Banca Sociala - Credit Line for SMEs



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

26 Jul 2005



PSD disclosed:

02 Mar 2005

Project Description

The proposed project is a credit line for up to EUR 5 million in two tranches to BS to be on-lent by BS to Small and Medium Sized Enterprises (SMEs) in Moldova. The proceeds of the credit line will be used by BS to provide medium-term financing to SMEs for production, investment, trade, services and working capital needs. The proposed project also includes a Trade Facilitation Program (TFP) of USD 1 million which will support the development of BS’ documentary trade operations in favour of Moldovan enterprises.

Transition Impact

Transition impact potential derives from the demonstration effect associated with supporting the growth of SME lending which is still underdeveloped in Moldova. The TFP component will also support the development of the private SME sector and international trade between Moldova and other countries. Development of a market for medium term SME lending will further build up on the successful implementation of the other credit lines granted by the EBRD to Moldovan banks since 1995. Supporting the growth of BS and the diversification of its funding base will strengthen the banking sector by providing much-needed medium-term financing for SMEs and thus increasing competition.

The Client

BS is the fifth largest Moldovan banks with around 9% market share of total banking assets at end-2004, total assets of some USD 93 million, total equity of USD 14.5 million and net profit of USD 2 million (2004 figures, MAS, unaudited). Shareholders include 637 individuals and companies, both Moldovan and foreign based.

EBRD Finance

A loan for up to EUR 5 million and a TFP of USD 1 million extended by the Bank to BS.

Project Cost

EUR 5.7 million equivalent in total for both transactions.

Environmental Impact

BS will operate in accordance with EBRD's "Environmental Procedures for Local Banks". In implementing these procedures, it will require its borrowers to comply, at a minimum, with national/local health, safety, environmental, and public consultation requirements.

Technical Cooperation


Company Contact

Mr. Vladimir I. Suetnov, President
Banca Sociala SA
61, Banulescu-Bodoni Street
MD 2005, Chisinau,
Republic of Moldova

Phone: +373 22 22 14 81
Fax: +373 22 22 11 23


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)

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Text of the PIP

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