The Executive Board of the National Bank of Moldova decided to impose a fine against two direct shareholders of qualifying holdings in the share capital of the „Banca de Finanțe și Comerț” S.A. - "Biotex Com" SRL (6,82%) and "Avicomagro" SRL (6,82%). The decision was determined by the bank’s failure to submit in full the information/documents required by the NBM for the purpose of exercising supervision and evaluating the shareholders’ quality in compliance with the provisions of the Law on banks’ activity and the Regulation no.127 of 27.06.2013 on holding of equity shares in the banks’ share capital.
The fine amounting to 1% of the shareholders' holding in the bank's share capital will be paid to the state budget.
More details on this decision, the sanction challenging and its result may be found in the table "Sanctions applied by the National Bank of Moldova under the Law on banks’ activity".
The bank operates in normal regime and provides all services, including those related to deposits, lending and settlements operations.