RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of June 17, 2026 No. 143

About introduction of amendments to the Resolution of Executive committee of National Bank of Moldova No. 112/2018 on approval of Regulations about the technicians of decrease in credit risk used by banks

Based on Art. 67 of the Law on activities of banks No. 202/2017 (Official monitor of the Republic of Moldova, 2017, No. 434-439, Art. 727), Executive committee of National Bank of Moldova

DECIDES:

This resolution partially shifts (part (1) the item 60a, 74a, 111, of Art. 192 of item 5 shifts the Art. 4; Art. 193 (7); Art. 197 (5), (6); Art. 199 (1) - (7); Art. 201 (2); Art. 204 (3); Art. 204a; Art. 209-211; Art. 212 (2); Art. 221 (1) - (7); Art. 229 (1) - (3); Art. 230-232 (1) - (3); Art. 234; the Art. 235a-236a) Regulations No. 575/2013 of the European parliament and Council of June 26, 2013 about prudential requirements to credit institutions and investment societies and about modification of Regulations (EU) No. 648/2012, of the European Union published in the Official magazine of L 176 of June 27, 2013, CELEX: 32013R0575, with the last changes made by Regulations (EU) 2025/1215 European parliament and Council of June 17, 2025.

1. In the Resolution of Executive committee of National Bank of Moldova No. 112/2018 on approval of Regulations on the technicians of decrease in credit risk used by banks (The official monitor of the Republic of Moldova, 2018, No. 183-194, of the Art. 902), registered in the Ministry of Justice of the Republic of Moldova at No. 1329/2018, to make the following changes:

1.1. In formula of harmonization of the resolution:

1.1.1. to replace the text of "The law on National Bank of Moldova No. 548-XIII of July 21, 1995" with the text of "Law No. 548/1995", and to exclude the words "and amendments";

1.1.2. to replace the text of "The law on activities of banks No. 202 of October 6, 2017" with the text of "Law No. 202/2017", and the word "amendments" to exclude.

1.2. To state formula of harmonization in the following edition:

"These regulations restack the Art. 4 part (1) the item 57-60a, 74a, 82, 83, 111; Art. 192-207 and Art. 209-239 of Regulations No. 575/2013 of the European parliament and council of June 26, 2013 about prudential requirements to credit institutions and investment societies and about modification of Regulations (EU) No. 648/2012, of the European Union published in the Official magazine of L 176 of June 27, 2013, CELEX: 32013R0575, with the last changes made by Regulations (EU) 2025/1215 European parliament and Council of June 17, 2025.".

1.3. In Item 3:

1.3.1. the text "The law on activities of banks No. 202 of October 6, 2017. (The official monitor of the Republic of Moldova, 2017, No. 434-439, Article 727)" to replace with the text "The law on activities of banks No. 202/2017 (further – the Law No. 202/2017);

1.3.2. it is in alphabetical order supplemented with the terms "the approach consisting in replacement of parameters of risk on the basis of the advanced approach based on internal rating models (A-IRB)", "physical gold", "the credit line item provided with the residential real estate", "the credit line item provided with commercial real estate", "the credit line item provided with the real estate" "real estate value", with the following content:

"the approach consisting in replacement of parameters of risk on the basis of the advanced approach based on internal rating models (A-IRB) - replacement, according to Items 11613-11617, of parameters of risk of probability of non-return (PD) and loss in case of non-return (LGD) relating to basic line item on corresponding to PD and LGD which would be appropriated within the approach based on internal rating models (further - IRB approach), with use of own estimates of LGD, comparable direct exposure before the supplier of protection

physical gold - gold as primary good, including gold whetstones, ingots and coins which usually are accepted in the market of precious metals where there are liquid markets of precious metals and which cost is determined by the cost of the gold containing in them determined by test and weight, but not numismatical value;

"the exposure provided with real estate", or "exposure, provided with mortgage on real estate", or "the exposure provided with real providing in the form of real estate" - the exposure provided residential or commercial real estate;

"the exposure provided with commercial real estate" or "exposure, provided with mortgage on commercial real estate" - the exposure provided with commercial real estate;

"the exposure provided with the residential real estate" or "exposure, provided with mortgage on the residential real estate" - the exposure provided with the residential real estate;

real estate value - the cost of residential or commercial real estate object determined according to Items 1071-1073.";

1.3.3. "transactions of marginal crediting", "the marginal agreement (margin agreement)" and "marginal threshold (margin threshold)" to exclude concepts.

1.4. State item 4 in the following edition:

"In case of risk line item to which the bank applies the standardized approach based on Regulations on assessment of credit risk to banks according to the standardized approach, the Executive committee of National Bank of Moldova No. 111/2018 approved by the Resolution (further - the Provision No. 111/2018) or approach of IRB based on the regulation of the National Bank of Moldova concerning accounting of credit risk according to the approach based on internal rating models, but without using at the same time own estimates of LGD, the bank can resort to decrease in credit risk according to this Provision when calculating of the values of risk line items weighed on risk in value of Item 132 of subitems 1) and 7) of the Regulations on own means of banks and requirements to the capital approved by the Resolution of Executive committee of National Bank of Moldova No. 109/2018 (further - the Provision 109/2018) and, in appropriate cases, the amounts of foreseeable losses for the purposes of Item 30 of the subitem 31) and Item 96 of the subitem 4) the specified provision.".

1.5. Add with Items 4-1-4-2 of the following content:

"4-1. In case of exposure to which the bank applies approach of IRB with use of own estimates of LGD the bank can consider effect of the financed protection of the credit according to the regulation of National Bank of Moldova about the relation to credit risk according to the approach based on the internal rating models, when calculating weighed on risk of values of podverzhennost and, in appropriate cases, the amounts of foreseeable losses for the purpose of Item 30 of the subitem 31) and Item 96 of the subitem 4) of Regulations No. 109/2018.

4-2. If the bank applies IRB approach, using own estimates of LGD both for initial exposure, and for comparable direct podverzhennost before the supplier of protection, the bank can consider effect of non-financial protection of the credit according to the regulation of National Bank of Moldova about the relation to credit risk according to the approach based on the internal rating models, when calculating weighed on risk of the amounts of podverzhennost and, in appropriate cases, the amounts of foreseeable losses for the purposes of Regulations No. 109/2018. In all other cases for these purposes the bank can consider effect of non-financial protection of the credit when calculating of the amounts of podverzhennost and the amounts of foreseeable losses weighed on risk according to these regulations.".

1.6. In Item 6 after the text of "Regulations No. 111/2018" to add with the text "or the regulation of National Bank of Moldova about the relation to credit risk according to the approach based on internal rating models depending on circumstances,".

1.7. In Item 7:

1.7.1. after the words "according to the standardized approach" to add with the words "and calculation of the amounts of podverzhennost and the amounts of foreseeable losses weighed on risk according to IRB approach";

1.7.2. "and VI" to exclude the text;

1.8. In Items 9 and 10 after words of "V sluchaye, esli bank" to add with the text" which calculates the amounts of podverzhennost weighed on risk according to the standardized approach,".

1.9. Add with Item 10-1 of the following content:

"10-1. The real guarantees answering to all eligibility criterions provided by these regulations can be acknowledged even in case of the podverzhennost connected with unused credit lines if use of credit line is caused by acquisition or obtaining, in advance or at the same time, providing in the amount of share of bank in providing after use of credit line so the bank has no rights to providing until the credit line is not used.".

1.10. In Item 12 the text "written and reasonable independent legal opinion" to replace with the text "the latest version of the independent legal conclusion constituted in writing and supported with reasons, used by bank".

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