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The General Annual Meeting of Shareholders of JSCB "EXIMBANK" took place on April 15, 2004.
The General Annual Meeting of Shareholders of JSCB "EXIMBANK" took place on April 15, 2004.

The Results of the General Annual Meeting of Shareholders JSCB "EXIMBANK" by the results of the bank’s activity in 2003.

According to the decision of the shareholder, all net profit received by the bank in 2003, in the amount of 6.61 million MDL will be invested in the development of the bank, including 5% or 0.33 million MDL that will be spent to increase the reserve fund, and 95% or 6.28 million MDL - as the retained profit.

The General Meeting of the Shareholders discussed and ratified the report of the Council of the bank, the report of the Revision Committee, the annual report of the Board of the Bank, and the report on execution of the business plan for 2003.

During the meeting it was mentioned that JSCB "EXIMBANK" achieved the basic parameters stipulated by the business plan for 2003. Return on assets of the bank (ROA) in 2003 was 2%, Return on equity (ROE) – 16.3 %. The currency of the balance of the bank increased in 2003 by 104.6 million MDL (38.4%) and as of the end of the year it reached 376.8 million MDL. The loan portfolio of the bank has increased by 85.0 million MDL (70.5%) and equals 205.6 million MDL. The cumulative balance of the funds attracted by the bank increased by 101.6 million MDL (60.4 %) and equals 269.8 million MDL, including the deposits of individuals have increased by 78.5 million MDL (97.8 %), and deposits of legal persons - by 23.1 million MDL (26.3 %) equal to respectively 158.7 million MDL and 111.1 million MDL.

The increase of the client base of the bank in the tax year is 69.7%. As of December 31 2003 the bank served 20 123 clients, from which 4 098 were legal persons and 16 025 - individuals.

With the purpose of further development and capitalization of the bank the General Meeting of the Shareholders ratified the emission of the sixth issue of actions of the bank in the volume of 10 million MDL. It was also decided to open 23 Representatives Offices, from which 20 - in Chisinau and one in each of the following cities: Comrat, Cagul and Cimishlia.

The international company "KPMG-Moldova" was approved to be the auditor company of the bank in 2004.

Bank’s policy on management of risk
Specimen signature card and authority level for correspondent accounts
Licence and Extract from the State Register of legal persons
Governance code
Correspondent banks
Sale of repossessed property
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