NBM approves new members of Board of “Moldindconbank”

28.04.2020 00:05
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The Executive Board of the National Bank of Moldova (NBM) confirmed Herbert Stepic and Thomas Michael Higgins, who have distinct experience in the international financial-banking sector, as members of the Board of BC “Moldindconbank” S.A, IPN reports.

According to the NBM, Herbert Stepic asserted himself as an expert of a high professional value and probity, working during over 30 years for the Raiffeisen Banking Group in Austria, Slovakia, Hungary, the Czech Republic, Bosnia and Herzegovina and another nine states. He also worked in the Executive Board of the Raiffeisen Bank International AG in Vienna and was a member of the Board of the banks of the Raiffeisen Group. Euromoney magazine, in its jubilee edition, named him one of the architects of the transition in Central and Eastern Europe.

Thomas Michael Higgins also has a rich experience of 20 years in the financial-banking sector. During the last few years, he served as a member of the Supervisory Board of Tokuda Bank AD., Bulgaria. He also works as the vice president of the Board of Directors of “EMP Invest Bulgaria” J.S.C. and earlier served as a member of the Supervisory Board of the investment company “BM Leasing” J.S.C., Bulgaria, “Bulgarian American Credit Bank” J.S.C.

With the two new members, the composition of the Board of BC “Moldindconbank” S.A. is complete and will work according to the modern standards and the bank’s objectives aligned with these in a well-coordinated professional view. The other Board members were appointed by the NBM on November 29, 2019.

During October 20, 2016 – February 11, 2020, BC “Moldindcondbank” S.A. had worked under an early intervention regime. In the period, it became attractive to clients, partners and investors.

In 2019, the majority shareholding of BC “Moldindconbank” S.A. was bought by the European investor DOVERIE UNITED-HOLDING AD that set the goal of developing the strategy of an efficient and innovative bank. Currently, BC “Moldindcondbank” S.A. works under a normal regime and provides all the banking services, assured the NBM.