EBRD and EU release new funding for Moldovan businesses via OTP Bank

The European Bank for Reconstruction and Development (EBRD) has provided a new €15 million loan to OTP Bank in Moldova under the EU4Business-EBRD Credit line.

The project will enable OTP Bank to continue supporting the investments of local micro, small and medium-sized enterprises (MSMEs) in upgrading their technology and equipment. This will help Moldovan small businesses to meet EU standards, to boost competitiveness, and support export potential. At least 70 per cent of the loan is expected to finance investments in green technologies. 

The EBRD also expects that this fresh financing will contribute to achieving the EU Economic and Investment Plan for Moldova and its target to support 50,000 local MSMEs.

Investments in equipment upgrades and energy efficiency are critical for the competitiveness of Moldovan MSMEs and help to minimise the negative impacts of the Russian war in neighbouring Ukraine and record high energy prices, says the EBRD press release.

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Press release