Expert-Grup Publishes Rating of Transparency and Quality of Bank Shareholders in Moldova

The top five positions are held by Mobiasbanca - Groupe Societe Generale, ProCredit Bank, BCR Chisinau, FinComBank and Eximbank - Gruppo Veneto Banca. The situation at Moldova-Agroindbank is unclear, as the National Bank of Moldova has blocked a group of shareholders holding 39.58%.

Author Dumitru Pintea said low shareholder transparency and quality undermined corporate governance, leading to toxic assets and the collapse of three banks: Banca de Economii, Banca Socială and Unibank. He called for action by the National Bank of Moldova, as set out in Expert-Grup's 2016-2017 action plan for cleaning up the banking sector, and by the banks themselves. The rating does not reflect solvency or financial stability, only the ultimate beneficiaries of bank shares, assessed by transparency and financial strength. The report was republished in a modified version after discussions with several banks.