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Meeting of the Club: 11th of February

18-02-2010
Meeting of the Club: 11th of February

During the meeting were stated and discussed the main reasons for the difficulty of obtaining the necessary financing for business development and restrictions on access to credit from commercial banks in Moldova.

Also, there were identified the areas and possible ways to solve these problems (with assistance from the World Bank and NBM), in order to ensure the development of the private business sector during the crisis period 2010 – 2012, thanks to accessible loans with reasonable interest rate from commercial banks.
 
At the same time, the management of the Club is in preliminary negotiations with commercial banks, in order to estabilish the interest rates of lending for members of the Club, from the resources of international credit lines. Early successes, identified in the course of these negotiations and consultations, are obvious, and give hope for long-term cooperation with CB Victoriabank SA, which is offering very reasonable loan conditions for the financial resources of the World Bank:
 
- Loans for business development (working capital and investment) in USD at 6,4% - 7,5% per annum, and in MDL at 9.5% - 10%;

- Fees for the issuance of credit will be established by mutual agreement with the commercial bank, depending on creditworthiness and prospects for cooperation with a specific client.




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