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3,173,751 ordinary first class ordinary shares issued by Moldindconbank can be traded between July 3rd and 16th, the second largest bank in Moldova, written in Mold Street. com
The single package represents 63.89% of the bank's capital. Previously, a similar package would have belonged directly or through intermediaries to Veaceslav Plato, and after the failure of their sale, the shares were annual and new ones were issued.
The second place and a 20% share of the system
The initial selling price is 239.50 lei per share, the total value increases to 760 million lei (45.25 million dollars or 38, 2 million euro). The Bank has already published a Investment Memorandum with a brief overview of the evolution, status and performance of the institution.
Thus, the bank occupies the second place in the banking system and holds 20% of the domestic banking market on different indicators. "The reduction in market share in the 2016-2017 period is mainly due to lower lending in asset mix," reads the paper, writes mold-street.com.
Moldindconbank is the leader in the payment card market and the market leader in personal remittance services. The Bank's share of the total number of cards in circulation at December 31, 2017 is 36.7%, up 1.7 percentage points from 2016 (35%) and represents 29 to 31% of the market by volume. payment card transactions.
The bank's market share of the end-of-year private money services market is 38.4%, up two percentage points since the beginning of the year. ;year.
An attractive price
The price seems attractive, given that at the beginning of this year, for a package of only 39.3% of Victoriabank, Banca Transilvania of Romania paid 766 million lei
In addition, Moldindconbank is the second largest bank in Moldova and exceeds many indicators on Victoriabank
A problem could be the nebulous past of this banking institution related to the involvement in 2010 -2014 in the Russian washing program of 20 billion, and in particular relations with businessman Veaceslav Plato.
The shares may be purchased by a single buyer or by a group of concerted persons having obtained the prior approval of the National Bank of Moldova up to the respective acquisition
Read more on mold-street.com
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