The Executive Board of the National Bank of Moldova decided to extend the period for selling the new share issue of the commercial bank Moldindconbank, as an undividable shareholding of 63.89%, by three months, IPN reports, with reference to the central bank.

The Executive Board also decided to extend the term in office of the temporary administrators of Moldindconbank for a period of three months, as of July 20 this year.

The temporary administrators work as part of the early intervention measure instituted at Moldindconbank on October 20, 2016, after the National Bank ascertained that a group of persons who held a substantial holding in the bank’s share capital, in the amount of 63.89%, acted concertedly, without its consent.

According to the central bank, BC Moldindconbank S.A. works as usual and provides all the services, including those rated to deposits, loans and settlements.