REGULATIONS OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of September 18, 1996 No. 43

About provision of the credits by banks to the workers No. 33/09-01

I. Basis

These regulations are developed according to the powers of National Bank of Moldova provided by articles 31 and 40 of the Law on financial institutions.

II. Limits of the issued credits

The bank can grant the loans to the workers in the following limits:

1. To employees of bank who are affiliates of bank according to the definition given in Rules about the transactions of bank with persons affiliated to it approved by the Resolution of Administrative board of National Bank of Moldova No. 240 of December 9, 2013 (Monitorul Oficial al Republicii Moldova, 2014, 97), with subsequent changes and amendments, are issued to No. 17-23, of the Art. the credits on the conditions provided by these regulations.

2. To other employees of bank:

a) for urgent needs - the total amount of the counterdrawn-up credits shall not exceed... 20 (twenty) monthly tariff salaries (rates, salaries) (according to the definition given in article 2 of the Law on compensation) to limit of 200 thousand lei;

b) for real estate investments - the total amount of the counterdrawn-up credits shall not exceed... 100 (hundred) monthly tariff salaries (rates, salaries).

3. In case of loan granting to the individual the bank shall consider general length of service in bank system and in this bank in particular, the importance of division in which the applicant for the credit and its contribution to accomplishment of the tasks set for bank works.

4. The interest rate for granted loans is established according to the internal regulations approved by council of the bank.

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