BSTDB Joins New International Trade Finance Facility for Moldova’s Trans-Oil Group
Facility to support 2025 harvest procurement and boost regional agri-food value chains
The Black Sea Trade and Development Bank (BSTDB) has joined a newly renewed and expanded up to USD 325 million international trade finance facility for Trans-Oil Group, committing USD 25 million. Structured as a classic borrowing base and led by ING Bank N.V., the facility, arranged for its Swiss subsidiary, TOI Commodities SA, will finance the purchase of 2025 harvest agricultural commodities from farmers and suppliers in Republic of Moldova and Romania. The financing will enable the Group to scale up its activities, boosting regional food security and trade continuity.
This is the largest facility ever raised by Trans-Oil Group and brings together a syndicate of 16 commercial and development finance institutions, underscoring the Group’s strong market standing and the confidence of international lenders.
Dr. Serhat Köksal, BSTDB President, commented: “Our participation in this landmark facility reflects BSTDB’s enduring commitment to advancing regional integration and food security. Trans-Oil Group is not only a market leader in Republic of Moldova, but also a key regional player actively engaged across our Member States. By supporting Trans-Oil, a market leader leader in Republic of Moldova and a key regional player, we are helping to sustain vital agricultural value chains, empower local producers, and ensure the continued flow of goods at a time of geopolitical and economic uncertainty.”
“This renewal is a strong vote of confidence from our financial partners including Black Sea Trade & Development Bank, our long-standing partner. It will directly support our core procurement operations in Republic of Moldova and Romania and underpins our broader strategy of regional growth. Trans-Oil Group is fully dedicated to the grain origination in the region with substantial investments contributing positively to the global food supply chain and, in this respect, Black Sea Trade & Development Bank’s support is key for the Group.”, said Vaja Jhashi, Chairman of the Board of Trans-Oil Group.
TransOil Group started its grain and agro-trading activities in the Black Sea region in 1996, when the company’s founders launched agribusiness activities in the Republic of Moldova and Ukraine. As of today, TransOil is the largest buyer and exporter of grain and oilseeds in Republic of Moldova, with a unique and integrated system of sourcing, processing, storing, and transportation of commodities. The Group operates 16 storage facilities all over Republic of Moldova with a capacity to store over 750 thousand tons of various grains at a time and three edible oil production plants with a total crushing capacity of 600 thousand tons. It also owns two grain terminals and a sunflower oil terminal in Republic of Moldova, as well as a number of agricultural, processing, transport and infrastructure enterprises in Romania and Serbia.
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
E-mail: cchristodoulou@bstdb.org
Phone: +30 2310 290533
Twitter: @BSTDB; @Haroulax
