Banca de Economii S.A

Banca de Economii -  a time-tested quality

The history of Banca de Economii S.A. begins on November 11, 1940, when the Supreme Soviet Presidium of the Moldovan SSR issued a decree which established 7 county divisions of the State Savings Bank: in Chisinau, Balti, Cahul, Bender, Orhei, Soroca, and Tiraspol.

With the reorganization of the financial and banking system in 1987, the State Banks for Earned Savings acquired the status of the Bank for Earned Savings and Loans to Population which was later changed into the Republican Bank of Moldova, a subdivision of the State Savings Bank of the USSR.

In 1992, the Republican Bank of Moldova under the Savings Bank of the USSR was reorganized as the Savings Bank of Moldova, thus becoming a state-owned joint-stock commercial bank.

On December 16^th 1994, the General Shareholders' Meeting took the decision to change the statute of the bank into an open-type joint-stock company, and in 1996 it was named "Banca de Economii, a Joint-Stock Commercial Bank".

On June 18^th 2001, the Joint Stock Commercial Bank "Banca de Economii" was re-registered as the Joint-Stock Company "Banca de Economii", where the share of the state constitutes 56.13% of the total bank share capital.

Today, being part of the top most powerful banks in Moldova, Banca de Economii S.A. means:

• The largest banking network in Moldova

The bank network includes 37 branches and 537 agencies in more than 370 places all over Moldova, accounting for about 60% of the banking presence in the territory. It also has the largest network of exchange offices in all the administrative areas of the Republic.

• The most automated bank in Moldova

Banca de Economii is an unique bank in Moldova, as it works in the on-line environment. The BE branches and agencies, connected to an unique system of monitoring and data transfer, process all the transactions in real time. The continuous development of banking technologies made it possible to release new sophisticated products and technologies, such as Internet-banking and the Client/Bank System.

• The highest standards in the system of local and international payments

The informational technologies used by Banca de Economii enable it to conduct operations at top speed, both in Moldova (through the territorial network and the MoldovaExpress system) and worldwide (SWIFT), assuring the shortest possible duration of transactions from the technical point of view. Being a principal agent of the Western Union system, Banca de Economii ensures the most convenient, fastest, and safest way to transfer money from abroad.

• International debit and credit cards

Banca de Economii issues international debit and credit cards under the aegis of the international payment system Europay (CirrusMaestro®, MasterCard®, BusinessCard®, GoldCard®). At present, over 171,500 clients hold their cards from Banca de Economii. Thanks to the modern network and equipment, the bank successfully operates within the payment system of MasterCard Inc. Our bank card payment system and our large commercial network which ensure the clients a safe way in managing their funds are also worth mentioning. In the nearest future, Banca de Economii intends to extend these payment instruments to all services offered to the population.

• RETAIL Banking system

The activities of Banca de Economii are traditionally oriented to retail operations. Currently, the bank is among the leaders in this area, including all the types of collection, payment, distribution, transfer, etc.

• Modern Bank Management

The bank management and the high-skilled staff have contributed a lot to successful attainment of the strategic and current objectives of the bank.