Press Releases

BSTDB Expands Support to Leasing Operations in Moldova


Thessaloniki, 30-May-2011

The Black Sea Trade and Development Bank (BSTDB) made available a EUR 4 million SME leasing facility to MAIB Leasing, Moldova. The Facility will be used to support expansion of the Company’s financing and refinancing the lease of industrial, agricultural and office equipment and vehicles for small and medium-sized companies (SMEs) and private entrepreneurs in Moldova The BSTDB is the first International Financial Institution to provide financing to MAIB Leasing.

 

The operation contributes to the BSTDB growing support to the country’s financial sector development. It has a high development impact improving access to much-needed leasing finance facilities for small and medium size enterprises while promoting market reforms and economic development in Moldova.

 

With this operation, BSTDB’s active portfolio in Moldova exceeds EUR 25 million, mainly in the financial sector.

 

The development of non-bank financial sector, leasing operations in particular, is a BSTDB priority in the Black Sea region. The program is being successfully implemented also in Georgia, Romania and Russia.

 

 * * * * * * *

 

MAIB Leasing was established in 2002 in Moldova as a 100% subsidiary of Moldova Agroindbank, the biggest bank in the country. MAIB Leasing is one of the leading leasing companies in Moldova with approximately 25% of the market share. The Company provides financial leasing of vehicles, commercial, industrial, agricultural and office equipment and real estate. In 2003 MAIB Leasing was the first leasing company in Moldova which launched the product lease of real estate. The Company works with corporate clients, mainly SMEs, and individuals.

 

 The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters is in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is SDR 3 billion (appx. EUR 3,3 billion). BSTDB is rated A3 by Moody’s.

 

Press Contact

Haroula Christodoulou

Tel: +30 2310 290533

Email: cchristodoulou@bstdb.org