The solution used in the case of Banca de Economii was the most indicated in the created situation and the Government took account of the recommendations of the parliamentary commission that examined the situation at the bank, Minister of Finance Anatol Arapu said in the October 3 parliamentary hearings. As a result, the capital of Banca de Economii will rise by almost 1 billion lei.
He reminded that earlier, the parliamentary commission, which was headed by Communist MP Oleg Reidman, proposed three variants for overcoming the difficult financial situation created at the BEM: 1. to nationalize Banca de Economii; 2. to yield the state-owned controlling shareholding to a private investor, by preserving the blocking holding of 33%; 3. to increase the statutory capital of the debtors of Banca de Economii (from among state-run companies) that have delinquent loans.
The conclusions and recommendations of the parliamentary commission were accepted unanimously by the lawmakers, including the Communists. The legislative body instructed the Government to choose a variant within 60 days so as to attract investments of 1 billion lei.
The interministerial commission chose the second variant. The Government implemented it within 60 days, in accordance with the Parliament Decision, said Anatol Arapu.
The commission for commercial and investment contests supported the given variant and proposed making a closed-type additional share issue at the BEM, without the participation of the state. As a result, the state remained with a blocking holding of 33% + 1 share.
Consequently, the bank’s statutory capital will increase by 80.5 million lei from the investments of private shareholders that pledged to offer a loan of minimum 600 million lei to the bank and to take over delinquent loans of minimum 300 million lei.
