EU and EBRD back Moldova’s largest bank in boost for financing of local firms

EU and EBRD back Moldova’s largest bank in boost for financing of local firms

January 11, 2022

The European Bank for Reconstruction and Development (EBRD) has extended its unfunded risk-sharing framework of up to €20 million to maib, the largest bank in Moldova servicing 1 million clients.

Through this facility, the EBRD will share maib’s exposures to local enterprises through unfunded risk participation.

In addition to this guarantee, maib will also receive a €5 million loan under the EU4Business-EBRD credit line for on-lending to local firms. This loan will help upgrade products and services in line with EU standards, increase competitiveness locally and grasp international trade opportunities. At least 70 per cent of the loan is expected to finance investments in green technologies.

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