logo for Moldindconbank S.A.

Moldindconbank S.A.

Finance · Moldova · 1,287 Employees

View Company Info for Free

About

Headquarters

38 Armeneasca St, Chisinau, Chisinau, Moldova

Phone Number

+373 22576782

Revenue

$57.8 Million

Industry

Finance General Finance

Recent News & Media

No recent news or media

Who is 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 ...Read more

Moldindconbank S.A.'s Social MediaPopular SearchesBC Moldindconbank SABC MoldindconbankMoldindconbankBC" Moldindconbank" SABC "Moldindconbank" SA filiala din or RiscaniSIC Code 60,602NAICS Code 52,522Show more

Moldindconbank S.A. Org Chart

Nicbit Nic

Group Chief Executive Officer

PhoneEmail
Mikhail Topchin

Deputy Chief Operating Officer

PhoneEmail
Maria Soltan

Chief Financial Officer

PhoneEmail

PhoneEmail

Moldindconbank S.A. Tech Stack

A closer look at the technologies used by Moldindconbank S.A.

Frequently Asked Questions regarding Moldindconbank S.A.

Where is Moldindconbank S.A. located?
Moldindconbank S.A.'s headquarters are located at 38 Armeneasca St, Chisinau, Chisinau, Moldova
What is Moldindconbank S.A.'s phone number?
Moldindconbank S.A.'s phone number is +373 22576782
What is Moldindconbank S.A.'s official website?
Moldindconbank S.A.'s official website is www.micb.md
What is Moldindconbank S.A.'s Revenue?
Moldindconbank S.A.'s revenue is $57.8 Million
What is Moldindconbank S.A.'s SIC code?
Moldindconbank S.A.'s SIC: 60,602
What is Moldindconbank S.A.'s NAICS code?
Moldindconbank S.A.'s NAICS: 52,522
How many employees does Moldindconbank S.A. have?
Moldindconbank S.A. has 1,287 employees
What industry does Moldindconbank S.A. belong to?
Moldindconbank S.A. is in the industry of: Finance General, Finance
What technology does Moldindconbank S.A. use?
Some of the popular technologies that Moldindconbank S.A. uses are: Cookiebot, Zendesk Help Desk, jsDelivr, WordPress.org
Who is the CEO of Moldindconbank S.A.?
Moldindconbank S.A.'s CEO is Nicbit Nic
Who is the CFO of Moldindconbank S.A.?
Moldindconbank S.A.'s CFO is Andrei Suruceanu
How do I contact Moldindconbank S.A.?
Moldindconbank S.A. contact info: Phone number: +373 22576782 Website: www.micb.md
What does Moldindconbank S.A. do?

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, th... rough 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 ...Read More

What are Moldindconbank S.A. social media links?
Moldindconbank S.A. Linkedin page Moldindconbank S.A. Twitter page Moldindconbank S.A. Facebook page
Is Moldindconbank S.A. a public company?
Moldindconbank S.A. is private company therefore does not currently have an official ticker symbol
See more information about Moldindconbank S.A.

Get Started with ZoomInfo

Register for free

Sign Up for Free

Get started for free! No credit card needed. Enjoy up to 25 free contacts each month at no cost.
Elevate your prospecting to the next level

Supercharge Your Prospecting

Search ZoomInfo's database of 106M+ companies and 140M+ professionals to find your next lead.
Expand your business

Grow Your Business

Reveal both personal and business contact details, including emails and phone numbers, and close your most valuable buyers.