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Molindconbank - the safest bank in Moldova

27.02.2014

The economic and finance magazine "Profit" published the rating results of the safety of Moldavian banks for the fourth quarter of 2013. In this rating Moldindconbank continues to maintain its leading position as the safest bank in Moldova scoring 4.8914 points.

Although, the Bank decreased slightly in this rating by 11.18% for the fourth quarter compared to the previous quarter of the same year, it managed to maintain its leading position due to the highest registered indicators such as return on equity (25,78%) and return on asset (2,94%).

The author of the rating mentioned that the return on equity indicator for Moldindconbank is two times bigger than the average for commercial banks in Moldova.

At the end of 2013, Moldindconbank manage the second largest portfolio of assets (12.8 billion lei) and loans (7.6 billion lei) in the domestic banking system and registered a net profit of 301 million lei. The branch network is the second biggest in the local banking industry which increased with five new offices during the year 2013.

It is to mention that previously Moldindconbank became the leader in the bank efficiency rating developed by Consulting Investment Agency EVM Consulting for the results of the year 2013 and was awarded Bank of the Year 2013 in the category „Eficiency and Stability”, also in June 2013 the magazine „Банкиръ" awarded Moldindconbank with the diploma "Bank - leader in deposits safety for individuals".

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