Moldova Financial Sector Framework II

Location:

Moldova

Project number:

44924

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

16 Apr 2013

Status:

Board Approved

PSD disclosed:

20 Feb 2013

Translated version of this PSD: Romanian

Project Description

The EBRD is considering a multi-client, multi-product framework facility for an aggregate amount of €80 million equivalent. Under the framework facility, the EBRD will provide its Partner Financial Institutions (“PFIs”) with a full range of financial products including SME credit-lines, mortgage financing, retail financing, leasing finance, syndicated loans, subordinated debt and small equity investments.

Transition Impact

The proposed Framework will facilitate the development of SME lending, mortgage finance, retail financing, leasing and insurance products and other bank and non-bank financial institutions financing. Further improvements in operational efficiency and the increased amount of financing made available by EBRD through its Partner Financial Institutions are expected to increase competition, thus contributing to greater efficiency, innovation and customer orientation. EBRD will add to the overall lending capability of the financial sector in Moldova. Transition impact will be achieved by ensuring a more efficient medium and long-term funding of SMEs through loans and leasing products. Where appropriate EBRD may include a regional component in its sub-projects under this facility to ensure appropriate availability of financing outside the capital.

The Client

Existing and new partner banks and non-bank financial institutions such as leasing, mortgage and insurance companies (each and jointly “Partner Financial Institutions”). Partner Financial Institutions should meet sound banking and high corporate governance standards to become eligible.

EBRD Finance

Up to EUR 80 million equivalent.

Project Cost

Up to EUR 80 million equivalent.

Environmental Impact

Participating financial institutions under the Framework will be required to apply the EBRD's Environmental Procedures for Intermediated Financing. The type of Environmental Procedures applicable will be assessed on a case-by-case basis. The procedures include committing the participating financial institutions to ensuring compliance with the applicable national environmental, health, safety and labour standards and regulations, adherence to the EBRD’s Environmental Exclusion and Referral List and submission of annual environmental reports to the Bank.

Technical Cooperation

None.

Company Contact

Respective Partner Financial Institutions eligible under the Framework II.

 

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.