The private shareholders of Banca de Economii (BEM) offered subordinated loans of US$50 million to the bank. The loans are repayable in six years at a fixed interest rate of 3% annually. The repayment of the loan in advance is not possible, IPN reports.

According to a communiqué from the BEM, the investments made by the private shareholders will have a positive impact on the essential rise in the bank’s normative capital and will allow instituting a series of changes aimed exclusively at enhancing the stability and value of the institution. This will enable Banca de Economii to comply with the regulations of the National Bank of Moldova and to increase the clients’ confidence by offering the possibility of benefiting from new products and services, extending access to bank services by improving infrastructure.

The measures taken by the private shareholders will fully ensure the bank’s financial stability and will foster its development, preparing a safe and sustainable platform for new accomplishments, it is said in the communiqué.