The banks in the Republic of Moldova are well-capitalized and well-governed. The reforms have increased transparency and trust for customers, including depositors. The banking sector has proven to be resilient, especially during the recent pandemic crisis, and, in fact, has provided the necessary support to the economy,” National Bank governor Octavian Armașu said in the opening of the Moldovan Capital Markets Day organized at the London Stock Exchange, IPN reports, quoting a press release of the central bank.
The Bank’s administration noted that 90% of the Moldovan banking assets are owned by European investors. This is due to very important reform agenda that was recently implemented, including the IMF program, and these reforms brought tangible results, which have also resulted in the attraction of international investors. Also, the authorities, businesspeople and investors play a major role in strengthening efforts for a common vision in developing a secure and sustainable future.
Octavian Armașu stated that the Moldovan banking system was aligned with the best international and European standards, with Basel III requirements being implemented. “The NBM, as a regulatory and supervisory authority, will continue its efforts to constantly protect and improve the hard-won achievements from the recent years. We want to have further a strong banking sector, adapted to the digital age. In this sense, the NBM is committed to promoting the development of the banking sector for the benefit of the citizens and modernization of the Republic of Moldova,” said the official.
The London event was aimed at promoting investment opportunities in Moldova. The forum was an effective platform for interaction among representatives of the government, the central bank, Moldovan public and private companies and international financial institutions.
The visit to the United Kingdom was made during November 15-16, 2021.
