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BSTDB Strengthens Partnership with BC „Moldindconbank” S.A. to Support the SME Sector Development

26.10.2011

   On October 25, 2011 The Black Sea Trade and Development Bank (BSTDB) extended its first USD 10 million loan to  Moldindconbank in Moldova. The proceeds of the loan will be used by Moldindconbank to finance eligible Moldovan small and medium-sized enterprises (SMEs). It will improve the SMEs access to credit in challenging times of instability and limited funding opportunities. The operation will contribute to the development and expansion of the SME sector, a key business segment of the Moldovan economy.  Furthermore, it demonstrates continuing BSTDB support to Moldovan banking sector and contributes to fostering competition.  

“The long-term funding still represents a great demand in Moldova. We are confident that together with BSTDB, Moldindconbank will continue to support its clients, Moldovan SMEs, and will therefore generate a positive impact on the development of the National Economy.” said Svetlana Banari, the Chairman of the Managing Board of Moldindconbank.

October 25, 2011 BC "Moldindconbank" SA celebrates 20th anniversary of its successful activities in the banking market of the Republic of Moldova since the reorganization of the bank as a joint stock company.

BC "Moldindconbank" SA is one of the largest systemically important banks in the Republic of Moldova with a well developed infrastructure,  with established business relations and high reputation in the international financial market.

 Today BC “MOLDINDCONBANK” S.A. is the third largest bank in Moldova by total assets (over USD 6 billion). It works as a universal financial institution offering entire range of banking services to both retail and corporate clients. BC “MOLDINDCONBANK” S.A. has a network of 93 branches and agencies in Moldova and employs 925 people. Gross portfolio of loans exceeding 4 billion MDL, more than half of which provided to SMEs and capital of BC "Moldindconbank" S.A. is more than 700 million MDL.

 

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