The IMF is concerned about the accusations of the Anti-Corruption Prosecutor's Office against Victoriabank and the decision to seize the bank's assets, regarding the investigation of banking fraud in 2014. In an official statement of the head of the IMF mission in Moldova, Ruben Atoyan notes that Victoriabank has undergone modernization and clean-up processes, and that much progress has been made in this area. According to him, the investigation of the bank fraud from 2014 has a critical importance.
After the fraud of 2014, several important reforms were implemented for the cleaning and modernization of the banking sector in the Republic of Moldova, one of them being the entry of "Transilvania" in "Victoriabank", in strategic partnership with EBRD, which can be described as a landmark.
"Progress with great efforts in this area must be protected," Ruben Atoyan, head of the IMF mission to Moldova, said.
According to Ruben Atoyan, the International Monetary Fund will closely monitor developments in this area.
"The IMF will closely monitor developments in this area, especially in terms of the potential implications for the new IMF-supported program, which focuses on strengthening the rule of law. We are ready to support further reforms in Moldova," said Ruben Atoyan.
We remind you that the Association of Romanian Investors in the Republic of Moldova, the European Business Association Moldova and the American Chamber of Commerce in Moldova (AmCham) issued a joint statement disapproving of the recent actions taken by the Moldovan authorities against Victoriabank SA.
Recently, the European Bank for Reconstruction and Development, Victoriabank's main shareholder, also expressed concern about the Anti-Corruption Prosecutor's Office's accusations against Victoriabank and the decision to seize the bank's assets.
The seizure was allegedly applied to cars, real estate, state securities and their nominal values in the total amount of about 2.3 billion lei.
The European Bank for Reconstruction and Development has been a shareholder in Victoriabank for 20 years. Currently, the EBRD and Banca Transilvania, through VB Investment Holding in the Netherlands, hold 72.19% of the bank's shares.