The Executive Committee of the National Bank of Moldova decided to impose fines of eight to ten average salaries in the financial sector on 11 former managers of the commercial bank Moldindconbank. The fines came to 1 719 785 lei, IPN reports, quoting a press release of the central bank.

The fines were imposed for violating provisions of the Law on Financial Institutions and normative documents of the National Bank of Moldova in the period when these managed the bank. The violations mainly include the non-observance of prudence requirements concerning risk concentration, asset assessment and classification in lending activity and provision of loans to groups of persons who are connected.