FIF - DCFTA - Mobiasbanca MSME Facility III



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

21 Jul 2020



PSD disclosed:

20 Jul 2020

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

Provision of a 3-year amortising senior unsecured loan of up to € 5 million to Mobiasbanca - OTP Group ("Mobiasbanca") for on-lending to eligible MSMEs under the DCFTA Programme (EU4BUSINESS EBRD Credit Line - Finance and Advisory Programme Supporting SME).

The loan will be available for disbursement in EUR or as a synthetic MDL facility. 

Project Objectives

The proposed project will enable the participating financial institution to finance sub-loans under the programme, supporting investments of Moldovan MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. Sub-borrowers will benefit from financial incentives for eligible sub-projects, while dedicated consultants will assist Mobiasbanca with investment projects preparation and implementation.


Transition Impact

ETI score: 80

Competitive: Mobiasbanca will expand its MSME portfolio with a focus in financing DCFTA priority investments complying to EU Directive(s), ultimately facilitating competitiveness of Moldovan MSMEs.

Resilient: Mobiasbanca will be expected to maintain adequate portfolio quality.

Client Information


Mobias bank is a 98.3%-owned subsidiary of OTP Bank Nyrt, Hungary (OTPH), and ranked as 4th (out of 11) largest bank in Moldova in terms of total assets (EUR 645  million). Mobiasbanca held market shares of 16.2% and 13.8% on loans and deposits, respectively as of May 2020. Through 53 branches across the country, the bank offers full range of services to its growing client base, comprised of over 160,000 individuals, 8,000 corporates and MSMEs. 

EBRD Finance Summary

EUR 5,000,000.00

€ 5 million committed tranche 

Total Project Cost

EUR 5,000,000.00


Key sources of additionality under the project are (i) Financing structure (long term tenor supporting longer investments ) and (ii) Knowledge, innovation and capacity building (the programme technical assistance supporting timely realisation of DCFTA eligible investments in Moldova).

Environmental and Social Summary

Categorised FI (2019). For the proposed project Mobiasbanca will be required to comply with EBRD's PRs 2, 4 and 9, implementing the EBRD's E&S Risk Management Procedure for Micro, SME and Corporate lending; adhere to the updated EBRD's Environmental and Social Exclusion List as well as Referral List introduced with ESP 2019 and submit Annual E&S Reports to the Bank. Mobiasbanca's borrowers will be required to comply with applicable national environmental, health and safety and labour requirements. The expected GET component associated with this project is 60%.

Technical Cooperation and Grant Financing

MSME sub-borrowers will benefit from financial incentives for eligible sub-projects, while Mobiasbanca will receive technical assistance from the Programme dedicated consultants towards investment projects preparation and implementation.

PSD last updated

20 Jul 2020

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


Share this page: