BSTDB Supports Inclusive and Sustainable Growth in Moldova
Loan to support micro and small enterprises, green investments, and women-led businesses
In a move to boost inclusive and sustainable development across Moldova, the Black Sea Trade and Development Bank (BSTDB) has extended a EUR 3 million Combined MSME, Green and Gender Equality Credit Line to Prime Capital, BSTDB existing partner since 2021. The loan will further deepen the partnership, including by diversification of use of proceeds to facilitate access to finance for important economic purposes.
BSTDB financing will strengthen Prime Capital’s capacity to support micro, small and medium-sized enterprises (MSMEs)—a backbone of the Moldovan economy and will also target green investments and women-led businesses, areas that are increasingly vital for long-term resilience and social equity.
The funds will be channeled into Prime Capital’s dedicated programmes that focus on energy efficiency and women in business, helping scale up initiatives that are already making an impact at domestic level. By strengthening these targeted initiatives, the BSTDB contributes to the broader goals of climate resilience, social equity, and regional development.
Commenting on the deal, Dr. Serhat Köksal, President, said: “This financing reflects our strong commitment to support micro, small and medium entrepreneurs, fostering greater opportunities for women-led businesses, and accelerating the green transition. By partnering with Prime Capital, we are helping ensure that capital reaches those who can drive inclusive and sustainable growth in Moldova and bolster economic resilience across the Black Sea Region.”
“We are proud to strengthen our partnership with the Black Sea Trade and Development Bank through this expanded facility, which will help us deliver on our mission to empower Moldova’s entrepreneurs—especially women and those championing green innovation. This funding is not only timely but also strategic, as it enables us to extend credit to areas with the greatest transformative potential: MSMEs, sustainable energy, and gender-inclusive business growth. By aligning with BSTDB’s regional development goals, we are helping build a more resilient, inclusive, and future-ready Moldovan economy.” – said Carmina Vicol, CEO of Prime Capital.
OCN Prime Capital SRL is one of the leading microfinance companies in Moldova. As of end-September 2024, Prime Capital reported total assets of USD 21.7 million and total equity of USD 14.3 million with capitalization ratio of 66%. Prime Capital is the 11th largest microfinance company in Moldova (out of 118 non-bank financial institutions). The Company’s head office and microlending office are based in Chisinau, two branches are located in the north and south of the country and it has 52 employees.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, 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. For information on BSTDB, visit www.bstdb.org.
Contact: Haroula Christodoulou
: @BSTDB
