The Executive Committee of the National Bank of Moldova established that a group of shareholders of BC “Moldova-Agroindbank” SA acts concertedly in relation to this bank and earlier purchased a significant shareholding of the bank’s registry capital (39.58%), without obtaining the written consent of the central bank first. Thus, the National Bank blocked the given group of shareholders, IPN reports, quoting a press release of the institution.
The shareholders will be asked to comply with the Law on Financial Institutions, which obliges to sell the shares purchased this way within three months, from March 2, 2016.
The Executive Committee ordered that BC “Moldova-Agroindbank” SA should convoke and hold the General Assembly of Shareholders within 30 days and consider discharging the bank’s Board so that a new Board could be named.
On March 2, the Executive Committee also annulled the confirmation of two managers (vice presidents of the Administration Board) of BC “Moldindconbank” SA.
The National Bank of Moldova said the measures were taken with the aim of increasing the bank share ownership transparency, strengthen the banking sector and contribute to ensuring financial stability in Moldova.
