Businessman Ilan Shor was chosen as president of the Board of Banca de Economii (Savings Bank) by a unanimous vote in the April 30 meeting of the bank’s Board, IPN reports.

According to a communiqué from the bank, Ivan Ursu was named as vice president of the Board. Constantin Paladi was appointed as vice president of Banca de Economii, with the subsequent approval of the National Bank of Moldova.

Under the Law on Joint Stock Companies and the statutes of Banca de Economii SA, the Board of Banca de Economii is the administrative body that represents the interests of shareholders in the periods between the general assemblies of shareholders and, within its powers, manages the bank and supervises its work.