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Moldova's c-bank to run Moldindconbank for further 6 months

Moldova's c-bank to run Moldindconbank for further 6 months Moldova's national bank - BNM

CHISINAU (Moldova), April 22 (SeeNews) - Moldova's central bank BNM said that the country's second-largest lender Moldindconbank (MICB) will remain under its temporary administration for a further six months as of April 20.

"The Bank operates on a regular basis and provides all services, including those related to deposits, lending and settlement operations," BNM said in a statement on Friday.

It gave no reasons for its decision.

In March, Bulgarian diversified group Doverie United Holding [BUL:5DOV] said it has completed the settlement of its deal to acquire 63.8865% shareholding interest in MICB through its wholly-owned unit Doverie-Invest.

BNM had been trying to sell the majority stake in MICB since April 2018, after confiscating it from shareholders who operated in a non-transparent, coordinated way.

Doverie United Holding controls 22 companies active in various sectors of the economy, including construction, healthcare, retail trade, textiles and others. Doverie United Holding's largest shareholder is blue-chip drug maker Sopharma [BUL:3JR], which held a 33.24% stake in the company at the end of 2018.

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