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The National Bank’s new policy: from lenient oversight to sanction standards? - Commentary by InfoMarket
04.06.2026
Over the past ten years, the National Bank of Moldova’s sanctions policy has gone through several phases: from targeted fines of tens and hundreds of thousands of lei in 2017–2020 to individual sanctions amounting to tens of millions of lei in 2022, and subsequently to a more systematic tightening of supervision in 2025–2026.
The first fine exceeding one million lei was charged in 2022: OTP Bank was fined 4.07 million lei, while five of the bank’s executives were fined a combined total of the same amount. The NBM set a new record in March 2026, imposing a fine...
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