Microinvest, the largest microfinance company in the Republic of Moldova, is receiving a senior multi-currency loan equivalent to EUR 20 million from the European Bank for Reconstruction and Development (EBRD), the largest institutional investor in the Republic of Moldova.

The financing agreement was formally signed in London, at the headquarters of the European Bank for Reconstruction and Development, by:

• Francis Malige, Managing Director, Financial Institutions, EBRD;
• Dmitrii Svinarenco, Chief Executive Officer, Microinvest;
• Levon Khanikyan, Chairman of the Management Board, Victoriabank.
  
  

The financing is intended to support micro, small and medium-sized enterprises and will contribute to the development of the Republic of Moldova’s private sector, as well as to strengthening the competitiveness and resilience of Microinvest, a company acquired in 2025 by Victoriabank, which is part of the Banca Transilvania Group.

The partnership with Microinvest is an important step in strengthening Moldova’s private sector. Small and medium-sized enterprises are the backbone of the country’s economy, and expanding their access to finance is essential for growth, innovation and resilience. This new financing agreement will enable Microinvest to reach more entrepreneurs across the country, supporting them to invest, grow and build stronger businesses despite the challenging regional environment.

Francis Malige
Managing Director, Financial Institutions
EBRD

Signing the financing agreement with the European Bank for Reconstruction and Development is an important step for Microinvest. This agreement worth EUR 20 million is Microinvest’s first transaction with the EBRD and strengthens our ability to support entrepreneurs across the country. We thank the EBRD for its strategic engagement in Moldova and for the trust placed in Microinvest as a key partner in advancing financial inclusion.

Dmitrii Svinarenco
Chief Executive Officer
Microinvest

We are proud to extend our partnership with the EBRD to Microinvest as well, a company we have recently acquired. This loan will enable Microinvest to expand financing for the SME segment, providing the resources needed to continue growing. It is a direct contribution that Microinvest, together with Victoriabank, is making to the development of business and the economy.

Levon Khanikyan
Chairman of the Management Board
Victoriabank

With over 22 years of experience, Microinvest has a 40% market share. In the third quarter of 2025, the company reported total assets of EUR 392 million.

The financing announced today is part of the EBRD’s commitment to support the development of the Republic of Moldova’s private sector and its green transition, while promoting sustainable growth and resilience in the face of regional challenges.