Acting minister of finance Anatol Arapu was questioned about the bank frauds in the December 2 special sitting of Parliament. This informed the MPs about the measures taken by the Ministry of Finance in the period after Banca de Economii, Unibank andi Banca Sociala were placed under special administration, IPN reports.

Anatol Arapu said the Ministry of Finance issued a state guarantee for guaranteeing the emergency loans provided by the National Bank of Moldova to the three aforementioned banks to the total value of over 14.8 billion lei. On October 16, 2015, the balance of the emergency loans guaranteed by the state was 14.1 billion lei, while the balance of the calculated interest was 8.8 million lei.

The acting minister noted that according to the National Bank of Moldova, by November 20, 2015 Banca Sociala and Unibank partially repaid the emergency loan of 60 million lei and, respectively, of 140 million lei and fully paid the interest. On November 24, the balance of emergency loans was 13.9 billion lei.

According to Arapu, the state guarantee will be substituted with state securities issued by the Ministry of Finance. Their maturity is negotiated with experts of the International Monetary Fund because this has a major influence on the state debt.

The acting minister stated that when the state intervened, the three banks were already insolvent and the development partners recommended liquidating them.