| Eximbank Executive Board at its meeting on March 11, 2005 adopted a decision to lower the base loan interest rate by 1 % to 22 % p.a. The reduction applies to the loans in the national currency to be granted to corporate customers out of the bank’s funds.
This is the second reduction this year and it reflects the bank’s policy of gradual interest rate reduction in 2005 both for the attracted deposits and granted loans.
The reduction of the national currency base loans interest rates is caused by the existing macroeconomic trends on the financial market of the Republic of Moldova and is intended to promote further development of the country’s real economy as a whole and export of Moldovan goods in particular.
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