RegAlert2025-12-02 | 58/2Added · Updated
Decision regarding petition no. 7005 registered with the National Financial Market Commission on 23.09.2025 concerning OTP Bank SA
The National Financial Market Commission of Moldova issued Decision No. 58/2 ruling that OTP Bank SA violated Article 45(4) of Law No. 114/2012 by unilaterally terminating a consumer's banking contracts with only 15 days' notice instead of the legally required two months. The Commission found that while the bank cited sanctions associations, it failed to prove the client violated contractual obligations justifying immediate termination under Article 45(6), and the short notice period breached mandatory statutory requirements. Although the violation was confirmed, no administrative fine was imposed because the specific penalizing legislation entered into force after the bank's actions occurred, rendering retroactive application impossible.
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REPUBLIC OF MOLDOVA
NATIONAL FINANCIAL MARKET COMMISSION
77 Stefan cel Mare si Sfant Blvd., Chisinau, MD 2012, tel: (373 22) 859 401, www.cnpf.md, e-mail: office@cnpf.md DECISION 2 December 2025 No. 58/2 Regarding the petition registered with the National Financial Market Commission under no. 7004 on 23.09.2025, concerning "OTP Bank" SA
On 23.09.2025, within the framework of the National Financial Market Commission (CNPF), the petition of Mr. [...] (petitioner), registered under no. 7004, was registered, having as its object the actions of "OTP Bank" SA (the bank) regarding the closure of the petitioner's bank accounts.
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Source: National Commission for Financial Markets Moldova — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works