Top Moldovan bank's management gets two new representatives of Romanian stock

Chisinau, 05 March /MOLDPRES/ – The management of Victoriabank, the third largest bank in Moldova, has today two new members, Bogdan Plesuvescu, chairman of the steering committee, and Vasile Donica, deputy chairman of the steering committee, who received approval of the National Bank of Moldova for exercise of positions. The new members of the top management are representatives of Banca Transilvania Financial Group.

The Commercial and Public Relations Department of the Commercial Bank states that Bogdan Plesuvescu has more than 17 years of experience in management and extensive expertise in commercial and business matters. Over recent seven years, he has expanded his area of ​​competence within: remediation of loans, training, regulation, mergers and acquisitions of financial – banking institutions in Romania. He was part of Transilvania Bank's (BT) small negotiating teams in major transactions over recent years, namely acquisition of Volksbank and Bancpost by BT. He is the Chairman of the Legal Commission of the Romanian Banking Association of Romania, a member of the Turnaround Management Association Romania and member of the Board of Directors of the Association of Legal Advisers of Financial – Banking System in Romania.

Vasile Donica is a 20 – year – old economist with experience in auditing, banking, workout and leasing. He has coordinated for five years BT Leasing MD, a company that has become a market leader according to the amount of financing of fixed assets leased.

After completion of transaction in January 2018, Banca Transilvania and the European Bank for Reconstruction and Development (EBRD) became majority shareholders, with a 66.77 per cent stake in Victoriabank's share capital. BT and EBRD, as strategic partners and shareholders at BC Victoriabank S.A, proposed to continue to grow the bank and contribute to the consolidation of banking environment in Moldova.

The Board of Directors of the National Commission for Financial Market (CNPF) approved on 05 February 2018, prospectus for mandatory takeover bid, initiated by bidder VB Investment Holding B.V, of 8,308,673 nominative ordinary shares issued by Victoriabank at price of MDL 78.21 per share. According to decision of CNPF, offer is valid for 70 days from the announcement date.

At present, Banca Transilvania and the European Bank for Reconstruction and Development have majority stake in Victoriabank through Investment Holding.

(Reporter V. Bercu, editor L. Alcaza)