As of March 31, Banca de Economii, Banca Sociala and Unibank managed to recover 2.77 billion lei, with trustees taking further steps to sell the assets of the banks that went bankrupt after the infamous fraud discovered in 2014.

During November 2014 to October 2015, the three troubled banks received 14.1 billion lei in bailout loans from the National Bank.

The money recovered from selling the assets is used to cover operational costs in the liquidation process and for paying back debts.

“The liquidators of the three banks take further measures to recover the loans. The liquidators cooperate with the investigation bodies and the judicial bodies and continue working with the debtors, the final goal being the repayment of the loans taken out from these banks and the payment of the emergency loans granted by the NBM”, the central bank said in a press release.