7/30/2019 BERD anunta despre un nou atac raider la MAIB

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European Bankrar nm...rr.rrr.r. not r>Mr.,,.....rrSrurrrr ClrtrltrnirltrtiPtasidztrlMr,NieolneTimui1iPresident ol"the Republic ofMoldovrrMr, r/rsnmr trrprrPresident, Parliament or MoldovaMr. visa rantActing Pr-ima Manner-Mr. Darin DragutanuGovernor, National Bank ofMoldnva (NRM)

l8 April 20l3

Your Exeelleneies,l`he Commercial Bank Moldova-Agroindbz\nk" (MAIB) is our largest partner bunkin the Republic ol'Moldova. Protecting and sustaining tire commercial orientation andgood corporate governance nf`MAlB is ofparanrount importance to the heulth ofthefrrraneial sector' and to Moldova's economic pertbrmance,We do rrpprcerare the on-going ertrrns being made hy the Mnrdrrvarr arrrrruriues toensure that only sound and r'eputable investors hold shares iu Moldovan banks, Therecent developnrents in this regard, namely enactn-rerrt of tlre amendments to the Lawon rrrnneiar trrsrinrrrrms and other related raw, appear to equip the Nam with themeans to protect the integrity ofthe banking system. It is also our understanding thru.unlike in 201 1, the frnaneial market regulators have enhanced powers to suspend andinvestigate doubtful share transfers and impose sanctions for illicit translerstHowever, we have become aware that transactions related to the shares ofMALE aretaking place that appear' ofa suspicious nature and similar to the eorporate raids whichtook place on MAIB in the summer of20l 1. We would kindly ask you to urgentlylook into the events and to ensure that all appropriate measures available under-Moldovan law are taken to suspend lltese transactions and cancel their effect on thebank ifthey ure shown to be illicit. lt is impurtttnt to the integrity ofthe bankingsector that airy movement of shares is made in a fully transparent and legal manner,with Hill tlisclusrrre ofthe final beneficial owner(s),Given the potential risk to the banking system, which is ofnu tloubt oquirl concern toother institutions like the IMF, IFC andthe European Conrrnission, we will continueto coordinate our activities regarding this ease with them.

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7/30/2019 BERD anunta despre un nou atac raider la MAIB

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I am pleased to inform you that our Board of Directors approved yesterday miextension to our Financial Sector Framework for Moldova ofup to EUR B0 million.ln addition, together with other investors we are considering a new investment i|\MATB, subject to all internal approvals, However, our continued involvementrequires the Moldovan authorities to take decisive action to avoid that MAIB becomescontrolled by non-transpanettt shareholders nt parties not lit and proper' under the law,The attraeiiveuess ofMoldovn to investors does require you to make full use oftheerrhauced legal hamework to ensure the full transparency and continued cunurrercinlorientation ofthe financial seetur.We would appreciate timely information on the steps taken by thc authorities inrespect ofthe above issue and results aclricved in that regard.

W /efntfe/anM Awe

cc: Mr. Werner Hoyer, President, European Investment BankMJ. Victot Captati, Vice-President ofthe National Commission oflfinancialMarketMr. Stefan mite, crrmrrrissinner-, DG Enlar-genrenr, European CommissionMr. Reza Moglmdam, Director ofthe European Department, IMFMr. Jin-Yong Cai, Executive Vice President and CEO, LFC