Project description
and objectives:
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The proposed project is a syndicated loan to be provided to Mobiasbanca SA in
the aggregate amount of USD 6 million under an A/B loan structure, consisting
of A loan of USD 3 million for the EBRD’s account and a B loan of up to USD 3
million to be syndicated to Nederlandse Financiererings-Maatschappij voor
Ontwikkelingslanden N.V. The loan will be used for on-lending to Moldovan SMEs.
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Transition impact:
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The project will support the development of one of the largest and best
performing banks in Moldova. Mobiasbanca is dedicated to the SME sector and
this syndicated loan will provide much needed long-term financing to eligible
SMEs for investment and working capital purposes, thereby supporting the
development of the private sector in Moldova as well as assisting the bank in
diversifying its funding base by introducing a co-financier.
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The client:
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Mobiasbanca was established as a private bank in Moldova in June 1990. It has
a full banking license and provides the full range of banking services. It is
Moldova’s fifth largest commercial bank and focus on micro and small clients.
Mobiasbanca’s capital is majority owned by Development Capital Corporation
Moldova which, in turn, is wholly owned by New Century Holding (NCH) Fund, USA.
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EBRD finance:
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Senior term loan of USD 3 million from EBRD and additional USD 3 million to be
syndicated to Nederlandse Financiererings-Maatschappij voor
Ontwikkelingslanden N.V.
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Total project cost:
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USD 6 million.
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Environmental impact:
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Screened FI: Mobisasbanca (MB) will continue to comply with the EBRD’s
Environmental Procedures for Intermediated Finance through Local Banks and the
EBRD’s Environmental Guidelines for Trade Facilitation Program for each
respective project component. MB will continue to adhere to the Bank’s
Environmental Exclusion and Referral Lists and submit annual environmental
reports to the Bank (not applicable to the TFP component). A member of the
Environment Department recently carried out a monitoring visit to Mobiasbanca
and was satisfied with the bank’s application of EBRD’s environmental
requirements.
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Technical
cooperation:
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Mobiasbanca was one of three commercial banks in Moldova who benefited from
short-term consultancy support in 2005 aimed to improve credit skills and risk
management. The project was designed to support implementation of Medium-Sized
Co-financing Facility and was funded by ETC Donor Fund administered by EBRD.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Nadezhda Litvac
Head of International Finance and Documentary Business
Commercial
Department
Mobiasbanca S.A.
81-A Stefan cel Mare
Chisinau,
MD-2012
Republic of Moldova
Fax : (37322) 244182
Web-site: www.mobiasbanca.md
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EBRD contact:
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Yelena Tonna, Operation Leader: tonnay@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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