Financed ProjectsPrime Capital II

Identification Code:

OP/24/0034

Total Operation Cost:

3.000.000

Maturity:

48 months

Operation Status:

Description and Purpose of the Operation:

Prime Capital II

Countries of Operation:

Moldova (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Combined MSME, Green and Gender Equality Credit Line O.C.N. Prime Capital SRL, Moldova

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The operation involves a Green and Gender Equality Credit Line to Prime Capital in Moldova for financing MSME and Green and Gender Sub-loans. This operation not only aligns with the official strategies of the Bank but also fulfills BSTDB’s commitment to supporting its members in greatest need. While the end recipient firms of the Bank’s financing under this facility are not known in advance, it is reasonable to expect that the facility will have a modest but positive impact on regional cooperation.

Environmental Classification and Impact (summary):

Prime Capital is an existing Borrower of the Bank active in the non-banking financial sector offering mostly residential mortgage loans and MSMEs lending. The residential mortgage sector is generally associated with limited E&S risks and impacts. Considering the risk profile of the portfolio and the average size of its loans no other E&S due diligence is deemed necessary. The operation will contribute to meeting the climate strategic objectives of the Bank and the UN SDG 5 aiming at gender equality, and SDG 8 aiming at achieving full and productive employment and decent work for all women and men.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org