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About restrictions on outgoing payments to the Republic of Moldova

Please note that due to the policy of making payments by Norvik Banka’s correspondent banks restrictions will now be imposed on payments to the Republic of Moldova.

As from 01.10.2015 all the outgoing payments in any currency to the banks of the Republic of Moldova addressed to the recipients – companies registered in reduced or low-tax zones (offshore zones) – will not be executed.

However, all the payments addressed to the recipients – companies not registered in reduced or low-tax zones (offshore zones) and which have accounts opened with EXIMBANK-Gruppo Veneto Banca and ProCredit Bank in the Republic of Moldova – will be executed in the ordinary course, with no restrictions imposed.

To ensure smooth operation of your business, we recommend you to conduct negotiations with your counterparties in terms of their opening accounts in the Moldova’s banks above.

Should you have any questions, please contact your client manager.