Expert-Grup

Bank Shareholder Transparency Rating as of 31 July 2016

Thursday, 4 August 20168944 views
Bank Shareholder Transparency Rating as of 31 July 2016

Automatically translated summary. The full article is available in Romanian.

The Independent Think Tank “Expert-Grup” in Chișinău has published the second edition of its rating of shareholder transparency in Moldova's commercial banks. The analysis uses information available on the banks' websites as of 31 July 2016, together with other public sources.

The most transparent banks in terms of ownership are BCR Chișinău, Eximbank - Gruppo Veneto Banca, Mobias Banca – Groupe Societe General and ProCredit Bank. No bank received the lowest, one-star rating, which denotes very low transparency.

Natan Garștea, programme director at Expert-Grup and one of the authors, said banks were receptive to calls to publish shareholder information. He expects most banks to reach 4 or 5 stars within the next 2-3 editions if the trend continues. The rating does not reflect solvency or financial stability; it covers only the ultimate beneficiaries of bank shares, assessed through transparency and financial strength. On 12 August 2016 the rating was updated: after additional consultations and new disclosures by EuroCreditBank and its shareholders, the bank qualified for four stars. The study was supported by the Embassy of the Netherlands in Bucharest.

View the original article in Romanian