After the banking fraud and the crisis that followed, the banning system was cleaned and the banks are now solid and stable and ready to support investors, while the citizens have confidence in the banking system, said the governor of the National Bank of Moldova Sergiu Cioclea. In the forum Moldova Business Week 2018, the governor stated the banks in Moldova possess about €1.5 billion that waits to be invested in projects or loans and this is a huge reserve that will lay at the basis of the future economic growth, IPN reports.

“In 2018, we had three new investors in the Moldovan banking system. I expect one or two new investors will come next year. Changing the structure of bank shareholders is not a goal, but we want to attract more experienced investors that will know how to channel the savings accumulated in the form of deposits to valuable projects that would ensure the country’s growth and social wellbeing,” stated the governor.

He expressed his conviction that the time is now opportune for investing in Moldova. “This country has money. We are not the poorest state, but are regrettably the country that does not know how to correctly invest the money so as to ensure the population’s prosperity,” said Sergiu Cioclea. He added the reformed banking system will play an active role in this regard.

Sergiu Cioclea took part in the Moldova Business Week for the second time. The forum is an annual platform for exchanging information and good practices in order to implement economic development policies and present the global tendencies to which Moldova aligns itself.