Victoriabank shareholders accuse board of offering non-performing loans

A group of Victoriabank shareholders complains that the bank has been offering non-performing loans not backed by mortgages, while the board provides fake reports to conceal it. They want to summon the extraordinary meeting of the bank's General Assembly in order to elect a new board.

Angela Maxim, senior jurist of Asito, owning 5% of the bank's shares, provided copies of prosecution ordinances for unpaid loans at a press conference on Friday. “These aren't recent, if somebody thinks we are behind them. These are from 2012, which proves that the bank was already offering non-performing loans without demanding mortgages even then”, she said.

Asito vice director Ruslan Dobos said that the image of the bank was already marred by reports with fake data and by the board's actions. “Asito has invested in this bank and doesn't want to lose its money. This would cause problems with reimbursing expenses for people insured at our company”, said Dobos.

Ion Dorogoi, representative of Corplexus LTD, another shareholder, told the press conference that the exact value of the offered non-performing loans was unknown, but it was big enough to concern the shareholders.

The representatives of the owners of 25% of shares demand the summoning of the extraordinary General Assembly for February 28 in order to elect a new board. They call the larger shareholders from abroad to delegate representatives at the General Assembly in order to learn about the true situation of the institution.

According to information presented at the press conference, last year the bank's income was 100 million lei lowe than planned.

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