Romania's ambassador says entrance of Romanian commercial bank on Moldovan market to bring European practices, positively influence economy

15:15 | 26.01.2018 Category: Economic

Chisinau, 26 January /MOLDPRES/ - The entrance of Banca Transilvania (BT) on Moldova’s market, by the procurement of a block of stocks from Victoriabank, will bring European practices and will positively influence the country’s economy. Ambassador of Romania to Moldova Daniel Ionita made statements to this effect during a programme at a private TV channel on 25 January evening.

According to the diplomat, this decision is strategic. “This is a step with important economic impact both for Moldova and for Romania. Banca Transilvania has taken over Victoriabank, which has a good structure here,” Ionita said.

The ambassador noted that Banca Transilvania would bring European practices in Moldova, which will back the citizens and business sector.

“BT representatives weighed this decision well and made sure that everything is all right with the stocks bought from Victoriabank. At present, the legislative provisions and working procedures from the banking system of Moldova fully observe the European standards in the sector, and once this earlier happened in the local banking system, we believe that, at least, for a long period of time, a similar situation is no longer possible. Banca Transilvania will come up with good products for the local citizens, especially for Small- and Medium-sized Enterprises; therefore, I think that the result will be positive for the economic situation from Moldova. I am glad that business people from Romania will be encouraged to invest in Moldova,” the Romanian ambassador said.

Banca Transilvania from Romania last week informed that it had become stockholder at Victoriabank - the third biggest bank from Moldova, with a share of more than 66 per cent along with the European Bank for Reconstruction and Development (EBRD).

Banca Transilvania, the second biggest bank of Romania, has 2.2 million clients, more than 7,000 persons in its team and over 500 headquarters. The Banca Transilvania Financial Group has been present in Moldova in the last ten years, when it launched the company BT Leasing MD – market leader in the region in terms of the value of financings of fixed means provided in leasing.

(Reporter A. Ciobanu, editor L. Alcaza)

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