THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONS

The objective of this article is the comparative analysis of the banking sector with the non-bank sector of the Republic of Moldova, by the elucidation of the main trends of development of microfinance and banking institution in the last five years, as being reflected by the improvement of all indic...

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Main Author: Viorica POPA
Format: Article
Language:English
Published: “Victor Slăvescu” Centre for Financial and Monetary Research 2013-12-01
Series:Financial Studies
Subjects:
Online Access:http://fs.icfm.ro/vol17i4p22-34.pdf
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author Viorica POPA
author_facet Viorica POPA
author_sort Viorica POPA
collection DOAJ
description The objective of this article is the comparative analysis of the banking sector with the non-bank sector of the Republic of Moldova, by the elucidation of the main trends of development of microfinance and banking institution in the last five years, as being reflected by the improvement of all indicators. In this article, the author analyses the microfinance institutions in Moldova through the financial soundness indicators (the degree of financial intermediation). In the first part of the article, the author analyses the main trends in the microfinance sector compared to the banking sector in recent years, requiring the implementation of an effective and coherent strategic management for banking and non- performing strategies and to maintain the financially stability through appropriate policies administration and risk management. A very suggestive remark about the author is the difficult access to finance in Moldova, representing a particular importance to any economy. In this context, the shocks arising from the financial and economic crisis have affected both credit supply and demand as well. Thus, the existence of appropriate strategic policy to minimize risk in a bank and microfinance institution, condition a management with a high level of professionalism and quality.
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spelling doaj.art-ca890107cdd2437a8cddde27264b7d122023-09-02T01:21:19Zeng“Victor Slăvescu” Centre for Financial and Monetary ResearchFinancial Studies2066-60712066-60712013-12-011742234THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONSViorica POPA0National Institute for Economic Research, Chişinău, Republic of MoldovaThe objective of this article is the comparative analysis of the banking sector with the non-bank sector of the Republic of Moldova, by the elucidation of the main trends of development of microfinance and banking institution in the last five years, as being reflected by the improvement of all indicators. In this article, the author analyses the microfinance institutions in Moldova through the financial soundness indicators (the degree of financial intermediation). In the first part of the article, the author analyses the main trends in the microfinance sector compared to the banking sector in recent years, requiring the implementation of an effective and coherent strategic management for banking and non- performing strategies and to maintain the financially stability through appropriate policies administration and risk management. A very suggestive remark about the author is the difficult access to finance in Moldova, representing a particular importance to any economy. In this context, the shocks arising from the financial and economic crisis have affected both credit supply and demand as well. Thus, the existence of appropriate strategic policy to minimize risk in a bank and microfinance institution, condition a management with a high level of professionalism and quality.http://fs.icfm.ro/vol17i4p22-34.pdfmicrofinance organizationsnon-bank institutionscommercial banksGlobal Competitiveness Reportfinance
spellingShingle Viorica POPA
THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONS
Financial Studies
microfinance organizations
non-bank institutions
commercial banks
Global Competitiveness Report
finance
title THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONS
title_full THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONS
title_fullStr THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONS
title_full_unstemmed THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONS
title_short THE ACCESS TO FINANCE IN MOLDOVA - BANKING COMPARED TO MICROFINANCE ORGANIZATIONS
title_sort access to finance in moldova banking compared to microfinance organizations
topic microfinance organizations
non-bank institutions
commercial banks
Global Competitiveness Report
finance
url http://fs.icfm.ro/vol17i4p22-34.pdf
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