February 11 (SeeNews) - Moldova's central bank has decided to lift the early intervention regime at local Moldindconbank, the bank's parent company - Bulgarian diversified group Doverie United Holding [BUL:5DOV], said on Tuesday.
In addition, Moldova's central bank approved the appointment of Nikolay Borissov and Penka Kratunova as members of Moldindconbank's management board endorsed by the lender's supervisory board in December 2019, Doverie United Holding said in a statement.
The early intervention regime was established at Moldindconbank in October 2016, when the central bank found that the lender's shareholders had operated in a non-transparent way.
Last year, Doverie United Holding's wholly-owned unit Doverie-Invest acquired 63.8865% shareholding interest in Moldindconbank in a public auction and subsequently acquired a further 13.73% through a buyout bid.
Doverie United Holding owns majority stakes in over 20 companies active in various sectors of the economy, including healthcare, insurance, banking, retail trade, real estate, and others.
Moldindconbank SA is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here