OREANDA-NEWS. July 18, 2012. As it was informed in the press service of the company, FMO is the banking and financial organization of public-private partnership 51% owned by the Government of the Netherlands, 49% - commercial banks, trade unions and other representatives of the private sector. Credit is granted for 5 years.

It is planned that 70% of the funds will be directed to the provision of leasing and financing of small and medium-sized businesses in Moldova, to develop projects that will help create new jobs, better working conditions and modernization of production, including purchase of equipment, vehicles and property for business development. About 30% of the loan is to go for funding for major corporate clients, as well as transportation and real estate acquisition by individuals.

"This line of credit - is the second received by Total Leasing from FMO (the first - in 2007). For us, it is important to ensure stability, quality and consistency of the leasing portfolio, allowing us to meet the high requirements of such investment institutions, "- said General Director of Total Leasing Angela GlADEI. As it was previously reported, Total Leasing is Moldova's first leasing company with 100 percent foreign capital.

The authorized capital is 38.99 million lei. Leasing portfolio at the end of 2011 totaled 9.9 million euro, an increase over the year by 44.4%. Since establishment of Total Leasing it received credit lines of 6 international financial institutions and banks. In particular, the company has twice received funding from DEG - 5 million euro, from FMO - 5 million euro, from the EBRD - 1.5 million euro, from EELF / Raiffeisen - 2,5 million euro, from OIKOCREDIT - 1 million euro, 0.4 million euros - from ProCredit Bank, as well as USD 5 million from the Black Sea Bank for Reconstruction and Development.