OREANDA-NEWS. September 23, 2013. The Banca de Economii’s (Savings Bank, BEM) private shareholders have fulfilled the assumed engagement by providing the back with a subordinated loan of 50 million dollars, according to a bank’s press release broadcast.

“The loan’s reimbursement term is of 6 years, without possibility of anticipated refunding and with an annual fix 3-per-cent interest,” the bank said. The private shareholders’ investments would have a positive impact on essential increasing of the bank’s total normative capital, as well as the launching of a range of changes exclusively directed to rising up the institution’s stability and value.

This will allow the bank “to comply with the Moldovan National Bank’s regulations and to assure the client’s trust by providing them with opportunities to benefit from new products and services, increasing access to the offered bank services by improving infrastructure”.

The bank assures that the measures taken by private shareholders would fully ensure the instiotution’s financial stability, would boost up its development by preparing a sure and sustainable platform for new performances.

After the 29 August 2013 stocks issuance, following which the state has lost the control over bank and has only left with a 33.33-per-cent seizing package plus a stock, it was announced that the private shareholders would invest 1 billion lei.

The transaction with a package of 20 per cent of the bank’s stocks, due to which the state has lost control over the financial institution, was discussed during parliamentary hearings. The Communist and Liberal MPs have requested to be reimbursed the majority stocks package into the state’s property. The Liberal lawmakers also requested the Prosecutor General’s Office to investigate if the government’s representatives in the bank’s management board had acted legally or not when they decided not to participate in increasing the bank’s capital.

The Communist MPs have requested the government’s dismissal, annulment of the decision of the bank shareholders’ meeting and punishment of those who have diminished the state’s quota in this bank. The Communists said that the ruling authorities had stolen these enterprises and this is why they would address to the Prosecutor General’s Office, National Anticorruption Centre and the Information and Security Service to investigate the circumstances.