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As stated by the EBRD, the project consists of a EUR 5 million senior loan to Eximbank, comprising two equal tranches with the second tranche uncommitted, under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union (EU) and grant support in form of investment incentives.
The proposed project will enable Eximbank to extend investment loans to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. At least 70 percent of all financed sub-loans will be compliant with EBRD Green Economy Transition (GET) approach.
The EBRD categorized the project environmental and social risk as 'FI'.
As stated by the EBRD, Eximbank is a medium-sized universal commercial bank owned by Intesa Sanpaolo since 2018. It is ranked 7-th in Moldova (out of 11) with total assets of EUR 296 million and market share of 3.4% as of the end of 2024.
Financial Intermediary - Eximbank JSCB:
Radu Cazacu
Email: Radu.Cazacu@Eximbank.com
Website: https://eximbank.md/
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html