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20 million USD for JSCB “Moldindconbank”

13.11.2012

JSCB Moldindconbank continues its fruitful cooperation with International Financial Organizations in the field of financing the real economy of Moldova. On 13th of November 2012 JSCB Moldindconbank signed the second long term facility agreement with the entrepreneurial development bank FMO (the Netherlands Development Finance Company) for USD 20 million.

The proceeds of the credit line will be used to finance investments and working capital of Moldovan small and medium enterprises (SMEs) with medium and long-term loans.

JSCB Moldindconbank is the 3rd largest bank in Moldova by assets, gross loans and total deposits, holding an approximately 14-15 per cent of the market share. JSCB Moldindconbank has 107 banking offices operating all over the territory of the Republic of Moldova. The number of clients amounts to almost 14 thousand companies and 250 thousand individuals.

About FMO

The Netherlands Development Finance Company (FMO) is the entrepreneurial development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of € 4.6 billion, FMO is one of the largest bilateral private sector development banks worldwide. FMO's mission is to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.

www.fmo.nl

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