Mobiasbanca Credit Line II



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

19 Sep 2006



PSD disclosed:

18 Aug 2006

Project Description

The proposed project is a syndicated loan to be provided to Mobiasbanca SA in the aggregate amount of USD 6 million under an A/B loan structure, consisting of A loan of USD 3 million for the EBRD’s account and a B loan of up to USD 3 million to be syndicated to Nederlandse Financiererings-Maatschappij voor Ontwikkelingslanden N.V. The loan will be used for on-lending to Moldovan SMEs.

Transition Impact

The project will support the development of one of the largest and best performing banks in Moldova. Mobiasbanca is dedicated to the SME sector and this syndicated loan will provide much needed long-term financing to eligible SMEs for investment and working capital purposes, thereby supporting the development of the private sector in Moldova as well as assisting the bank in diversifying its funding base by introducing a co-financier.

The Client

Mobiasbanca was established as a private bank in Moldova in June 1990. It has a full banking license and provides the full range of banking services. It is Moldova’s fifth largest commercial bank and focus on micro and small clients. Mobiasbanca’s capital is majority owned by Development Capital Corporation Moldova which, in turn, is wholly owned by New Century Holding (NCH) Fund, USA.

EBRD Finance

Senior term loan of USD 3 million from EBRD and additional USD 3 million to be syndicated to Nederlandse Financiererings-Maatschappij voor Ontwikkelingslanden N.V.

Project Cost

USD 6 million.

Environmental Impact

Screened FI: Mobisasbanca (MB) will continue to comply with the EBRD’s Environmental Procedures for Intermediated Finance through Local Banks and the EBRD’s Environmental Guidelines for Trade Facilitation Program for each respective project component. MB will continue to adhere to the Bank’s Environmental Exclusion and Referral Lists and submit annual environmental reports to the Bank (not applicable to the TFP component). A member of the Environment Department recently carried out a monitoring visit to Mobiasbanca and was satisfied with the bank’s application of EBRD’s environmental requirements.

Technical Cooperation

Mobiasbanca was one of three commercial banks in Moldova who benefited from short-term consultancy support in 2005 aimed to improve credit skills and risk management. The project was designed to support implementation of Medium-Sized Co-financing Facility and was funded by ETC Donor Fund administered by EBRD.

Company Contact

Nadezhda Litvac
Head of International Finance and Documentary Business
Commercial Department
Mobiasbanca S.A.
81-A Stefan cel Mare
Chisinau, MD-2012
Republic of Moldova

Fax : (37322) 244182


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

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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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