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Mobiasbanca SME

Moldova | Financial Institutions

Identification Code:: OP/06/0619
Total Operation Cost:: — USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

5.000.000 USD – 27 Apr 2007
: BSTDB Signed Amount – Signed Date

5.000.000 USD – 25 Jan 2008
: Status:
Completed
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-Financers/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:: 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