IMF says National Bank of RNM acted accordingly with Eurostandard Bank, the opposition requests oversight hearing


The International Monetary Fund’s Executive Director Anthony De Lannoy, member of the IMF’s Executive Board for North Macedonia, remarked that the National Bank of North Macedonia (NBNM) has acted correctly regarding the revocation of Eurostandard Bank’s banking licence and requesting bankruptcy procedure. He stressed that during the meeting with the teams of both the NBNM and the Finance Ministry that took place during the annual meetings with the IMF and the World Bank, with a focus on the situation in the banking system.

“The National Bank is a professional and independent institution which during its decisions is applying the highest international standards and the best international practices. The revoking of Eurostandard’s banking license shows that NBNM is ready to take timely, corrective, supervising activities in order to secure complete stability of the financial system,” stressed De Lannoy.

NBNM’s press release states De Lannoy has stressed that the efforts for the politicization of NBNM’s activities and decisions pose a risk of jeopardizing its independence.

Regarding the case of Eurostandard Bank, VMRO-DPMNE’s MP group announced that it will submit to the Parliament a request for conducting an oversight hearing to determine the reasons and the application of the laws in the procedure for bringing Eurostandard Bank to bankruptcy. VMRO-DPMNE’S MP Zorancho Jovanchev said that the initiative is supported by the entire opposition bloc – VMRO-DPMNE, the Coalition Alliance for Albanians – Alternativa, and Levica.

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