The National Bank of Moldova has to defend the reforms done and results achieved the previous years as these are challenged by former shareholders through investigation bodies and courts of law. The investigation of employees of the NBM has a powerful discouraging effect on the bank and an intimidating effect on its employees in the process of fulfilling their duties, NBM governor Octavian Armașu stated in an interview for the press.

“Such actions prevent the personnel of a central bank from appropriately fulfilling their responsibilities and reduces the institution’s capacity to ensure the supervision, transparency and stability of the banking sector. Moreover, such actions are a major risk to the country’s financial stability and can cause substantial damage to the state Republic of Moldova,” stated the governor.

He noted the prosecution body’s assertions that the NBM and its employees haven’t fully cooperated within the effort to investigative the bank fraud of 2014 cannot be yet understood. “I will reconfirm that the NBM offered and continues to offer all the existing materials, explanations, specialists, etc. For example, in 2020 the National Bank provided data in over 1 million electronic files and on over 10,000 sheets of paper,” said Octavian Armașu.

“I would like the human resources of the National Bank of Moldova not to be used in the struggle for protecting reforms as they should be aimed at innovation and development. In this regard, we need the authorities and society to understand the status and mandate of the National Bank, the particularities of the bank surveillance function, the necessity of respecting and implementing the guarantees that are indispensable owing to the complexity of the mandate of the National Bank”.