of February 25, 1998 No. 1555-XIII
About Development bank and investments of Moldova
The parliament adopts this law.
(1) Development bank and investments of Moldova (further - Bank) is legal entity with the status of joint-stock company which capital completely belongs to the state.
(2) the Bank Location - municipium of Chisinau. The bank has no departments and branches.
(3) the Bank name in the Moldavian language: "Banca pentru Dezvoltare si Investitii and Moldovei - S.A.", reduced - B. D. I. M.
(4) the Bank performs the activities according to the legislation. In cases when provisions of regulations contradict this law, the regulations provided by it are applied.
(1) the Bank grants the loans for the purpose of assistance to more dynamic economic development of the Republic of Moldova, in particular by means of investments promotes support of the sector of the small and medium companies, development of infrastructure of the country, expansion of export, privatization of the state companies, reconstruction and updating of housing, environmental improvement.
(2) Carrying out specified in part (1) function, Bank after forming of the authorized capital in the amount of, provided by part (1) Articles 4, can render paid consulting services and based on the solution of the Supervisory board to provide guarantees.
(3) the Bank performs also other activities in the country and abroad, connected with accomplishment of the functions provided by parts (1) and (2): purchases and sells bills, securities, can undertake obligations by means of bills of exchange.
(4) Bank has no right to accept deposits, to service current accounts and to operate with securities for others.
(5) Activities of Bank cannot be limited to instructions and orders of bodies of the public power.
The charter of Bank is drafted by its executive committee together with the Supervisory board and affirms the Government.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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