Banca de Economii S.A.

Banca de Economii -  a time-tested quality

The history of Banca de Economii S.A. begins on November 11, 1940, when the Supreme Soviet Presidium of the Moldovan SSR issued a decree which established 7 county divisions of the State Savings Bank: in Chisinau, Balti, Cahul, Bender, Orhei, Soroca, and Tiraspol.

With the reorganization of the financial and banking system in 1987, the State Banks for Earned Savings acquired the status of the Bank for Earned Savings and Loans to Population which was later changed into the Republican Bank of Moldova, a subdivision of the State Savings Bank of the USSR.

In 1992, the Republican Bank of Moldova under the Savings Bank of the USSR was reorganized as the Savings Bank of Moldova, thus becoming a state-owned joint-stock commercial bank.

On December 16th 1994, the General Shareholders' Meeting took the decision to change the statute of the bank into an open-type joint-stock company, and in 1996 it was named "Banca de Economii, a Joint-Stock Commercial Bank".

On June 18th 2001, the Joint Stock Commercial Bank "Banca de Economii" was re-registered as the Joint-Stock Company "Banca de Economii", where the share of the state constitutes 56.13% of the total bank share capital.

FinComBank S.A.

Finance and Trade Bank FinComBank JSC (FinComBank) is one of the leading universal banks of the Republic of Moldova. FinComBank provides a wide range of corporate and investment banking services to Moldovan and foreign clients. Its client base is comprised of representatives from all major sectors of the economy, with the vast majority possessing excellent international export experience.
FinComBank’s 15 branches and 29 agencies are located all over the Republic.
As of December 31, 2010 the Bank's total assets amounted to MDL 1.63 bln., loans – MDL 907.3 mil., deposits - MDL 958.7 mil., and authorized capital - MDL 242.0 mil.

FinComBank was established in July 1993 as a joint-stock company. The Bank holds license No. 004460 issued by the National Bank of Moldova.
At present, the Bank has 135 shareholders, 609 employees, and over 91.0 thousand clients.
FinComBank has always been a pioneer in introducing new products and services. In 1995 it became the first bank in Moldova to offer services related to VISA, Diners Club and Europay International credit cards. In 2000 it became a principal member of Europay International and in 2001 an associated member of VISA International. In summer of 2005 FinComBank introduced FinComPay online system which allows making payments for utilities trough Internet with banking cards (www.fincompay.com).
Today FinComBank also cooperates with international payment systems WESTERN UNION, Anelik, Bystraia Pochta, Contact, Zolotaya Korona and Unistream.
As result of its financial strength and stability, FinComBank has established and maintained fruitful and effective cooperation with the World Bank, EFSE (European Fund for Southeast Europe), and OPIC(Overseas Private Investment Corporation (OPIC)), FinComBank is a member of Rural Finance and Small Enterprises Development program sponsored by International Fund of Agriculture Development (IFAD) and Rural Investment Services Program (RISP).
In August 2007 widely well-known venture Western NIS Enterprises Fund (WNISEF) became one of the major shareholders of FinComBank after purchase of 25 percent of the bank’s shares.
The Bank is one of the founders of the Banking Association of Moldova and the Moldovan Stock Exchange and a member of the American Chamber of Commerce in Moldova (AmCham).