The European Fund for Southeast Europe (EFSE) will provide a 7-year subordinated loan in Moldovan lei equivalent to €15 million to MoldovaAgroindbank (maib).

With this funding, the bank will serve micro, small and medium-sized enterprises (MSMEs) and help them increase competitiveness and resilience, while safeguarding them from potential exchange rate fluctuations. The investment is expected to facilitate more than 1,500 loans to MSMEs and support around 6,500 jobs.

“We are especially pleased to partner with maib, which is well equipped to deliver tailored services to MSMEs and be a truly strategic partner for EFSE in channelling sustainable finance to jointly build the country’s business and economic resilience,” EFSE Board Chairperson Klaus Müller said.