The EU Delegation in Chisinau expresses its deep concern about the latest developments concerning MAIB (Moldova Agroindbank), as a group of new, possibly interconnected shareholders with unclear background, credentials and motives appear intent on taking over operational and strategic control of the Bank. The delegation considers that this could jeopardize the health and stability of the financial sector in the Republic of Moldova, IPN reports.  

In a statement, the EU Delegation welcomes the steps taken so far by the government and the National Bank to ensure the stability of the financial sector, and encourages the competent authorities to take all measures as may be necessary to safeguard it further. The EU Delegation stresses the utmost importance of the full independence of the regulatory authorities in executing their legal mandate, which cannot be infringed upon by any third party.

The EU Delegation considers this case as a litmus test for the Moldovan authorities to demonstrate their commitment to transparency and accountability in the financial sector, the effectiveness of the competent institutions, as well as to guaranteeing the rule of law. It will continue to closely monitor the developments regarding MAIB.