NBM APPROVES NEW CHAIRMAN TO MOBIASBANCA BOARD OF DIRECTORS

The National Bank of Moldova appointed Laszlo Diosi as new Chairman of the Board of Directors of Mobiasbanca – Group Societe Generale, while Zoltan Mayor – as new member of the Board.

According to the NBM press release, Laszlo Diosi had worked as member and head of the OTP Bank Romania over the last 13 years. Zoltan Meyor has for the last 10 years been working in the European banking sector, holding leading positions, including the OTP Group and other banks.

The regulator’s message says that the approved heads of Mobiasbanca have necessary powers to administrate the institution.

Despite the successful selling of Mobiasbanca – the asset of the Societe Generale financial group – to the Hungarian OTP group, the regulator in its decision gives the old name – Mobiasbanca – Groupe Societe Generale.

According to high-ranked representative in the Mobiasbanca leadership, the bank submitted documents to the National Agency for Public Services on making changes to the bank Regulations, including the new bank name – Mobiasbanca – OTP Group.

The Infotag interviewee confirmed that Mobiasbanca – OTP Group will announce tender proposal on redeeming the remaining bank shares from small shareholders in time frames established by the legislation. According to the law, the investor, which is buying over 50% of shares in a joint stock company, is obliged to propose to other shareholders to redeem the papers at the price it bought the major package.

In case of the OTP Group, which bought over 96% of Mobiasbanca, the proposed price for buying the remaining shares will account for 152.57 lei per one share with nominal value of 10 lei. Such a cost of papers means that they will be sold with equity multiplier of 0.86. This is much higher than the rate in transactions with assets of Moldova’s systemic banks – Victoriabank, Moldova Agroindbank and Moldindconbank in 2018-2019.