RESOLUTION OF ADMINISTRATIVE BOARD OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of December 22, 2011 No. 304

About approval of the Instruction about the reporting under the interest rates applied by banks of the Republic of Moldova

According to articles 11 and 72 of the Law No. 548-XIII of July 21, 1995 on National Bank of Moldova (The official monitor of the Republic of Moldova, 1995, No. 5657, the Art. 624), with subsequent changes and amendments, and according to Articles 33, 37, 40 Laws on financial institutions No. 550-XIII of July 21, 1995 (repeated publication: The official monitor of the Republic of Moldova, 2011, No. 78-81, the Art. 199), with subsequent changes and amendments, Administrative board of National Bank Moldova DECIDES:

1. Approve the Instruction about the reporting under the interest rates applied by banks of the Republic of Moldova (according to appendix).

2. Cancel the Instruction about procedure for creation and submission of reports on average interest rates on the credits and the attracted deposits of banks approved by the Resolution of Administrative board of National Bank of Moldova No. 156 of June 25, 2009 (The official monitor of the Republic of Moldova, 2009, No. 107-109, the Art. 504).

3. This resolution is published in the Official monitor of the Republic of Moldova and becomes effective since July 1, 2012.

Appendix

Approved by the Resolution of Administrative board of National Bank of Moldova of December 22, 2011 No. 304

The instruction about the reporting under the interest rates applied by banks of the Republic of Moldova

Chapter I General provisions

1. In this instruction the following determinations are used:

1) Residents - persons determined in article 3 Item 9) of the Law on currency control No. 62-XVI of March 21, 2008.

2) the Legal entity - matters, provided in Art. 55 of the Civil code of the Republic of Moldova No. 1107 of June 6, 2002.

3) Non-financial commercial societies with dominance of the state capital - determination is stated in the subitem 3) and) Item 3 of the Instruction on procedure for creation and submission by licensed banks of the Report on the cash statistics approved by the Resolution of Administrative board of National Bank of Moldova No. 255 of November 17, 2011.

4) Non-financial commercial societies with dominance of private equity - determination is stated in the subitem 3) to b) Item 3 of the Instruction on procedure for creation and submission by licensed banks of the Report on cash statistics.

The Financial non-bank sector includes 5): insurance companies, non-state pension funds and other financial intermediaries which include the microfinancial organizations, saving and loan associations, investment funds, the companies of financial leasing and other auxiliary financial units - financial institutions whose activities are connected with financial intermediation, but which do not function as financial intermediaries (according to the subitem 1) c) of Item 3 of the Instruction on procedure for creation and submission by licensed banks of the Report on cash statistics).

Non-profit organizations include 6): labor unions, political parties, religious, cultural and sports associations, etc.

7) Other sectors include physical persons, and also physical persons who are engaged in individual activities.

8) Physical persons matter, provided in Art. 17 of the Civil code of the Republic of Moldova.

9) the Physical persons who are engaged in individual activities - the physical persons who are engaged in individual and other type of activity (according to the Chart of accounts of financial accounting in licensed banks of the Republic of Moldova approved by Administrative board of National Bank of Moldova No. 15 of March 26 1997).

10) the Credit - any obligation about lending of money with condition of their repayment, interest payment and other related payments; any prolongation of repayment period of debt; any guarantees, and also any obligations to acquire debt obligation or other rights to implementation of payments (according to Art. 3 of the Law on financial institutions, No. 550-XIII of July 21 1995).

11) the Credits for the real estate - the credits issued to physical persons on real estate acquisition/construction (according to the Chart of accounts of financial accounting in licensed banks of the Republic of Moldova).

12) Consumer loans - the credits issued to physical persons on household expenses, other family and personal expenses (according to the Chart of accounts of financial accounting in banks of the Republic of Moldova).

13) the Other credits - the credits issued by banks to physical persons, except for listed in subitems 11) and 12) of Item 1.

14) the Deposit - made money, which:

a) are subject to return in time or poste restante, with percent either without them, or in any other form or on the conditions established jointly by the depositor (investor) or person authorized by it and the bank accepting money;

b) do not treat subordinated debts, the property right or rendering services, including insurance services;

c) prove to be true or are not confirmed by any record, any receipt, any reference or other document of the bank accepting money (according to Art. 3 of the Law on financial institutions).

15) Again issued credits / the placed deposits:

a) again issued credits / to the attracted deposits treat:

the credits issued / the deposits attracted with banks during the accounting period;

the credits issued / the deposits attracted with banks in previous periods which interest rates or criteria of establishment of interest rates were changed between bank and the client during the accounting period;

b) do not treat again issued/attracted deposits:

the credits issued / the deposits attracted with banks in previous periods which contracts are prolonged automatically, without active intervention of the client of bank as change of terms and terms of the contract, including interest rate realignments;

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