The National Bank of Moldova instituted special supervision for a period of three months at three banks, namely Moldova Agroindbank, Moldinconbank and Victoriabank, the central bank’s spokeswoman Rodica Teleuca has told IPN.

The special supervision was instituted in a move to obtain a larger volume and more detailed information than within the standard procedures. “The special supervision will be for the benefit of the clients, who will know that the National Bank monitors closely the banks’ activity, and for the benefit of the banks and their shareholders,” stated Rodica Teleuca.

BC Moldova Agroindbank SA issued a communique, saying the special supervision procedures are due to the unstable political and economic situation in Moldova, especially to the problems faced by the national banking system lately.

On its website, BC Victoriabank SA says that according to the law, the special supervision commission does not substitute the current administrators of the banks. The goal of the special supervision is to obtain comprehensive information about the activity of banks. Victoriabank works according to the normal regime and no operations were limited or suspended.

The Administration Board of BC Moldindconbank SA also said that the bank works as usual and with no restrictions, while the measures taken by the central bank are additional occasion for increasing the bank’s credibility and transparency and excluding reasons for unfounded speculations.