Project description
and objectives:
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A multi-client, multi-product framework facility is proposed for an aggregate amount of EUR 70 million equivalent. Under the framework facility, the EBRD will provide its Partner Financial Institutions (“PIs”) with a full range of financial products including mortgage financing, SME credit-lines, consumer finance, energy efficiency credit-lines, leasing finance, guarantee facilities, syndicated loans, subordinated debt and equity investments.
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Sub-projects:
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Transition impact:
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The proposed framework will facilitate the development of SME lending, mortgage finance, consumer finance, energy efficiency lending, leasing and insurance products. Further improvements in operational efficiency and the increased amount of financing made available by EBRD through its Partner Institutions are expected to increase competition, thus contributing to greater efficiency, innovation and customer orientation. EBRD will add to the overall lending capability of the financial sector in Moldova. Transition impact will be achieved by ensuring a more efficient medium and long-term funding of SMEs through loans and leasing products. Where appropriate EBRD may include a regional component in its sub-projects under this facility to ensure appropriate availability of financing outside the capital.
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The client:
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Existing and new partner banks and non-bank financial institutions such as leasing, mortgage and insurance companies (each and jointly “Partner Institutions”). Partner Institutions should meet sound banking and high corporate governance standards to become eligible.
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EBRD finance:
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EUR 70 million equivalent.
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Total project cost:
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EUR 70 million equivalent.
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Environmental impact:
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Participating financial institutions under the Framework will be required to apply the EBRD's Environmental Procedures for Intermediated Financing. The type of Environmental Procedures applicable will be assessed on a case by case basis. The procedures commit the participating financial institutions to ensuring compliance with the applicable national environmental, health, safety and labour standards and regulations, adherence to the EBRD’s Environmental Exclusion and Referral List and submission of annual environmental reports to the Bank.
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Technical
cooperation:
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The implementation of the Framework will be supported with a tailor made technical assistance. The EBRD approved up to EUR 700,000, some of which was approved in November 2007 to be funded by the ETC Multi Donor Fund, and further funding subject to approval. The proposed TC assignment will contribute to the overall institutional strengthening of selected PIs through training, advising and assisting the selected PIs management and staff in relevant financial areas in order to facilitate and ensure the successful implementation of their activities relating to a number of financial products within the Framework, for on-lending to local corporate and retail customers.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Respective Partner Institutions eligible under the Framework.
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EBRD contact:
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Alexandru Tanase, Operation Leader: tanasea@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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