Corporate banking activities dominated by durational working capital finance and trade related services. As a majority of Moldova s exports are directed to Russia, the main correspondent relationships are with domestic Russia foreign banks domiciled in Russia. Longer term investment credit is available only, from a few Moldovan banks and in hard currency. The funding is provided under lines of credit from multilateral financial institution. The retail culture in Moldova is only beginning to develop.
Term deposit are the typical retail product.
Consumer and housing loans are on offer, but the low wealth of the population constrains demand. Domestic and international plastic cards are available, but only a few thousands have been issued. The first cash dispensers were introduced in 1998. Two banks plan to introduce payroll amid in 1999. The main risk to asset quality is the high concentration of agriculture-related exposures in most banks portfolios.