EFSE issues €20 million loan to OTP Bank Moldova to provide financing in local currency to small businesses
November 25, 2022

EFSE issues €20 million loan to OTP Bank Moldova to provide financing in local currency to small businesses


The European Fund for Southeast Europe (EFSE) has provided €20 million equivalent in Moldovan Leu to OTP Bank Moldova. 

The investment forms part of the crisis response package whereby the fund has committed to financing micro, small and medium enterprises (MSMEs) operating in crisis-relevant critical sectors to mitigate supply-chain and logistics disruptions, as well as increase local production.

OTP Bank is the third largest bank in Moldova with a successful track record in servicing corporates, MSMEs, agricultural businesses and individuals.

By providing the loan in local currency, EFSE enables OTP Bank to finance MSMEs in the same currency in which they receive their income, providing them with an extra layer of security in the currently challenging environment made difficult by the economic, social and security implications of the ongoing Russia-Ukrainian war.

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