Thanks to the reforms carried out in the banking sector, this field is currently viable and stable, with an adequate financial architecture and with high-quality banking services, the Governor of the National Bank of Moldova (NBM) Octavian Armașu stated in a meeting with Katarina Mathernova, Deputy Director General of the Directorate-General for European Neighborhood Policy and Enlargement Negotiations of the European Commission, IPN reports.

According to a press release of the central bank, Octavian Armașu stressed that due to these results, but also to the monetary policy measures taken by the NBM, it was possible to support the population and the national economy during the pandemic.

In this connection, welcoming the progress made by the NBM in reforming the banking system Katarina Mathernova underlined the importance of continuing reforms to ensure financial stability in the Republic of Moldova. She reiterated that the European Union is near Moldova, including by providing new macro-financial assistance.

The officials also discussed Moldova’s accession to the Single Euro Payments Area (SEPA). In this regard, it was noted that the participants in the process are analyzing the accession criteria and the steps that are to be taken for making this commitment.