Microinvest, part of the Banca Transilvania Financial Group, has secured new financing from the Black Sea Trade and Development Bank (BSTDB), amounting to 15 million euros.

The funds will help increase SMEs’ access to finance and support green investments in the Republic of Moldova.

This is the second credit line that Microinvest has received from the Black Sea Trade and Development Bank. The first, amounting to 10 million euros, was also intended to support SMEs and the financing of green projects.

Entrepreneurs need access to finance at the right time, when an opportunity arises or an investment becomes necessary. The new agreement with BSTDB gives us more resources to support business growth in Moldova, including investments in energy efficiency and sustainable solutions. We value the trust built through our first partnership and are pleased to continue creating more opportunities for entrepreneurs in every region of the country.

Dumitru Svinarenco
Chief Executive Officer
Microinvest

The Black Sea Trade and Development Bank is an international financial institution headquartered in Greece that supports economic development and regional cooperation.

Microinvest is the leading non-bank lender in the Republic of Moldova, with 52,600 clients.