The Executive Board of the National Bank of Moldova decided to extend the tenure of the temporary administrators of BC “Energbank” SA until April 11, 2020, IPN reports.

In a press release, the central bank says the temporary administrators fulfill their duties within the early intervention regime instituted at BC “Energbank” SA earlier. The bank works as usual and provides all the services, including those related to deposits, lending and settlement.

A year ago, the Executive Board of the National Bank of Moldova ascertained concerted activity, without its prior written consent, at Energbank and decided to suspend the exercise of particular rights in relation to 52.77% of the bank’s shares. As a result, the involved shareholders were to sell the shares held in the given bank’s share capital. The central bank also imposed early intervention measures at the bank under the law on bank resolution given that the shareholding exceeded 50%.