Regulatory Alerts2019-06-05
Regulation on the credit activity of non-bank payment service providers
The National Bank of Moldova issued this regulation to govern credit granting activities by non-bank payment service providers, requiring them to hold specific licenses and submit internal procedures for approval. The rules mandate that credits be ancillary to payment transactions, repaid within 12 months, and limited to 20% of the provider's equity capital, while enforcing strict creditworthiness assessments and transparency standards. Additionally, the regulation establishes a five-tier classification system for credit risk, prescribing specific provision rates ranging from 2% to 100% and requiring quarterly reporting to the supervisory authority.
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