{"id":265117,"date":"2012-02-16T12:46:46","date_gmt":"2012-02-16T12:46:46","guid":{"rendered":"http:\/\/new.moldova.org\/2012\/02\/16\/moldovas-universalbank-lost-its-license-228461-eng\/"},"modified":"2012-02-16T12:46:46","modified_gmt":"2012-02-16T12:46:46","slug":"moldovas-universalbank-lost-its-license-228461-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldovas-universalbank-lost-its-license-228461-eng\/","title":{"rendered":"Moldova\u2019s UniversalBank lost its license"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p>Moldova&rsquo;s UniversalBank has no more a license to provide banking services on the market. The Administration Council of the National Bank of Moldova decided on February 15 to withdraw UniversalBank&rsquo;s license due to &ldquo;deflections from the legislation.&rdquo;<\/p>\n<p>The impossibility to adjust the financial situation of the bank is one of the main reasons which led to insolvency of the institution.<\/p>\n<p>Fourteen commercial banks have left on the Moldovan market after the National Bank withdrew the license of UniversalBank.&nbsp;The bank got its license in November 1994.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>Moldova\u2019s UniversalBank has no more a license to provide banking services on the market. The Administration Council of the National Bank of Moldova decided on February 15 to withdraw UniversalBank\u2019s license due to \u201cdeflections from the legislation.\u201d<\/p>\n","protected":false},"author":3,"featured_media":265116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-265117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p>Moldova&rsquo;s UniversalBank has no more a license to provide banking services on the market. The Administration Council of the National Bank of Moldova decided on February 15 to withdraw UniversalBank&rsquo;s license due to &ldquo;deflections from the legislation.&rdquo;<\/p>\n<p>The impossibility to adjust the financial situation of the bank is one of the main reasons which led to insolvency of the institution.<\/p>\n<p>Fourteen commercial banks have left on the Moldovan market after the National Bank withdrew the license of UniversalBank.&nbsp;The bank got its license in November 1994.<\/p>\n<div class='heateorSssClear'><\/div><div  class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' data-heateor-sss-href='https:\/\/www.moldova.org\/en\/moldovas-universalbank-lost-its-license-228461-eng\/' data-heateor-sss-no-counts=\"1\"><div class='heateor_sss_sharing_title' style=\"font-weight:bold\" ><\/div><div class=\"heateor_sss_sharing_ul\"><a aria-label=\"Facebook\" class=\"heateor_sss_facebook\" 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