Three Moldovan banks to be liquidated by 9 October 2015

Chisinau, 5 August /MOLDPRES/ - Prime Minister Valeriu Strelet has announced the starting of liquidation of those three banks : Banca de Economii, Banca Sociala and Unibank, the government’s communication and media relations department has reported.

Strelet announced this after a meeting of the National Financial Stability Committee (CNSF) late in the evening. 

„The National Financial Stability Committee does not take decisions mandatory for execution. The committee analyses situations, makes recommendations. If a consensus reached as to certain situations, these recommendations are implemented. We negotiated a Memorandum between the government and National Bank regarding actions which the governmental institutions should undertake as to correct and balanced transfer of treasury accounts, payment of pensions and other social payments, as well as the obligations on the National Bank. These measures are to bring to recovery of the banking system of Moldova,” Strelet said.

At the same time, Strelet highlighted that the destiny of employees of those three mentioned banks also was tackled.

„The plans on re-hiring these specialists, who are not guilty of that these three banks entered into difficulty, will be announced in the near future. The banking infrastructure of these entities might get into the property of other banks, which will pay money for this, but with one conditions – to keep their area of work and to re-employ the staff,” Strelet added.

Strelet also announced a deadline when liquidation of those three banks is to end – 9 October 2015.

(Editor A. Raileanu)