The National Bank of Moldova encourages the businesswoman to more actively apply for the financial products they need from banks. The statement was made by the vice governor of the National Bank Cristina Harea at the conference “Innovations that Transform Business” in Chisinau on November 27. The event was organized by the EBRD Moldova Advisory Team for Small Businesses and other international partners within the Innovation Data for Businesswomen initiative, IPN reports, quoting the central bank.

Cristina Harea spoke mainly about the financing of small and medium-sized enterprises and individual entrepreneurs and the use of innovations and new payment instruments, such as payments through the Internet and mobile phones. She noted the women usually are more reluctant to raise loans, but their payment discipline is better than in the case of men.

“The new framework for regulating the banking system and the system of payments, adjusted to the European legislation, is actually more advantageous to small and medium-sized enterprises and private individuals, including individual entrepreneurs. Therefore, I encourage the women entrepreneurs to be more daring and obtain the financial products they need from banks, while the banks should be more determined in granting women entrepreneurs’ requests,” stated Cristina Harea.