The National Bank of Moldova has published its priorities for supervising the non-bank lending sector in 2025, setting out a risk-based focus on compliance with the regulatory framework, the quality of risk management, the reliability of regulatory reporting, and anti-money laundering and counter-terrorist financing (AML/CFT) controls. Supervisory work will centre on assessing key indicators and checking compliance with applicable rules and firms’ internal regulations, with attention to business models, financial prudence and responsible lending, governance and internal controls, credit, operational and market risks, and funding sources and capital adequacy. Credit risk remains a core focus, including adherence to responsible lending requirements, loan origination and monitoring procedures, loan developments relative to risk appetite, and recovery processes, particularly for unsecured lending. The Bank will also review risk management practices, including risk identification, measurement and mitigation, segregation of responsibilities, independence of control functions, and the full composition of management bodies required by law and firms’ statutes. On reporting, the Bank notes that a new conceptual reporting model was introduced via the Instruction on reporting for non-bank credit organisations (No. 15/2024), but data quality remains a pressing issue; supervision in 2025 will therefore include checks on the correctness of reported data and compliance with reporting deadlines. For AML/CFT, the Bank will continue to identify and assess risks and apply a risk-based supervisory approach, covering firms’ business models and activity profiles, internal governance and control systems, and the design and application of policies and procedures under the legal framework, alongside informational sessions for specialists at supervised entities.

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