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Shareholders general meeting results.

During the Shareholders’ general meeting, held on March 28, 2003, their were approved the results of financial year 2002. For the previous year, "Moldindconbank" S.A. reached the following indices: net profit – 34.4 mln. Lei, the balance currency increased by 29 % and reached 856.8 mln. Lei, the agregated capital came to 135.3 mln Lei, which is 41 % more than NBM requirements for license type “C”. Loan portfolio grown by 22% and constituted 547.6 mln Lei, the quality of granted loans considerably improved: the ratio of provisions for loan losses divided to the total loans volume was of 6.7% in comparison with 8.2% at the beginning of the year. At the end of the year, the deposit amount represents 510.5 mln Lei, rised by 41%. The Return Of Equity (ROE) constituted 26.9 %, the Return Of Assets (ROA) – 4.5%. Financial results for year 2002 are aproved by the ”Deloitte&Touche” audit company report. At the meeting was decided to distribute 6.8 mln Lei for dividends. The dividends’ amount for ordinary shares represents 22%, for preferenced voting shares – 26.4 % and for preferenced non-voting shares – 40%. The rest of the profit will be allocated for the bank development. The general meetings also adopted the plan and main direction of activity for year 2003 as well as were appointed the Board and Censors’ committee.
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