of September 30, 2011 No. 190
About additional measures for ensuring financial stability
The Parliament adopts this organic law.
Art. 1. - This law establishes additional measures which shall be undertaken by the state, banks and Fund of guaranteeing deposits in bank system for maintenance of financial stability by risk minimization in banking sector and distributions of risks between participants of the banking market.
Art. 2. - (The Fund of guaranteeing deposits in bank system within 5 working days from the date of entry into force of this law shall list 1) to Banca de Economii joint-stock company (further - Banca de Economii bank) 48091753,8 of leu, representing total amount of deposits of physical persons (personal deposits) in the guaranteed size as of June 19, 2009 according to the Law on guaranteeing deposits of physical persons in bank system No. 575-XV of December 26, 2003 paid by Investprivatbank S.A commercial bank. in the course of liquidation (further - Investprivatbank bank) to investors at the expense of the money provided in type of loan by Banca de Economii bank.
(2) After the implementation provided by part (1) transfers the amount of requirements of Banca de Economii bank to Investprivatbank bank decreases by the transferred amount.
Art. 3. - (The Ministry of Finance within 7 working days after entry into force of this law issues 1) and transfers to Banca de Economii bank government bonds for the purpose of acceptance to himself the requirements of Banca de Economii bank to Investprivatbank bank following from provision of money to Investprivatbank bank for payment of personal deposits.
(2) Government bonds are issued in amount to 436,908 300 of lei at par value with annual interest rate 0,01 fixed interest rate on condition of their quarterly redemption till December 30, 2015. Conditions of release and the redemption of government bonds are established in the agreement between the Ministry of Finance, Banca de Economii bank and National Bank of Moldova.
(3) the Amount of the issued government bonds shall equal to the amount of debt of the Investprivatbank bank before Banca de Economii bank existing on date of issue of government bonds.
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