The financing will be used for further lending to Moldovan private micro, small and medium-sized enterprises (SMEs), which will help strengthen Moldova’s private sector and support economic growth.
The loan is part of the Bank’s Financial Intermediary Facility (FIF) program and aims to diversify Microinvest’s funding base, increase the maturity of the commitments and expand SME financing to many times the EBRD’s contribution. The project will also help expand regional coverage and attract new clients, addressing significant transition gaps in Moldova’s financial sector.
The project will enhance the competitiveness and sustainability of Microinvest, which was recently acquired by Victoriabank, a Moldovan commercial bank.
With over 22 years of experience, Microinvest already plays a key role in the local financial market, offering customized financial solutions to businesses, farmers and individuals, contributing to both economic and social development. By expanding SME lending and maintaining portfolio quality, Microinvest will play an important role in creating a more sustainable and inclusive financial system in Moldova.
Microinvest is a dominant player in Moldova’s financial market, with a 40% market share in non-bank financial institutions and the fifth largest loan portfolio among banks and non-bank financial institutions. As of the third quarter of 2025, the company’s total assets amounted to €392 million, emphasizing its strong market position and ability to make a significant impact.
Its only associate bank, Victoriabank, is the third largest commercial bank in Moldova.
This investment reaffirms the EBRD’s commitment to supporting Moldova’s private sector development and green transition, as well as promoting sustainable growth and resilience in the face of regional challenges.
The EBRD is Moldova’s largest institutional investor. Since the start of Russia’s war with Ukraine, the bank has provided €1.7 billion to Moldova to mitigate the economic impact on the country’s economy.
Overall, the Bank has invested almost €2.9 billion in the country to date in 188 projects, with 40% of its portfolio in sustainable infrastructure.
