Search
Search
Who we are
Overview: about the EBRDWho we are
Overview: about the EBRD
Our story
Learn about the EBRD's journey to investing more than €220 billion in over 7,800 projects.
- Our background and history
- Our organisation
- Our values
- Strategies, governance and compliance
- Project accountability
What we do
Overview: how the EBRD operatesWhat we do
Overview: how the EBRD operates
How we deliver systemic impact
Across three continents, the EBRD supports the transition to successful market economies.
- Where we work
- Products and services
- Sectors we work in
- Our projects
- Focus areas and initiatives
- Economic research
Work with us
Overview: how you can work with the EBRDWork with us
Overview: how you can work with the EBRD
What we offer for businesses
We draw on three decades of regional knowledge and financial expertise to tailor our products and approaches to each client's needs.
- Businesses
- Investors
- Donors
- Researchers
- Civil Society
- Alumni
- Nominee Directors
- Trade finance
- Careers
Light
Eng
Eng
- EBRD lends €5 million to ProCredit Bank Moldova to support lending to businesses
- EU-funded technical assistance and grants will help MSMEs meet European directives
- Project strengthens Moldova’s resilience and integration with European Union markets
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 €5 million financial package to ProCredit Bank Moldova under the EU4Business-EBRD Credit Line.
The loan was signed during a visit to Moldova by EBRD President Odile Renaud-Basso.
Through loans and grants, the EU4Business-EBRD Credit Line supports a wide range of projects that increase the competitiveness and capacity of small and medium enterprises (SMEs) from countries such as Moldova, both in the EU and their home markets. EU4Business is an umbrella initiative of the European Union that includes all EU support to small and medium enterprises in Armenia, Azerbaijan, Georgia, Moldova and Ukraine.
ProCredit Bank, a long-standing client of the EBRD, is one of the EBRD’s most active partner banks under the EU4Business programme in Moldova and has successfully placed a total of €45 million of financing since 2018. The latest €5 million loan will help the bank meet the increased demand of its business clients ensuring uninterrupted business flow.
The project supports investment financing for micro, small and medium-sized enterprises (MSMEs) in both euros and Moldovan lei to upgrade their equipment, products and services in line with EU standards, increase competitiveness and grasp international trade opportunities. At least 70 per cent of the loan is expected to finance investments in green technologies.
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.
Moldova was granted candidate status to join the EU in 2023. This fresh financing will contribute to aligning with targets for aligning with EU financial and green standards set out in Moldova’s Growth Plan.
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 almost €2.9 billion in 193 projects to date in the country, with 40 per cent of its portfolio in sustainable infrastructure.