Mandates of Moldovan commercial bank's temporary managers extended

Chisinau, 21 July /MOLDPRES/ - The executive committee of the National Bank of Moldova (BNM) has ruled to extend, for a three-month period, the mandates of the temporary managers of Moldindconbank, which is in the early intervention regime, given that an important set of stocks was blocked  by BNM.    

The temporary managers exercise their mandate within the early intervention at the commercial bank Moldindconbank, which was established on 20 October 2016, after BNM had found out a concerted activity of a group of persons who held a substantial 63.89-per cent share in the bank’s registered share capital, without the permission of the National Bank. The early intervention regime was set in order to ensure a sound and prudent management of the bank’s work on the period of settling the deficiencies identified in the bank’s property structure. 

At a TV programme “Moldova in direct” (Moldova Live), aired at the Moldova 1 TV channel one month ago, BNM Governor Sergiu Cioclea said that a foreign bank was interested in buying stocks at Moldindconbank. Cioclea specified that a regional bank of a very good quality wanted to purchase the block of shares of 63.8 per cent of Moldindconbank, blocked in last October. At the same time, Cioclea noted that no domestic factor was opposing the coming of foreign investors, stressing that the long-lasting process was only normal.     

The Central Bank also said that Moldindconbank was working as normal and was providing all services, including those dealing with operations with deposits, crediting and discounts.  

(Reporter V. Bercu, editor M. Jantovan)