May 23
    implementation of a new system of clients service through telephone network – „Telebanking”

    August 22
    Implementation of new service – recover of the WATT amount for goods bought in foreign countries, through TAX FREE checks of the Global Refund Company

    September 19
    The Firsth Interbank Conference organized by „Moldindconbank”, dedicated to the issues of international stock markets and investments development

    September 25
    Signing of the Guarantee Agreement between Moldindconbank and United States Agency for International Development (USAID)

  • 2002

    May
    CB “Moldindconbank” JSC had been chosen as operator of credit for houses construction, accorded by the World Bank to the municipal mortgage agency AMIC.

    September
    CB “Moldindconbank” JSC initiated the crediting of the farms, at the rate of 16%, within the project of the World Bank “Rural Financing”.

  • 2001

    January 30
    In USA (Washington), between the CB “Moldindconbank” JSC and International Financial Corporation (IFC), member of the World Bank group (World Bank), had been concluded 2 agreements:

    • Regarding opening of a new line of credit, according to which, a part of the IFC resources could be converted ulterior into shares of the CB “Moldindconbank” JSC;
    • regarding the technical assistance.

    October 25
    CB “Moldindconbank” JSC celebrated 10 years of efficient activity on the banking market of the Republic of Moldova from the date of the bank foundation as a Joint Stock Company.

     
    In the hotel “National” had been installed the first ATM of the CB “Moldindconbank” JSC, which operates the international cards Cirrus/Maestro, Mastercard/Eurocard and Mastercard/Business in non stop regime.

  • 2000

    March
    CB “Moldindconbank” JSC commercializes and collects circular cheques “American Express”.

    April
    CB “Moldindconbank” JSC became one of the founders of the sole center of MoldMediaCard processing.

     
    CB “Moldindconbank” JSC finished the implementation of the new informational system “Customer-Bank”, which allows the carrying out of banking operations in regime of real time (on-line) by usage of “Internet” network.

     
    It had been finished the implementation in the Bank branches of the most automated progressive banking system RS-Bank, which allows to keep the accounting and to perform operations using the newest technologies in regime of real time.

     
    The Bank signed the agreement with the International Company – American Express Services Europe LTD regarding the issue of American Express cards. CB “Moldindconbank” JSC is the sole bank from the Republic of Moldova which has the right to commercialize the American Express cards.

     
    Union of Architects from Moldova awarded the diploma of superior degree for the best construction in the year 2000 to the architect D. Kulikov and engineer A. Modilin for design and construction of the office of the CB “Moldindconbank” JSC branch from municipality of Causeni

    October
    CB “Moldindconbank” JSC had been accepted in the international system Europay, what accords it the right to issue and serve the international cards Maestro and Mastercard. The Bank launched on the market a new product – cards of the international system of payment Europay Mastercard and Maestro.

  • 1999

     CB ”Moldindconbank” JSC began the operation of the credit line World Bank within the project of private development

     
    CB ”Moldindconbank” JSC began the implementation of the system of accounts monitoring at distance „Customer - Bank”

  • 1996

    March 1
    CB “Moldindconbank” JSC had been included in the International System of Financial Information Exchange S.W.I.F.T

    July 2
    THE Bank uses the system REUTERS in its activity.

     
    The architect V. Modircă received the state prize of the Republic of Moldova for design of the central office of the CB “Moldindconbank” JSC (38 Armeneasca Street).

  • 1995

    February 7
    The Bank becomes the member of the Stock Exchange from Moldova.

     
    CB “Moldindconbank” JSC becomes the first bank from the Republic of Moldova which concluded an agreement-cadre with AKA AUSFUHRKREDIT GESELLSCHAFT G.M.B.H from Germany (Frankfurt).

  • 1994

    May 12
    CB “Moldindconbank” JSC becomes the founder and member of the Currency Interbank Exchange.

  • 1992

    January 14
    The Bank received the general License no. 21 of the NBM for implementation of the entire volume of banking operations.

  • 1991

    October 25
    CB “Moldindconbank” JSC had been constituted on the base of the State Republican Bank for Industry and Constructions.

  • 1987

    December 1
    The Bank had been reorganized into the Moldavian Republican Bank of the Promstroibank from RSSU, attributing supplementary functions of services rendering.

  • 1959

    April 7
    According to the Decision of the Supreme Council Presidium of RSSU and in consequence to the merging of more banks had been founded the union Bank “Stroibank”, within the Ministry of Finance of RSSU, with a ramified network of branches in all the union republics of RSSU.

    July 1
    The Bank initiated the activity as branch of the Bank “Stroibank” of RSSU, with an effective of 40 employees. The first president of the Bank was Alexandru Bolşakov.