Dear customers,
this is to inform you about new interest rates that will be introduced:
Interest rate | from 15.03.2024 |
from 15.04.2024 |
LIBOR 6M USD | 5.7623% | 5.7623% |
EURIBOR 6M EUR | 3.8350% | 3.9080% |
TDA 9M MDL | 0.00% | 0.00% |
AIR 6M MDL | 4.31% | 3.83% |
Interest rate | from 20.02.2024 |
from 20.03.2024 |
AIR 6M USD | 2.72% | 2.67% |
6MTermsofr USD | 5.1650% | 5.2749% |
NEW Euribor 6 m | 3.8350% | 3.9080% |
IRCB MDL | 3.13% | 2.71% |
IRCC MDL | 4.10% | 4.19% |
Interest rate for Program "373" | 01.07.2023-31.12.2023 |
01.01.2024-30.06.2024 |
MDL | 7.62% | 4.38% |
EUR | 2.60% | 1.88% |
USD | 2.60% | 1.88% |
We would like to inform you regarding changes of LIBOR 6M USD / AIR 6M USD / EURIBOR 6M EUR / TDA 9M MDL / AIR 6M MDL / TERM SOFR / IRCC / IRCB interest rates, which are modified every six months. Interest rates on loans with floating rates indexed to LIBOR 6M / AIR 6M USD / EURIBOR 6M / TDA 9M MDL / AIR 6M MDL / TERM SOFR / IRCC / IRCB will be modified and client repayment schedules will be revised accordingly.
AIR 6M USD - is the interest rate which is based on the average financial value of the funds in USD (the cost of interest expenses, fees, including those relating to financial guarantees, if applicable), attracted by the Bank in the 6 months prior to the end of the preceding month, calculated by the Finance Department for the previous month.
TERM SOFR - term reference rate with a maturity of 6 months, which is published by the CME Group (Chicago Mercantile Exchange) designated as the administrator for the calculation and publication of TERM SOFR rates. It represents a daily set of anticipatory estimates of the reference interest rate in US dollars.
EURIBOR (European Interbank Offered Rate) is used as the minimum or basic interest rate for loans in the European market. Euribor calculation is overseen by the European Banking Federation, which represents credit institutions in the euro area, Iceland, Norway and Switzerland, as well as the Association of Financial Markets.
IRCC MDL - reflects the weighted average interest rates on new deposits attracted in national currency, with a maturity of 6-12 months, in the total national banking system.
IRCB - (business customer reference index) - is based on the average daily balance of interest rate-sensitive liabilities (customer funds, loans) in MDL and their cost related to interest expenses, commissions, including those related to financial guarantees, if applicable, attracted by the Bank, calculated for the previous month.
For loans issued from "373" Investment Stimulation Program approved by Government Decision no. 351/2023 of 07.06.2023, the interest rate is revised once every 6 months and is set according to the fluctuation of the reference rate published by the National Bank of Moldova.
The reference rate, published by the National Bank of Moldova, is calculated as the weighted average interest rate on new deposits attracted in foreign currency with maturity of 6 to 12 months, total for the banking sector (source: www.bnm.md).
The information regarding the reference rate for the "373" Investment Stimulation Program is published on the official website of the Program (www.373.gov.md), as well as on the official website of ODA (www.oda.md)