Release date: 2 May 2013
Promoter – Financial Intermediary
MobiasbancaLocation
Description
A dedicated EIB loan to finance projects promoted by SMEs and Mid-Caps through Société Générale Group's subsidiary in Moldova. Projects in fields considered as priority under the Mandate (i.e. local private sector development, development of social and economic infrastructure, and climate change mitigation and adaptation) carried out by eligible promoters of any size and ownership can also be funded, provided that financing thereto does not exceed 30% of the overall EIB loan amount.
Objectives
Support to local economy through provision of long-term financing in particular to small and medium-size enterprises and mid-cap companies.
Comments
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 18/11/2013