Veaceslav LUCHIANENCO: "MOGO hopes for dialogue and balanced decisions of the regulator when the NBCOs market passes under the supervision of the NBM"
Interview by InfoMarket Agency There are 151 non-banking credit organizations (NBCOs) operating in Moldova, and another 14 are in the process of liquidation. NBCOs can be classified by types of lending: quick and short loans, business loans, mortgages, car loans. As a rule, each organization chooses for itself the main type of credit activity. One of the forms of car loans is leasing. The industry, which emerged in 2002, initially dealt mainly with new cars, later expanding the range up to 5-year-old cars. The main reason for the restrictions on the age of leased cars is Moldova’s ...