Source: Ardiin Erkh               Date: 08 July, 2010

The new law under which banks must reveal the names of their directors and major shareholders took effect on July 1. The avowed purpose was to help people decide where to keep their money, depending on what sort of people ran the bank. The other aim, not so clearly stated, was to track the involvement of individuals, mainly politicians according to many, in banking. However, even after a week, the web sites of most banks give information that is too sketchy to help in either.

A few do mention names of the members of their executive board, but some do not. Almost none gives any information on shareholding. Four of the major banks give no information at all.