MAIB - SME Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

14 Jul 2009



PSD disclosed:

05 Jun 2009

Project Description

The EBRD is considering a senior loan of up to € 20 million in two tranches to MAIB to be on-lent by MAIB to SMEs in Moldova. The proceeds of the credit line will be used by MAIB to provide medium and long-term financing to private companies for production, investment, trade, services and working capital needs.

Transition Impact

Transition impact potential derives from the demonstration effect associated with supporting the growth of SME lending which is still underdeveloped in Moldova. Development of a market for short, medium and long-term lending will further build up on the successful implementation of the other credit lines granted by the EBRD to commercial banks in Moldova in the past. Given the limited supply of term funding for Moldovan banks, this targeted credit line will have an important impact on supporting the real economy in Moldova.

The Client

CB “Moldova-Agroindbank” S.A. (MAIB), a private commercial bank organised and functioning under the law of the Republic of Moldova. As of end-2008, MAIB’s total assets amounted to € 510.7 million and total equity amounted to € 94.1 million. The audited 2008 net profit was at € 22.0 million. As of end-March 2009, its client base was comprised of more than 507,000 clients, both companies and individuals.

EBRD Finance

A senior loan of up to € 20 million extended by the Bank to MAIB.

Project Cost

Up to € 20 million.

Environmental Impact

MAIB will conduct its business in accordance with EBRD’s Environmental Performance Requirement (“PR”) 2 and apply PR 9 when making local loans which will be required to comply with applicable national environmental, health and safety and labour requirements. MAIB should adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank.

Technical Cooperation

MAIB will benefit from technical assistance granted under Moldova - Financial Sector Framework funded by ETC Donor Fund. The Consultant was selected for the whole framework in 2008.

Company Contact

CB “Moldova-Agroindbank” S.A.
9, Cosmonautilor Street
Republic of Moldova
Mrs. Larisa Rudeva - Vice-President - Finance Director

Phone: +373 22 24 15 88
Fax: +373 22 22 66 26

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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