Moldovan banks are well capitalized and well managed with 90% of banking assets belonging to European investors – the NBM.
President of the National Bank of Moldova (NBM), Octavian Armasu, stated this while speaking at the Moldovan Capital Markets Day at London Stock Exchange headquarters. According to the National Bank, during the event, the NBM leadership emphasized the important role of the authorities, business people and investors in strengthening their efforts to develop a common vision in the development of a safe and sustainable future. “We have recently implemented a very important reform program, including the IMF program, and these reforms have brought tangible results, which also led to the attraction of international investors - 90% of our banking assets belong to European investors. The banks are well capitalized and well managed. The reforms have increased transparency and trust of clients, including depositors (...) The banking sector has proven its resilience, especially during the recent pandemic crisis, and has actually provided the necessary support to the economy,” said Octavian Armasu. He stressed that the banking system of Moldova complies with the best international and European standards; the requirements of Basel III are being fulfilled. “The NBM, as a regulatory and supervisory body, will continue its efforts to continuously protect and improve the achievements reached in recent years. We want to maintain a strong banking sector, adapted to the digital age. In this sense, the NBM strives to promote the development of the banking sector for the benefit of the citizens and the modernization of Moldova,” said the head of the NBM. // 16.11.2021 - InfoMarket.
