Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Target board date:

18 Jun 1996



PSD disclosed:

30 Apr 1997


Project Description

A loan of US$ 1 million to Universal Bank for medium-term on-lending to private micro-entrepreneurs in Moldova.

Project objectives: 1) Support for a private sector financial institution committed to the local market and expansion of its term-lending operations focusing on the micro-enterprise sector; 2) Development of financial intermediation; and 3) Indirect financing of micro- investment projects.

Transition Impact

The loan will support the growth, development and strengthening of a private sector institution and the private sector in general by providing funds needed for the development of private micro-enterprises in Moldova.

The Client

Universal Bank is one of the leading private sector banks servicing the corporate and retail sectors in Moldova. As of end 1996, Universal Bank had net worth totalling US$ 3.3 million and total assets of US$ 10.4 million.

EBRD Finance

The loan of up to US$ 1 million will provide funding to increase medium-term lending to Moldovan micro-entrepreneurs. The financing is a sub-project of the Swiss-American Micro-Enterprise Programme, which was approved by the Board on 19 June 1996.

Project Cost

US$ 1 million (ECU 0.8 million equivalent).

Environmental Impact

The project does not require an environmental analysis or an environmental audit. Sub-projects will be financed in accordance with the EBRD's environmental procedures for financial intermediaries. On an annual basis, Universal Bank will report to the EBRD on environmental issues associated with the loan and the sub-loans.

Technical Cooperation

The Swiss and American authorities provide technical cooperation funding for the Programme.

Company Contact


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.