Victoriabank and the European Bank for Reconstruction and Development, the largest institutional investor in the Republic of Moldova, have signed two contracts of USD 5 million each under the Trade Facilitation Programme. For Victoriabank, this financing is an additional opportunity to support the Republic of Moldova’s economy.

The programme is run by the EBRD and supports Victoriabank’s international trade services by promoting foreign trade to, from and between the countries in which the European Bank for Reconstruction and Development invests.

“We are honoured to be part of the Trade Facilitation Programme run by the EBRD and of the trust it places in us. The programme offers Victoriabank, part of Banca Transilvania Financial Group, another opportunity to support international and intra‑regional trade in line with the highest standards. We are pleased to have the opportunity to confidently offer our corporate clients in trade, industry and services secure, swift financing and guarantee solutions tailored to each client’s needs, which will help enhance competitiveness and open up new import‑export opportunities,” said Bogdan Plesuvescu, President, Management Committee, Victoriabank.

Victoriabank is the third-largest bank in the Republic of Moldova, with over 620,000 clients, nearly 100 branches and 1,300 employees. It is also the first commercial banking institution in Moldova, founded in 1989.