The National Committee for Financial Stability suggested that the Government should open negotiations with the potential buyer of the undividable shareholding of 63.89% of the commercial bank Moldindconbank so as to facilitate the transition in accordance with the law on the administration and denationalization of public property, IPN reports.

According to the National Bank of Moldova, the procedure is applied because Moldindconbank is a bank of systemic importance. Also, the potential buyer expressed interest in an appropriate period for BC Moldindconbank S.A. after the NBM decided by law, on January 18, 2019, to extend for the last three-month period the deadline for selling the newly issued shares of this bank. This way, the sale of the undividable shareholding will be beneficial to the activity of Moldindconbank and the subsequent development of this bank.

Moldindconbank will continue to work as usual and will provide all the services, including those related to deposits, loans and transfers.

The central bank said the measure is similar to the good practices in the European countries and was successfully applied at Moldova-Agroindbank last year.

The Executive Board of the National Bank of Moldova on January 22 decided to give the prior permission to Doverie United-Holding AD for the acquisition of the shareholding of 63.89% of BC Moldindconbank S.A.