Press Releases

BSTDB Offers Long Term Loan to Moldovan Juice Producer


14-Dec-2017

The Black Sea Trade and Development Bank (BSTDB) will provide a 7-year corporate loan in the amount of Euro 7,284,000 to Orhei-Vit S.A., a leading private producer and exporter of juices in Moldova.

 

The loan will help the company to finance its capital expenditure program and working capital needs, as well as to refinance the existing loans from financial institutions. The BSTDB financing will lead to improved production capacity and efficiency of company’s operations and will benefit the Moldovan farmers and consumers. The operation will also contribute to the regional trade, as a substantial share of company’s exports is going to BSTDB member countries of the Black Sea region.

 

“We are happy to finance Orhei-Vit S.A, an important producer and exporter in Moldova. BSTDB is committed to its strategic development goals in Moldova, which include priority focus on supporting the food processing and the agribusiness sector at large.” said Igor Leshukov, BSTDB Vice President.

 

“Orhei-Vit is honored to meet the high criteria and become a new client for the Black Sea Trade and Development Bank. The bank has opened the door to the company for financing on terms and conditions scarcely available locally. This loan will support in optimizing capital structure and insuring flexible working capital resources. We highly appreciate BSTDB bankers for the professional and prompt job.” said Alexandr Bilinkis, Orhei-Vit Board President.

 

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JSC "Orhei-Vit" is a privately owned Moldovan manufacturing company with over 70 years of experience in processing fresh fruits and vegetables into a variety of products. The company manufactures and sells juices and nectars, fruit preserves, canned and pickled vegetables, natural baby food, juice concentrates. Orhei-Vit is the market leader in its sector in Moldova, with the local market share of over 50%. The company delivers its goods to more than 25 countries worldwide under its own brands and private labels. More information is available at www.orhei-vit.com.

 

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 are 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 EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org.

 

Press contact:

Haroula Christodoulou

Phone: +30 2310 290533

E-mail: cchristodoulou@bstdb.org