OREANDA-NEWS. February 26, 2008.  BSTDB and Mobiasbanca signed an agreement on a USD 5 million medium-term loan facility to be provided by BSTDB to Mobiasbanca aimed to increase its support for small and medium entrepreneurs in Moldova.

This new loan builds on successful cooperation between the two banks, following earlier BSTDB’s short-term revolving Trade Finance Facility of Euro 3 million provided in 2005. New loan will be used by Mobiasbanca to on-lend to Moldovan companies and will include the financing of projects with maturity up to 5 years, for the creation, modernization, expansion and diversification of business facilities; working capital financing for trade, service, infrastructure and manufacturing enterprises, export and pre-export financing, etc.

Including this operation, BSTDB’s portfolio in Moldova totals over USD 24 million provided through Mobiasbanca, Procredit Bank Moldova, Agroindbank and Banca Sociala.