Financed ProjectsMobiasbanca SME

Identification Code:

OP/06/0619

Total Operation Cost:

0

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

A medium-term loan facility for the SMEs (SMEF) to be used by Mobiasbanca for the purpose of financing sub-loans to eligible micro, small and medium-sized companies for investment and working capital purposes.

Countries of Operation:

Moldova (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

CB MOBIASBANCA- group SOCIETE GENERAL SA, is a private bank established in 1990 and majority owned by a foreign investor. It is one of the largest banks in Moldova, which specializes in supporting small and medium-sized enterprises. In 2002 it was registered as an open joint stock commercial bank and its shares are listed on Moldovan Stock Exchange.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

Mobiasbanca is dedicated to the SME sector and this loan facility provides long-term financing to Moldova’s numerous eligible small and medium-sized enterprises, thereby supporting the development of the private sector in Moldova.

Environmental Classification and Impact (summary):

The Borrower has already adopted Environmental, Health & Safety (EH&S) policies and procedures, to: - undertake environmental assessment of the sub-loans with medium and high environmental risk, as well as ensure proper monitoring of these operations; - ensure compliance of the sub-loans with applicable national EH&S requirements; - continue to adhere to the Bank’s Environmental Exclusion List and Negative List of Goods; - submit annual EH&S performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org