Provision of a two-year senior unsecured loan of up to EUR 35 million to MAIB under the Resilience and Livelihoods Framework for on-lending to eligible companies in Moldova directly or indirectly affected by economic consequences of the war in Ukraine.
The Facility will support Moldovan economy by enhancing MAIB's lending capacity and providing much needed access to finance for Moldovan companies negatively affected by economic consequences of the war in Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country.
ETI score: 70
The Facility will support the Resilient and Inclusive TI qualities. The Facility aims to strengthen and diversify the client's funding base and facilitate the resilience of MSME and corporate businesses through uninterrupted lending to the economy. The Facility will also support the Inclusive quality by providing much-needed financing to support Moldovan businesses affected by the conflict, aimed at safeguarding their human and organisational capital.
BC MAIB SA
MAIB is the largest systemic bank in Moldova with total assets of EUR 1.9 billion, total equity of EUR 278 million, loan portfolio of EUR 1 billion as of 31 March 2022, and market share of 33%. MAIB is 41.09% owned by HEIM Partners, a consortium of investors, including EBRD, Horizon and Invalda. Other minority shareholders include management, staff and local companies.
EBRD Finance Summary
Total Project Cost
Response to the war in Ukraine: the Facility is provided in the extraordinary circumstances of the ongoing war in Ukraine, aimed to effectively bridge a financing gap due to adverse market conditions.
Environmental and Social Summary
Categorized FI (ESP 2019).
MAIB is an existing client of the Bank and satisfactorily implemented EBRD's Performance Requirements. MAIB will continue to ensure ongoing compliance with Performance Requirements 2, 4 and 9 and submit Annual Environmental and Social Reports to the Bank, including reporting on sub-projects and their climate change mitigation and climate change adaptation benefits.
Technical Cooperation and Grant Financing
Company Contact Information
PSD last updated
29 Apr 2022
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