Thursday, February 6, 2014

Week 6 of 2014 – Giveaway info for the week – Moldova: Bank offering USD/EUR 4.7% retail, 4.0% commercial for 12-month deposits of USD/EUR 100 or more

As a free sample for clients and potential clients, below is offered summary information on a randomly-chosen bank in Eastern Europe or Central Asia offering moderate (not particularly high) interest rates for foreign-currency retail term deposits:




Bank info:

Bank:  Moldindconbank S.A.
Headquarters:  Chişinău, Moldova (situated between Ukraine and Romania)
Founded:  1959
Total assets:  MDL* 12.82 bln (USD 981.93 mln) as of 31 Dec. 2013
   *MDL = Moldovan leu.  As of 31 Dec. 2013, USD 1 = MDL 13.0570
Total new foreign-currency deposits accepted in 4Q 2013:  equivalent to MDL 146.65 mln (USD 11.23 mln)
No. of branches and agencies:  112
No. of ATMs:  127
No. of employees:  1,063 as of 31 Dec. 2013
Recent awards:  “Bank of the Year” for 2013 in the category “Efficiency and stability” as awarded by Teleradio-Moldova
Contact info:
Phone: (+373) 22 57-67-82
Fax: (+373) 22 27-91-95
E-mail: info@micb.md
Web: www.moldindconbank.com/


USD or EUR (minimum deposit USD/EUR 100): fixed rates of 1.0% a.p.r. for 3 mos., 4.0% for 6 mos., 4.7% for 12 mos.
MDL (minimum deposit MDL 1,000): fixed rates of 2.00% a.p.r. for 3 mos., 5.25% for 6 mos., 6.75% for 12 mos.


USD or EUR (minimum deposit USD/EUR 100): floating rates of 0.0% a.p.r. for 3 mos., 3.0% for 6 mos., 4.0% for 12 mos.
MDL (minimum deposit MDL 1,000): floating rates of 2.00% a.p.r. for 3 mos., 6.50% for 6 mos., 7.50% for 12 mos.