Since 01.01.2012 licensed banks have made ​​the transition to International Financial Reporting Standards (IFRS). Thus, from January 2012, the reports Balance sheet (FIN 1) and Profit and loss (FIN2) are reported according to the Instruction relating to FINREP on an individual basis, applicable to banks (Decision of the Council of Administration of the National Bank of Moldova no.292 of December 15, 2011, Official Monitor of the Republic of Moldova no.227-232 of December 23, 2011). Until the end of 2011, these reports have been worked out in accordance with the National Accounting Standards (NAS).