Regulatory Alerts2025-01-31 | 6/1Added · Updated
On the Authorization of the Reorganization by Merger (Absorption) of Commercial Bank VICTORIABANK S.A. and Commercial Bank BCR Chisinau S.A.
The National Financial Market Commission of Moldova authorized the reorganization by merger, specifically the absorption of BCR Chisinau S.A. by Commercial Bank VICTORIABANK S.A., following the examination of applications submitted in December 2024. The Commission consolidated the administrative procedures for both banks into a single process based on shared legal grounds and factual circumstances. The decision mandates that VICTORIABANK initiate the cancellation of BCR Chisinau's securities from the National Financial Market Commission's registry after the merger is registered and BCR Chisinau is deregistered.
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