market & moldavian banking system presentation olga bejenaru, idis “viitorul”, republic of...
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Market & Moldavian Banking System
Presentation
OLGA BEJENARU,
IDIS “VIITORUL”,
REPUBLIC OF MOLDOVA
12/12/2011
General presentation of the country & of the economyCountry
Area: 33.843,5 sq.km. Capital: Chisinau Population (2010): 3,6 million inhabitants Outside the country: 600 th. officially; 1.000 th.
unofficially Local currency: Moldovan leu (MDL) Official language: Romanian Used language: Romanian and Russian
Economy
Presentation of MoldovaPresentation of Moldova
2010 Jan-Jun.2011
GDP $5,8 bn $3,1 bn
GDP/cap $1.614 $860
Remittances/GDP 21,5% 20,7%
Growth rate 6,9% 7,5%
Inflation rate 7,4% 5%
Average monthly salary
MDL 2.972 (€181)
MDL 3.102 (€187)
Banking system presentation
The Central Bank «National Bank of Moldova» Founded in 1991 Regulates and supervises the banking
sector, determines the monetary, credit and foreign exchange policies
Bancarisation rate: 30%
The commercial banks 15 registered banks 1 with state capital: Banca de Economii –
56,13% 4 representatives of foreign banks: MBSG
(France – Groupe Societe Generale, Eximbank (Italy – Gruppo Veneto Banca), ProCreditBank (ProCredit Holding AG & Co. KGaA - Germany), BCR (Erste Group, Austria)
Banking systemBanking system
Banking system main features
LENDING no foreign currency loans to individuals CLICOM credits in foreign currency limited for importing & exporting companies limits for a single borrower (15% of equity) limits for total exposures to an affiliated person/s (10% of normative capital) limits of net exposures to an affiliated person/s (15% of normative capital) amount of net debts to loans given to 10 borrowers (including group of people acting in common) - not more than 30% of bank total loan
portfolio mandatory checking in Credit Bureau of all credit files (otherwise, the credit should be considered as risky with 30% provisions)
PROVISIONS systematic constitution of a provision of 2% in the disbursement of any credit provision rules that do not take into account the value of collateral
ADMINISTRATIVE bureaucracy and centralization at the level of National Bank (reporting, approval of directors etc) no practice of bank consortium (risk sharing) banks are rather well capitalized
PRODUCTS basic products but technologically advanced in monetique and remote banking
Banking system: regulatory environmentBanking system: regulatory environment
Banking system presentation
Banking System as of 01/10/2011Banking System as of 01/10/2011
Bank
Assets 1.Oct.2011EUR Mios/Share
Loans 1.Oct.2011EUR Mios/Share
Loss Reserves 1.Oct.2011EUR Mios/Share
Deposits 1.Oct.2011EUR Mios/Share
Liquid Assets 1.Oct.2011EUR Mios/Share
Points of sale1.Oct.2011No/Share
ATMs1. Oct.2011No/Share
1 Moldova-Agroindbank570,0 / 20,06% 379,9 / 21,36% 25,3 / 22,05% 376,4 / 19,36% 173,5 / 19,28% 88 / 7,32% 126 /
16,56%
2 Victoriabank474,0 / 16,68% 285,9 / 16,07% 18,0 / 15,67% 398,4 / 20,49% 178,6 / 19,85% 97 / 8,07% 123 /
16,16%
3 Moldindconbank 369,0 / 12,99% 248,3 / 13,96% 14,5 / 12,63% 268,7 / 13,82% 104,9 / 11,66% 92 / 7,65% 86 / 11,30%
4 Banca de Economii347,5 / 12,23% 179,5 / 10,09% 10,4 / 9,02% 256,0 / 13,17% 108,9 / 12,10% 547 / 45,51% 101 /
13,27%
5 Eximbank 215,0 / 7,56% 158,9 / 8,93% 18,3 / 15,99% 119,0 / 6,12% 51,8 / 5,76% 35 / 2,91% 71 / 9,33%
6 Banca Socială 191,0 / 6,72% 141,5 / 7,96% 8,4 / 7,31% 124,5 / 6,40% 46,1 / 5,12% 67 / 5,57% 35 / 4,60%
7 Mobiasbancă 184,2 / 6,48% 98,0 / 5,51% 3,8 / 3.295 125,4 / 6,45% 77,3 / 8,58% 46 / 3,83% 60 / 7,88%
8 ProCredit Bank 107,9 / 3,80% 81,6 / 4,59% 2,5 / 2,22% 27,9 / 1,43% 25,1 / 2,79% 24 / 2,00% 26 / 3,42%
9 FinComBank 102,6 / 3,61% 53,6 / 3,01% 3,0 / 2,61% 64,4 / 3,31% 36,3 / 4,04% 44 / 3,66% 49 / 6,44%
10 Energbank 92,0 / 3,24% 54,1 / 3,04% 3,5 / 3,02% 66,9 / 3,44% 29,3 / 3,25% 69 / 5,74% 18 / 2,31%
11 BCR 73,4 / 2,58% 40,3 / 2,27% 3,5 / 3,02% 49,3 / 2,54% 22,5 / 2,50% 4 / 0,33% 39 / 5,12%
12 Comerţbank 31,1 / 1,10% 16,6 / 0,93% 0,6 / 0,50% 19,0 / 0,98% 12,4 / 1,38% 7 / 0,58% 5 / 0,66%
13 Unibank 30,9 / 1,09% 14,2 / 0,80% 1,2 / 1,02% 18,8 / 0,97% 14,6 / 1,62% 34 / 2,83% 21 / 2,76%
14 EuroCreditBank 26,8 / 0,94% 10,7 / 0,60% 0,4 / 0,37% 14,8 / 0,76% 13,1 / 1,45% 40 / 3,33% 1 / 0,13%
15 Universalbank 26,3 / 0,93% 15,5 / 0,87% 1,5 / 1,27% 15,0 / 0,77% 5,7 / 0,63% 8 / 0,67% -
TOTAL 2.841,7 / 100% 1.778,6 / 100% 114,9 / 100% 1.944,5 / 100% 900,1 / 100% 1.202 / 100% 761 / 100%
Competition competition
competition
Offer on the market as at 01/10/2011
VISA cards YES
Internet Banking YES
On-line bills payments YES
Chip Cards YES
Balance inquiry in other banks (domestic and international)
YES
Loyalty programm YES (VICB only)
Picture card YES (MAIB only)
Card issuance period, average total days
2-9 days
POS to merchants YES
ATM bills payment YES (VICB only)
e-commerceYES (VICB, MAIB
only)
MasterCard / VISA as at 30/09/2011
card market card market
Total number of cards in Moldova 885.852
No of Visa Cards in Moldova 535.642
No of MasterCards in Moldova 314.583
Share of MasterCard in total banking cards 37%
Share of VISA in total banking cards 63%
