Five members of the Administration Board of the commercial bank “Energbank” SA were fined a total of 156 459 lei. The Executive Board of the National Bank of Moldova decided to impose the fine after it examined the results of the all-inclusive inspection carried out at this bank, IPN reports.

The managers of “Energbank” were warned not to allow violations of the regulations in the future or heavier penalties will be imposed.

The identified irregularities include the non-observation by the bank of the prudential requirements in lending activity, concentration of risks, classification of assets, violations of the regulations concerning transactions with affiliated persons, etc.

The National Bank said the identified violations didn’t affect the prudential limits set by the central bank and, consequently, there are no major threats to the stability of “Energbank”. The bank works as usual and provides all the proposed services.