Moldovan businesses will get easier access to financing thanks to a new €5 million loan package from the European Bank for Reconstruction and Development (EBRD) and the European Union to ProCredit Bank Moldova, the EBRD announced. The financing, extended under the EU4Business-EBRD Credit Line, will support small and medium enterprises looking to upgrade equipment, align with EU standards, and adopt green technologies. EBRD President Odile Renaud-Basso signed the agreement during a visit to Moldova.
The EU4Business-EBRD Credit Line uses loans and grants to help small and medium businesses in countries including Moldova boost their competitiveness both at home and in EU markets. EU4Business is an umbrella initiative of the European Union covering business support across Armenia, Azerbaijan, Georgia, Moldova, and Ukraine. ProCredit Bank has been one of the EBRD’s most active partners under the program in Moldova, successfully placing €45 million in financing since 2018. The new €5 million loan will help the bank meet rising demand from business clients and keep operations running smoothly.
The financing targets micro, small, and medium enterprises seeking to invest in equipment, products, and services that meet EU standards and improve competitiveness for international trade. At least 70% of the loan is expected to finance green technology investments. The loan comes with EU grant funding that will provide incentives to borrowers who complete successful investment projects, as well as technical support to help ProCredit Bank and its clients implement projects effectively.
Moldova received EU candidate status in 2023, and this new financing will help align the country’s financial and environmental standards with targets outlined in its Growth Plan. ProCredit Bank is a development-oriented commercial bank and the fifth largest in Moldova. It’s fully owned by ProCredit Holding AG & Co and part of the international ProCredit Group based in Frankfurt, which operates 12 banking subsidiaries in transition economies and developing countries, plus a bank in Germany.
The EBRD is Moldova’s largest institutional investor, having committed nearly €2.9 billion across 193 projects to date, with 40% of its portfolio focused on sustainable infrastructure.
