Iute Group, a leading European personal finance group, with Group CEO Tarmo Sild, appoints another Energbank Supervisory Board member. Before, the National Bank of Moldova had confirmed that Tarmo Sild is fit for the nature, scope, and complexity of the Bank’s activities, as well as the tasks assigned to him, and is proper to ensure prudent and sound management of the Bank.

Tarmo Sild, CEO of Iute Group: “I am very pleased to join Energbank’s Supervisory Board, as this is another milestone for us in the bank’s transformation. We are working on a seamless integration of Energbank into the Iute Group. Our goal is to unleash the bank’s potential to contribute to the Group’s growth. We will optimize the management principles, empower the management team, and enhance customer-, technology- and data-centric aspects.”

Iute Group AS holds a 95% stake in Energbank S.A. and plans to acquire the largest possible stake in the bank by purchasing shares at market conditions.