Chișinău // Expert-Grup has published the second issue of its Bank Shareholders’ Transparency Rating in Moldova. According to the analysis based on the information available on banks’ websites as of July 31st 2016 and other public sources, the most transparent shareholders are at BCR Chisinau, Eximbank - Gruppo Veneto Banca, Mobias Bank - Groupe Societe General and ProCredit Bank.
The Rating looks as follows:
The one star rating implies a very low level of transparency, where the majority of shares are owned by individuals on which there is no public information or they fall into risk categories.
"The banks have been particularly responsive to our calls for publishing information on shareholders, so that many of them had their scores improved. Should this trend continue, I believe that in the next 2-3 three issues of the Rating, most banks will be graded as high as 4 or 5 stars”, said Natan Garștea, program director at Expert-Grup and co-author of the study, on the Rating results.
It is worth noting that this Rating does not reflect the solvency and financial stability of these banks, but only refers to the structure of the final beneficiaries of the shares, which were analysed in light of two perception indicators: (i) transparency; and (ii) financial strength. For more information of methodology, please access the analysis here (only available in Romanian).