Press Releases

BSTDB and Banca Sociala sign a loan agreement


18-Jun-2007

BSTDB will make available a Euro 4 million short-term unsecured multipurpose loan to Banca Sociala (Moldova).


The loan facility provided to Banca Sociala will be used to support its general banking operations and subsequently benefit its corporate, SME and retail clientele through provision of quality financial services.

 

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Banca Sociala is a private bank established in 1991, succeeding Moldova’s former state owned Zhilsots Bank. Employing 950 staff, it ranks sixth among Moldovan commercial banks in equity and provides full range of banking products and services. It serves 25,000 customers in Moldova, both private and corporate.

 

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.