​NBM BLOCKS 64% MICB SHARES, DECLARING ACTIONS OF SHAREHOLDERS AS CONCERTED

The National Bank of Moldova has blocked 64% Moldindconbank shares, whose owners have acted concertedly. The NBM removed from function a number of bank managers, appointing its temporary administrator to the MICB.

According to the NBM press release, the regulator introduced supervising regime in the MICB since October 20.

The National Bank maintains that the Moldindconbank will continue working in normal regime, providing all the types of services to clients. The regulator points on the fact that the NBM has conducted a similar procedure with a group of Moldova Agroindbank shareholders, who also acted concertedly.

The National Bank’s press release said that the regulator will keep working in accordance with the Moldovan legislation, implementing best international practices, including the invitation of foreign experts for an efficient management and regulating the Moldova’s banking system.