Victoriabank, part of the Financial Group Banca Transilvania, took today the first step for a new acquisition in the Republic of Moldova, in the field of microfinance. The representatives of Victoriabank and of Microinvest, the leader of the microfinance market in the Republic of Moldova, signed in Chișinău the agreement by which Victoriabank will purchase Microinvest.

The new acquisition will contribute to the growth of Victoriabank, the third bank in the Republic of Moldova, by diversifying the offer, the large number of new customers, and expertise in microfinance.

Microinvest is the largest non-banking lending company in the Republic of Moldova, with a solid market share, 40,000 clients, both legal entities and individuals, 350 employees and 17 branches. It finances SMEs, agribusinesses, as well as the personal plans of clients.

Microfinancing is a distinct niche of the Financiar Group Banca Transilvania, developed by BT Mic, BT Direct and Banca Transilvania. We want to replicate in the Republic of Moldova the success we have in Romania both regarding the support of clients through microfinancing, as well as in the field of acquisitions.

Bogdan Pleșuvescu
Deputy General Director
Transilvania Bank.

Acquisition of Microinvest reflects Victoriabank's direction, of growth including through acquisitions. Microinvest is the company we have always looked at with admiration because it redefined microfinancing in the Republic of Moldova through innovative products and a very good relationship with clients. We appreciate its success, the team's professionalism, and the positive impact on the local economy

Levon Khanikyan
President Victoriabank

We are honored by the trust placed in us and see this change as an opportunity to accelerate our impact on the economy of the Republic of Moldova. Microinvest remains faithful to its mission – to provide accessible, personalized, and responsible financing anywhere in Moldova. The support of a strategic shareholder like Victoriabank, part of the Banca Transilvania Financial Group, strengthens our ability to innovate, expand the range of financial products, and get closer to clients from all regions of the country

Dmitrii Svinarenco
CEO Microinvest.

The transaction will be completed after obtaining approvals from the regulatory and supervisory authorities in Romania and the Republic of Moldova, a stage until which Microinvest will operate independently.

Group Banca Transilvania collaborated for the evaluation and preparation of the transaction with law firms and legal and tax consultants from Romania and the Republic of Moldova, Filip & Company, Vernon | David and Associates, respectively PWC.

Victoriabank recently concluded the merger with BCR Chișinău, marking the success of the Group Banca Transilvania's first acquisition in the Republic of Moldova.

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Photo: Dmitrii Svinarenco, CEO Microinvest; Marcel Varmari, Director of Contracts and Grants, Soros Foundation Moldova; Clive Moody, Managing Partner, Partners and representative of the sellers SIDI, BFSE and Oikocredit; Levon Khanikyan, CEO Victoriabank and Vitalie Corniciuc, Vice President CFO Victoriabank.