Governor of National Bank of Moldova confirms discussions with potential investors for Moldindconbank 's block of shares

Chisinau, 20 November /MOLDPRES/ - Governor of the National Bank of Moldova (BNM) Sergiu Cioclea, at a news briefing, said that presently “discussions are held with potential investors” in Moldindconbank, without providing other details. On 19 October, the BNM executive committee ruled to extend by three months the term of sale of the newly issued shares by Moldindconbank, as a single block worth 63.89 per cent of the bank’s registered share capital.     

Also, the central bank prolonged the mandates of the temporary managers of the financial institution by six months, starting from 20 October 2018.  

On 20 October 2016, BNM blocked a group of Moldindconbank shareholders, who act jointly, by earlier procurement and holding a substantial share in the bank’s registered share capital, worth 63.89 per cent, without preliminary written permission of BNM, thus infringing the provisions of the law on financial institutions.  

Following the cancellation of the suspended shares, new shares were issued, in line with the provisions of the law on capital market. The new shares were evaluated by a famous international company and put up for sale at the stock exchange; yet, they were not demanded.  

According to the bank performance ranking, worked out by the Expert-Grup Independent Analytical Centre, in late last September, Moldindconbank was among the TOP 3 banks of systemic importance for the national banking and financial system.