The Executive Board of the National Bank of Moldova decided to extend the terms in office of the temporary administrators of the commercial bank Moldindconbank for a period of six months, as of October 20, IPN reports.

According to the National Bank of Moldova, the temporary administrators work under the early intervention regime instituted at Moldindconbank after the central bank ascertained the concerted activity of a group of persons who held a substantial part of the bank’s share capital, of 63.89%, without the central bank’s consent.

The National Bank said Moldindconbank works as usual and provides all the services, including those related to deposits, loans and transfers.