EBRD provides €20 million loan to boost MSME finance in Moldova
The European Bank for Reconstruction and Development (EBRD) is providing a senior multi-currency loan of up to €20 million equivalent to NBFC Microinvest LLC, Moldova’s largest non-bank lending institution. The financing will be used for on-lending to local private micro, small and medium enterprises (MSMEs), helping to strengthen Moldova’s private sector and support economic growth.
This investment is part of the Bank’s Financial Intermediaries Framework (FIF) and aims to enable Microinvest to diversify its funding base, extend the duration of its liabilities, and expand MSME financing at a multiple of EBRD’s contribution. The project will also promote regional outreach and acquisition of new clients, addressing significant transition gaps in Moldova’s financial sector.
The project will boost the competitiveness and resilience of Microinvest, which was recently bought by Moldova’s Victoriabank.
With over 22 years of experience, Microinvest already plays a key role in the local financial market by offering tailored financial solutions to businesses, farmers, and individuals – helping to fuel both economic and social development. By expanding MSME lending and maintaining portfolio quality, Microinvest will play a key role in fostering a more robust and inclusive financial system in Moldova.
Microinvest is a dominant player in Moldova’s financial market, holding 40 per cent of the non-bank financial institution market and ranking fifth among banks and NBFIs by loan book size. As of the third quarter of 2025, the company reported total assets of €392 million, underlining its strong market position and capacity to deliver impact.
Its sole associate, Victoriabank, is the third largest commercial bank in Moldova.
This investment reinforces the EBRD’s commitment to supporting Moldova’s private sector development and green transition, while promoting sustainable growth and resilience in the face of regional challenges.
The EBRD is Moldova’s biggest institutional investor. Since the start of Russia’s full-scale invasion on neighbouring Ukraine, the Bank has provided €1.7 billion to Moldova to help mitigate the economic consequences of the war on the country’s economy.
Overall, the Bank has invested almost €2.9 billion in 188 projects to date in the country, with 40 per cent of its portfolio in sustainable infrastructure.
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08.02.2026.00:29
GFTN: Tbilisi Finance Summit helps deepen international interest in Georgia's financial ecosystem
30.01.2026.17:59
Global Finance & Technology Network (GFTN), a Singapore-based nonprofit organisation, published a report on the Tbilisi Finance Summit held in Georgia, summarising the key issues.
According to the report, the Tbilisi Finance Summit serves as an international platform for the fintech industry and financial representatives to review future financial technologies, innovation infrastructure development and the role of the Middle Corridor project as a significant global trade hub.
“The Tbilisi Finance Summit helped deepen international interest in Georgia’s financial ecosystem and intensify regional cooperation,” the GFTN said.
Based on the report, Financial services infrastructure naturally follows trade flows. The development of the Middle Corridor increases the need for modern solutions to trade financing and cross-border payments, which makes Georgia an active financial player in the Black Sea region.
The summit focused on Georgia’s positioning in the Black Sea region and the country’s opportunities to develop cross-border payments, trade financing and digital financial services.
A large-scale international event, the Tbilisi Finance Summit, was held on October 22-23, 2025, within the framework of the Tbilisi Silk Road Forum, with co-organisation of the Georgian Ministry of Economy and Sustainable Development and Global Finance & Technology Network (GFTN).
The event was attended by leaders of the fintech industry and financial sector, representatives of large companies, and experts invited from different countries around the world.
