Regulatory Alerts2019-12-13
Regulation on the Licensing of Banks and Branches of Foreign Banks in Moldova
The National Bank of Moldova issued Decision no.328 to repeal previous licensing regulations and establish new requirements for granting licenses to domestic banks and branches of foreign banks. The regulation mandates minimum capital thresholds of MDL 200 million and outlines strict procedural timelines for prior approval, license issuance, and the assessment of governing body members and shareholders. It further details specific licensing mechanisms for bridge banks and permissions for financial services, ensuring compliance with Moldovan banking laws.
Share