The National Bank of Moldova (NBM) said the liquidators of Banca de Economiii (BEM), Banca Socială and Unibank continue to take measures to sell the assets. Since their licenses were withdrawn in October 2015 until the end of 2020, the banks collected a total of 2.60 billion lei, IPN reports, quoting the Bank.

In the period between November 2014 and October 2015, the NBM offered the three banks emergency loans covered by state guarantees in the amount of 14.121 billion lei. The BEM received 9.273 billion, Banca Socială – 2.7 billion, while Unibank – 2.148 billion lei.

The money available in the accounts of the three banks when the licenses were withdrawn and the money collected later by the liquidators is used to pay the costs incurred in the liquidation process and to service the emergency loans.

Since the licenses were withdrawn until December 31, 2020 inclusive, the liquidators of the three bask paid a part of the debts related to the emergency loans to the National Bank and to the Ministry of Finance. In the fourth quarter of last year, the liquidators held a number of auctions to sell assets of the BEM, Băncii Sociale și Unibank.