OREANDA-NEWS. December 03, 2014. This was declared by NBM President Dorin Dragutanu briefing. According to him, this fact explains why the National Bank of Moldova has introduced special administration at BEM.

Regaining the majority stake at BEM has become possible after the Supreme Judicial Court, last Thursday, cancelled the resolution on an increase in BEM’s equity through an additional issue of shares that resulted in the contraction of the state's shareholding from the controlling 56.13% to the blocking 33.38%, Dorin Dragutanu says.

According to him, the Bank is running as usual. An NBM-appointed administrator is going to directly manage the bank’s activities, ensuring the bank’s proper functioning and its assets’ integrity until a new management is appointed.

The recent activities of the bank will be audited. Special administration has also been established in Banca Sociala, which performed a lot of interbank loan transactions with BEM and the legality of the loans’ issues and use requires checking.