The Executive Board of the National Bank of Moldova on April 5 approved new regulations concerning major risks and amendments to the regulations on bank operations with affiliated persons. The decisions were taken in a move to facilitate the real sector’s access to the financing of licensed banks, IPN reports, quoting a press release of the central bank.

Thus, the regulations on major risks set down a new method of assessing major risk. This means the banks will be able to allocate more funds for financing projects of business entities by bank loans, meeting simultaneously the limits of the regulations. At the same time, the new regulations will stimulate the banks to create new and attractive banking products for the real economy.

The amendments to the regulations on bank operations with affiliated persons transpose the same method of assessing risks as in the case of major risks. There were improved the characteristics for identifying affiliated persons by the National Bank as part of supervision activities with the aim of avoiding the unfounded cataloging as affiliates.

The changes were possible owing to the fact that the banking sector became stable and resilient. In the process of approval, both of the regulations were consulted with the banking sector and development partners.