A bill submitted to Parliament is designed to annul a number of amendments adopted in April by the assumption of responsibility by the Government. According to Prime Minister Valeriu Strelet, the amendments will be annulled in a move to remove the impediments that blocked the intention of the European Bank for Reconstruction and Development (EBRD) to increase its shareholding in Victoriabank. Such statements were made after the August 10 meeting of the Cabinet, IPN reports.
“I hope we will manage to remove this obstacle so that the EBRD could have a more robust presence in Moldova’s banking system,” stated the Premier.
Valeriu Strelet refused to provide details as to who placed these impediments and why, but said that these are to be eliminated.
The EBRD has called for an extraordinary general meeting of shareholders of Victoriabank, Moldova’s third largest lender, to elect a new supervisory board and restore corporate governance. In a public letter on August 7, 2015, the Bank, currently holding a 15.06 per cent-stake, called on other shareholders of the bank to join the request to convene an extraordinary meeting.
