EBRD and EU back ProCredit Bank in Moldova to boost finance for businesses

Citește în română

• EBRD lends €10 million to ProCredit bank in Moldova, with continued support from EU

• Project is backed by EU incentive grants under the EU4Business Initiative 

• Multi-currency on-lending underpins strong investment demand from SMEs 

Moldovan businesses are set to benefit from greater access to finance as the European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU), extends a new €10 million financial package to ProCredit Bank Moldova under the EU4Business-EBRD Credit Line.  

The loan is complemented by EU grant funding, supporting grant incentives on successful investment projects for ProCredit Bank’s borrowers, as well as project consultant implementation assistance to ProCredit Bank and its clients.   

ProCredit Bank is a development-oriented commercial bank. The fifth largest bank in Moldova, it is fully owned by ProCredit Holding AG & Co and part of the international ProCredit Group headquartered in Frankfurt am Main. The group’s 12 banking subsidiaries operate in transition economies and developing countries and also include a bank in Germany.  

The EBRD is Moldova’s biggest institutional investor. To date it has invested over €2.4 billion in 177 projects.