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JSCB Moldindconbank celebrates 24 years since its reorganization to a joint stock company

26.10.2015

On October 25, 2015 JSCB Moldindconbank marks 24 years since its reorganization to a joint stock company. On this occasion, JSCB Moldindconbank congratulates all customers, shareholders and employees, thanking them for the support and trust they have shown throughout its activity.

The day of 25 October 1991 signifies the beginning of a defining stage, in the successful evolution JSCB Moldindconbank demonstrated in the 56 years since its foundation. Precisely 24 years ago, the bank has taken a decisive step forward, in restructuring and aligning its work to the highest standards characteristic to modern financial institutions.

Today, JSCB Moldindconbank is one of the leading banks in Moldova and one of the largest 100 banks in Southeastern Europe (90th place SeeNews Top100SEE), managing the second largest volume of assets - 16.0 billion lei (23.1% market share), the second largest loan portfolio - 10.3 billion lei (23.9% market share) and the second largest deposit portfolio – 11.7 billion lei (25.9% market share) among domestic banks, generating, for the first nine months of the current year, a net profit of 334.5 million lei.

In the meantime, JSCB Moldindconbank was declared “The best bank” and “The most innovative bank” in Moldova by the experts of Global Finance, developing one of the most efficient banking management systems and registering record financial performance indicators: ROE (Return on Equity) - 24.1% and ROA (Return on Assets) – 3.0%.

All these achievements were gained primarily as a result of the trust of our over 480,000 existing customers, the support of approximately 1000 shareholders and loyalty of our over 1,200 professional employees, who together managed to create a performing, efficient and innovative Bank, that is able to face all contemporary challenges and opportunities.

JSCB Moldindconbank perfectly understands its responsibility and duty, to move forward with its development strategy by creating sustainable partnership relations with our society and clients, based on top level services, honesty, transparency and hard work, necessary to the development of economy and our community.

Currently, JSCB Moldindconbank is a universal financial institution that offers a wide range of banking products and services, to all categories of clients, through the largest and most developed banking networks (148 subdivisions and 184 ATMs) located throughout the territory of the Republic of Moldova.

*** Moldindconbank began its activity on 1 July 1959 as a subsidiary of Stroibank in USSR, the basic task of which consisted of financing the construction of industrial objects, enterprises of energy, road lines. On 25 October 1991 the Bank was reorganized to a Joint Stock Company.

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