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The banking system is waiting for a major investor

The head of the National Bank of Moldova (NBM), Anca Dragu, said that Moldova is preparing for the arrival of a major international investor in its banking system after the reforms carried out in this sector a decade ago, Logos Press reported.
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The banking system is waiting for a major investor

Anca Dragu

These reforms were initiated by the billion-dollar theft scandal that brought the country to the brink of bankruptcy, the NBM head said.

“I am sure that soon we will see big international companies in Moldova,” Anca Dragu said in an interview Bloomberg on the occasion of the forum of Central and Eastern European countries in Vienna.

“In terms of financial stability, we are doing well and the banking sector looks quite strong. All banks are well above our capital requirements, which means that there is room for further growth in lending activity,” Anca Dragu added.

Bloomberg agency adds that Moldova aims to join the European Union by the end of the decade. According to the agency, the National Bank and the pro-European government of President Maia Sandu are pushing forward with reforms aimed at strengthening Moldovan institutions and reducing corruption.

Anca Dragu also highlighted recent developments that could help expand Moldova’s banking sector, saying the country now has ten well-capitalized and highly liquid banks.

Although Dragu declined to give details on potential deals in the near future, it is known that maib, the country’s largest bank owned by Heim Partners, could be the subject of a possible deal or listing, Bloomberg writes.


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