IMF Recommends to Improve Indicators of Moldovan Banking Sector
OREANDA-NEWS. May 06, 2014. As it was stated by the experts of the Fund on the basis of consultations held in Chisinau to reduce the risks associated with the vulnerability of the banking sector, the important determination in ensuring compliance with the requirements of capitalization and liquidity shall be taken. IMF experts emphasize that after recapitalization Banca de Economii minority shareholders must carefully monitor the activities of the bank up to normalize the situation.
According to IMF experts, despite the fact that the government now owns a smaller stake , the Ministry of Finance needs to provide strong representation on the board of directors of BEM in order to protect the state interests.
Moreover, the NBM should refrain from the indulgence in respect of individual banks and the government - from the commercial banks providing privileged access to the additional public sector deposits.
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