Press Releases

BSTDB extends a multi-purpose loan to Agroindbank (Moldova)


18-Jun-2007

BSTDB will make available a USD 8 million one year unsecured loan to the Moldovan Agroindbank (MAIB).


Agroindbank Bank will use the facility for general banking purposes, to support its operations and institutional development aimed at further business growth, improved liquidity, funding of client capital expenditures, job creation, income generation, improved company infrastructure and increased trade turnover, including that between BSTDB member countries.

 

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Agroindbank Moldova (MAIB) was established in 1991 and offers the full range of banking products and services in domestic and foreign currency to retail and corporate customers. It is the leading commercial bank in Moldova in terms of assets, capital and deposits. It operates a fully owned leasing subsidiary.

 

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. With an authorized capital of SDR 1 billion (approx. US$ 1,45 billion), the Bank supports economic development and regional cooperation by providing by providing loans, credit lines, equity and guarantees for projects in the public and private sectors in its member countries. BSTDB is rated Long Term Baa1 and Short Term P2 by Moody’s.