About the Bank

Oleg Voronin, Chairman of the Board of Directors

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 14 branches and 35 agencies are located in Chisinau, Hincesti, Balti, Edinet, Floresti, Cahul, Comrat, Riscani, Glodeni, Drochia, Ialoveni, Orhei, Ungheni, Anenii Noi and Soroca. As of January 1, 2008 the Bank's total assets amounted to MDL 1.68 bln., loans – MDL 995.7 mln, deposits - MDL 1.1. bln., and authorized capital - MDL 306.3 mln.

BACKGROUND INFORMATION

FinComBank was established in July 1993 as a joint-stock company. The Bank holds type “B” license issued by the National Bank of Moldova.

At present, the Bank has 127 shareholders, 502 employees, and over 74.0 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 and Unistream.

In 2001 with the technical assistance of RABO International Advisory Services (RIAS)BV, a subsidiary of Rabobank International, FinComBank made critical changes in its organizational structure in order to better and effective serve its clients.

As result of its financial strength and stability, FinComBank was selected to be a participating bank in the World Bank Small and Medium Sized Enterprise Credit Line, USAID Program of Microenterprise and Small Business Development, The Citizens Network for Foreign Affairs' Mortgage Lending Program. In 2002 FinComBank signed Loan Agreement with the International Finance Corporation (IFC), became a member of Rural Finance and Small Enterprises Development program sponsored by International Fund of Agriculture Development (IFAD) and Rural Investment Services Program (RISP). Active participation in these projects made the Bank possible to sign new contracts and agreements in 2005-06.

In August 2007 widely well-known venture Western NIS Enterprises Fund became one of the major shareholders of FinComBank after purchase of 25 percent of the bank’s shares.   In November of the same year FinComBank received a USD 5 million micro- and small-enterprises (MSE) loan from European Fund for Southeast Europe (EFSE).

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).

The Bank’s Strategy and Policy

Our strategy consists in establishing mutually beneficial partnership with the clients by granting them highly professional banking services that correspond to their entrepreneurial, investment and consumer needs, as well as achievement of maximal profitability and high reliability of the Bank. In 2003 we will dramatically expand our branch network and pay maximum attention to intensification of our contacts with existing and potential clients in order to maximize the list of services provided, increase their quality and minimize a time for solving the clients’ problems.

Our mission is to be at the forefront of technology and product innovation to serve the Moldovan community in providing top quality banking services in order to grow as a successful universal bank, well recognized for its professionalism by its customers, its staff and stakeholders.

Our policy is the first class service, confidentiality, individual approach, and observance of conservative bank principles in a combination with innovation. While making decisions we are always guided by two main criteria - stability and safety.