Banks under special administration to stop administering deposit accounts

Within the preparations for withdrawing the licenses of Banca de Economii, Unibank and Banca Sociala, the given banks will stop administering the sight and time deposits of natural and legal persons starting with October 9, 9pm, IPN reports.

In a press release, the National Bank of Moldova says that after 9pm, all the money that will come into the accounts of natural and legal persons will be returned to the initiator of the payment, except for the money intended for servicing loans obtained from the three banks. The clients of Banca de Economii, Unibank and Banca Sociala will continue to have access to their sight and time deposits until the available balance is used.

Before withdrawing the licenses of the three banks, the unused money from the deposits of natural and legal persons will be transferred in a centralized way to other banks, by keeping the contract conditions of the existing deposits. The clients will be able to find out information about the banks to which these were transferred at the local offices of banks.

Earlier, the National Bank announced that the operations with bank cards issued by the aforementioned banks will be stopped also on October 9, starting at 9pm.

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