B.C. Moldova Agroindbank S.A. is the largest commercial bank in Moldova
The EBRD, at its Board of Directors meeting today, approved the Bank’s participation, together with private equity firms AB Invalda INVL and Horizon Capital, in an upcoming auction for the acquisition of a 41.09 per cent stake in B.C. Moldova Agroindbank S.A., in accordance with legal agreements with the Moldovan government.
B.C. Moldova Agroindbank S.A. is the largest commercial bank in Moldova. Assets of the bank at the end of 2017 amounted to €1.078 billion; equity was €180 million.
Vilnius-based Invalda INVL group’s companies have more than €600 million of assets under management, entrusted to them by over 190,000 clients in Lithuania and Latvia as well as international investors.
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. It is owned by 66 countries, the EU and the EIB. The Bank is the largest institutional investor in Moldova and has invested over €1.2 billion in over 120 projects in the country to date.