Bank managers expressed readiness to support the producers of fruit and vegetables and promised to review the lending policies applying to them. The information was communicated to Prime Minster Iurie Leanca after the meeting with representatives of Moldovan banks on July 24, IPN reports.
“The effects of the bans imposed by Russia do not create major risks for the macroeconomic parameters because foreign financing of about US$250 million is expected to come from the European Commission, the World Bank and from the telecoms carriers that will renew their licenses in the next four-five months. This money will also allow reducing the pressure on the leu. The national currently will appreciate against the dollar and the euro and the results will be visible from next week already,” stated the Premier.
Attending the meeting, the president of the Administration Committee of BC Victoribank Natalia Politov-Cangas said the situation is not as difficult as in 2006, when Russian banned the import of Moldovan wine. “My colleagues from the financial-banking sector have experience in helping the producers and we have the necessary instruments. Some of the loans will be restructured and the interest rates will be reduced. The penalties could be also annulled. Each of the banks will work with its clients and will analyze every case apart,” she stated.
In June, the loans provided in agriculture and food industry came to 6.8 billion lei. These loans represent 15% of the loans provided by the banks to the national economy.
