Banca de Economii (Savings Banks of Moldova): The fall of a giant

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Publishing date: Thursday, 23 January 2014
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Evolutions of the last years at „Banca de Economii” (Savings Bank of Moldova) stresses out the poor management practices at state companies, uninspired political decisions and carelessness of the public institutions. The political decision of taking over a bankrupt bank - InvestPrivatBank, corporate raiders, delayed and contradictory actions of the public institution, as well as dilution of the value of the stocks after the secondary public offerings have seriously affected „Banca de Economii”.

Following all these effects, the Governement lost merely MDL 527 mln.

The study is not available in English until further notice.

Tags: Natalia Chitii

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