GET Moldova – Bank fraud: Avoiding a double shock to public finances

In November 2014, three Moldovan banks were affected by fraudulent lending in the amount of USD 1 bn. This equates to about 20% of Moldova’s GDP. There is little chance of recovering the misappropriated loans, which means none of the banks are able to fully repay their deposits; the banks are insolvent. Since the previous government generously guaranteed the deposits and no significant deposit insurance exists, the state read  more…


During October 10-11, 2013, the Moldovan Bankers’ League attended the Membership Meeting of the European Banking & Financial Services Training Association – EBTN, held in Rome, Italy. The meeting was hosted by the centre for banking training ABI Formazione of the Banking Association of Italy. The meeting was attended by the EBTN representatives from about 20 countries, including Belgium, Germany, Denmark, Netherlands, United Kingdom, Malta, Italy, Spain, Russia, Poland, and Romania. Continuare