MOLDAGROINDBANK CREDIT LINE (MAIB) (II)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 23770

Status Complete

Location

Moldova

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 23770

Status Complete

Location

Moldova

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

23 Apr 2002

Disclosure date

06 Feb 2002

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Proposed senior loan to Moldova-Agroindbank (MAIB), the largest private bank of Moldova, to further support enhancement of medium-term lending to domestic private SMEs for investment purposes and working capital. This project builds on the Moldova-Agroindbank Credit Line I, which was Board Approved in 1995. To improve the availability of financing from MAIB to the Moldovan SMEs, especially given increased demand for medium-term financing from local customers. The proceeds of the loan will be mainly used to provide medium-term financing to private SMEs.

Transition Impact

Supporting the growth of MAIB and the diversification of its funding base will strengthen the banking sector by providing much-needed medium-term financing for private domestic SMEs and increasing competition.

The Client

Moldova-Agroindbank (MAIB) is the largest commercial bank and a joint-stock company registered in Moldova. MAIB is owned by the Western NIS Enterprise (9.88 per cent), the EBRD (9.78 per cent), and private companies and individuals (80.34 per cent), including management.

EBRD Finance

Senior loan for a total amount of US$ 6 million (€6.7 million) in three equal tranches for financing of Moldovan private SMEs.

Project Cost

US$ 6 million (€6.7 million).

Environmental Impact

Screened FI. The environmental risk associated with the operation is low as MAIB has adopted and implemented EBRD’s environmental requirements across all its operations funded by the Bank, including the SME credit line I. There is no information as to the nature of the potential portfolio to define the associated environmental risk. MAIB will apply the EBRD’s Environmental Procedures for Intermediated Financing though Local Banks to its operations under the SME credit line II.

Technical Cooperation

None.

Company Contact

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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