Shareholder Transparency Rating of Moldovan Banks (as of 31 July 2016)

Following additional consultations, EuroCreditBank and its shareholders disclosed further information, on the bank's website and on linkedin.com. As a result, the bank now qualifies for four stars in the rating. Banks are listed alphabetically within each category.

Expert-Grup encourages other banks and their shareholders to keep disclosing relevant information, which would give a much clearer picture of ownership structures. After recent events in the banking system, shareholder transparency has become essential to regaining trust. The rating is meant to monitor and stimulate transparency, and its publication is already producing tangible results. The rating does not reflect banks' solvency, returns or profitability, and is not an indicator for deciding where to place savings or raise financing. The publication was supported by the Embassy of the Netherlands in Bucharest.