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Press release

22.06.2016

On June 16 2016, the Council of BC "Moldindconbank" S.A. has approved the decision to sign a contract with Raiffeisen Bank International, who will act as a financial advisor and provide assistance in identifying a strategic investor, with a shareholding of over 50% of the Bank's capital.

This agreement is a step forward in the process that the Bank has initiated previously, based on the Board’s decision from March 31, 2016.

As agreed by both parties, the consultation process and the identification of a strategic investor will take place in three stages:

I. Diagnostic analysis of the bank, lasting up to 3 months;
II. Implementation of improvement measures, identified as a result of the analysis;
III. The sale process, lasting up to 9 months.

The Bank’s Council has also approved the international auditing company ICS "Deloitte & Touche" SRL, to perform the diagnostic analysis of the Bank.

BC "Moldindconbank" S.A. Council considers that contracting companies with international reputation such as Raiffeisen Bank International and "Deloitte & Touche" SRL, in the process of attracting a strategic investor, is an essential and beneficial decision.

The initiated process will ensure the further development of the Bank and the banking sector of Moldova.

 

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