National Bank lifted intensive monitoring regime of Victoriabank

Chisinau, 23 August /MOLDPRES/- The Executive Board of the National Bank of Moldova (BNM) has lifted the intensive supervision regime of Victoriabank company.

Under BNM, the decision was taken yesterday "after it was found that the bank ensures the transparency of the bank's ownership structure as a result of the acquisition of 72.19% of the share capital of VB Investment Holding BV, a company owned by Banca Transilvania from Romania in partnership with the European Bank for Reconstruction and Development (EBRD).”

At the same time, a new Bank Board was approved, which is operational on 9 August 2018. BNM also said in a press release that the balance of non-performing loans was reduced in 2017-2018 and the actions included in the remediation plans were carried out.

Victoriabank company was placed under special surveillance on 11 June 2015 because of the irregularities set by the National Bank. In October 2016, special supervision was replaced by intensive surveillance, due to legislative changes.

On 16 January 2018 and 26 April 2018, auctions took place on the regulated market of the Moldovan Stock Exchange, where the shares were sold by 39.2% and 5.42% of the bank's capital. As a result, the investor became Banca Transilvania, the first largest banking group in Romania, in partnership with the EBRD. At present, they hold a share of 72.19% of the share capital of Victoriabank company.

(Reporter N. Sandu, editor A. Răileanu)