Decoding the Kroll Report. Analysis on basic factors which led to the decapitalisation of Banca de Economii, Banca Sociala and Unibank
Decoding the Kroll Report. Analysis on basic factors which led to the decapitalisation of Banca de Economii, Banca Sociala and Unibank

Author(s): Adrian Lupuşor, Vladislav Gribincea, Akexei Buzu
Subject(s): National Economy, Financial Markets
Published by: EXPERT-GRUP Centrul Analitic Independent
Keywords: Banking in Moldova;
Summary/Abstract: This analysis has been drawn up in the context in which 3 banks of systemic importance and which constitute about 35% of the whole Moldovan banking system assets reached insolvency limit in late 20141. The Banca de Economii, Banca Sociala and Unibank (hereinafter, BEM, BS, respectively UB) have been placed under special administration of NBM at the end of November 2014, as a result of the dramatic downfall of the financial situation. Thus, the capital adequacy indicators have dropped below the minimum allowable level, and the share of nonperforming loans increased substantially (Figures 1 and 2).

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