Preparing Moldova's banking sector to meet the co-financing needs in the framework of EU accession preparations is crucial - Anca Dragu
Governor of the National Bank of Moldova (NBM) stated this during a meeting with a delegation of the Moldovan Bankers League led by Dumitru Ursu. According to the National Bank, the main topic of the dialog was “The role of the banker in the modern society”. The following topics were discussed during the meeting: the European integration process, the impact of the monetary policy on keeping inflation within the target corridor, financial education, digitization and development of the capital market, the importance of international cooperation. The NBM Governor said that improving the access to financing for the private sector is an important task. According to her, the National Bank seeks to implement the necessary measures to expand financial intermediation, thus facilitating the access of companies and citizens to the financial resources needed for development. “Preparing the banking sector to meet the co-financing requirements of EU pre-accession financing is crucial. Meeting the European financing requirements will contribute not only to Moldova's eligibility for these funds, but also to our gradual integration into the EU economic standards,” Anca Dragu added. Another important topic of the dialog was the support for entrepreneurs and small and medium-sized businesses, which will contribute to Moldova's economic development. The head of the National Bank recalled that the NBM gradually reduced the base rate to 3.6 per cent per annum. At the same time, in order to further support the process of crediting the private sector, since the beginning of the year, the National Bank has reduced the norms of mandatory reserves by 6 p.p. for funds attracted in lei (MDL) - from 33% to 27%, as well as the norms of mandatory reserves for funds attracted in foreign currency by 7 p.p., from 43% to 36%. Anca Dragu added that, in order to achieve these goals, it is necessary to join efforts in the financial education sector, in order to ensure a better understanding of financial services and banking products by the public. The Moldovan Bankers League is a non-governmental, apolitical and non-profit public association founded on March 12, 2013. Its mission is to promote and strengthen the role of the banking industry in the national economy, as well as to support the image and professional dignity of the banker in the society. // 11.11.2024 - InfoMarket.
