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Ministry of Justice

Republic of Moldova

On December 1, 2011 No. 856

RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of October 27, 2011 No. 231

About approval of Regulations about classification of assets and contingent obligations  

(as amended on 01-10-2015)

Based on the Art. 5, 11, 44 Laws No. 548-XIII of July 21, 1995 on National Bank of Moldova (The official monitor of the Republic of Moldova, 1995, No. 56-57, of the Art. 624), with subsequent changes and amendments, and the Art. 25, 28, 33, 40 Laws on financial institutions No. 550-XIII of July 21, 1995 (repeated publication: The official monitor of the Republic of Moldova, 2011, Art. No. 78-81, 199), with subsequent changes and amendments, DECIDES: Administrative board of National Bank of Moldova

1. Approve Regulations about classification of assets and contingent obligations, according to appendix No. 1.

2. Recognize invalid some regulations of National Bank of Moldova according to appendix No. 2.

3. To banks in three-months time from the date of entry into force of this resolution to bring the activities into accord with the regulations provisions specified in Item 1 to this resolution.

4. The assets which are written off at the expense of discounts for losses will be classified by assets which as of December 31, 2011 were reflected in off-balance accounts along with their recovery in the balance sheet in category "hopeless".

5. This resolution is published in the Official monitor of the Republic of Moldova and will become effective since January 1, 2012.

Chairman of Administrative board of National Bank

Doreen Dregutsana

Appendix No. 1

to the Resolution of National Bank of the Republic of Moldova of October 27, 2011 No. 231

Regulations about classification of assets and contingent obligations

I. Scope of application and basic concepts

1. The regulations about classification of assets and contingent obligations (further - Regulations) are applied by banks in case of classification and calculation of size of discounts for losses for the assets and contingent obligations of bank subject to credit risk, namely:

1) on the following assets:

a) accounts of "Nostro" in banks (including the means representing reserves for calculation with international payment systems);

b) placements in banks (including placements overnight which did not exceed the repayment period specified in the legal act signed between the parties, the means representing reserves for calculation with international payment systems);

c) the securities which are stored to the term of their repayment;

d) equity in the capital;

e) the credits (including the placements overnight which exceeded repayment period specified in the legal act signed between the parties, the factoring, bills of exchange, accounting bills of exchange, credit cards resolved temporary overdrafts, financing of commercial transactions, agreements of REPO, placement - guarantees in banks, receivables on financial leasing and other direct substitutes of the credit (assets with the properties similar to the credits on which the risk assessment is performed similar to the credits);

f) receivables on the capital investments and intangible assets;

g) receivables connected with documentary calculations;

h) receivables connected with settlings with physical persons and legal entities;

i) the assets (values) transferred in ownership / the debts acquired instead of return;

j) percent and other amounts calculated and reflected in financial accounting of bank which shall be received;

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