The Executive Board of the National Bank of Moldova appointed Romanian citizen Sorin Andrei as temporary administrator with powers of the Board of BC “Moldindcondbank” S.A., IPN reports.
The decision was taken after the term of temporary administrator Nicolae Dorin, who is the president of the Banks Association of Moldova, expired and could not be extended.
According to the National Bank of Moldova, Sorin Andrei has rich experience in the financial-banking sector. He earlier worked as executive director of bank branch, regional-corporate director at the Romanian Commercial Bank (BCR) and vice president and president of the Board of Directors of BCR Chisinau S.A.
The temporary administrators are named within the early intervention regime instituted at BC “Moldindconbank” after the National Bank of Moldova, on October 20 last year, determined that a group of persons who own significant shareholdings in the bank, totaling 63.89%, acted concertedly, without the central bank’s permission.
The National Bank said BC “Moldindcondbank” works in a normal regime and provides all the services, including those related to depositing, lending and withdrawal.
