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The new exchange is not expecting IPOs of major players in the next three years

The Moldova International Stock Exchange (BIM) will be officially registered in December 2025, and will receive authorization to start its activity from the NCFM by the end of June 2026.
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The new exchange is not expecting IPOs of major players in the next three years

This was announced by the Bucharest Stock Exchange, informing that on October 31, this entity, together with the Public Property Agency of Moldova, maib, Donaris Vienna Insurance Group, GRAWE Carat Asigurări, Moldindconbank, MK Kredit, OTP Bank, Moldcell and Premier Energy completed the signing of the Shareholders’ Agreement, which was one of the key stages of the International Stock Exchange of Moldova.

According to Petru Delinschi, Executive Director of MK Kredit Company, BIM should become a driver of capital retention, investment attraction and strengthening the financial capacity of the business.

This company is the only non-banking credit organization in Moldova to join the shareholders of the International Exchange of Moldova with a 5% stake, created in mid-October 2025. Participation in the BIM project opens access to technological solutions and experience of the developed stock market, which creates a fundamentally different level of infrastructure and eliminates technological limitations of the existing Stock Exchange of Moldova. The latter has not developed for a long time and did not allow the formation of an active market.

The creation of the stock exchange will provide the country with a basic infrastructural tool and increase its investment attractiveness, although it is premature to expect IPOs of major players, including banks, in the next 3 years, according to Petr Delinsky.

Speaking about the non-banking lending market, the head noted that MK Kredit for 10 years has become one of the leading companies in terms of the volume of work with businesses, focusing on micro and small enterprises with a share of loans to individuals no more than 10%. He noted that it is micro and small businesses that are most often rejected by banks in the early stages of development, so the NPO niche will remain in demand.

At the same time, Petr Delinsky emphasized that the cost of external resources against the backdrop of the war in the region has increased significantly and could have been at least 8 p.p. lower in conditions of stability. However, after the elections, international partners began to consider more actively projects in Moldova with a horizon of up to 3 years, which creates prerequisites for the recovery of investment activity and expansion of opportunities for the development of small and medium-sized businesses in the country.


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