| Project Detail |
Location:
Moldova
Project number:
37397
Business sector:
Financial institutions
Notice type:
Private
English-language PSD published:
02 Dec 2024
Project Description
This PSD relates to a historical Bank project approved some years ago, and does not represent a new approval, or allocation of new funds. Disclosure of this PSD was deferred in accordance with the transparency framework in place at the time, but due to an administrative oversight, was not subsequently disclosed
In December 2007, the EBRD approved subscription of up to 10% of capital in JSC Mobiasbanca for an amount up to MDL 55.3 million (then €3.3 million). At the time of the proposed transaction, JSC Mobiasbanca was the fifth largest private bank in Moldova, and was a leader in the retail market segment. By demonstrating commitment to strategic investors in the Moldovan market, the transaction was also a key component of the Bank’s work to increase transparency and improve corporate governance practices in the country.
Project Objectives
The project was designed to support the entry of a strategic investor into the Moldovan banking sector, strengthen the company’s capital base, in turn facilitating development of its operations, enhancing competition and improving the quality of banking services offered in Moldova. |
