Chișinău, 13 December – The European Fund for Southeast Europe (EFSE) has extended an EUR 10 million loan facility to ProCredit Bank. The facility will enable the Bank to provide long-term financing to small and medium enterprises (SMEs), contributing to financial intermediation and increased business resilience.
ProCredit Bank is a dedicated SME financier that aims at providing dedicated products and services that cater to the needs of SMEs in Moldova. The financing aims at strenghening ProCredit Bank’s capacities to support local businesses by providing tailored financing for working capital and investment purposes and thus strengthen their competitiveness and facilitate their integration to European markets.
“This partnership reflects our commitment to fostering local economic development and empowering SMEs, which play a key role in the country’s economic stability and growth. We are confident that this collaboration will have a significant impact on the business landscape in Moldova and will enable us to further contribute to our customers’ success”, concluded Vladimir Domentii, the Member of Management Board of ProCredit Bank Moldova.
“Moldovan SMEs are integral to building a vibrant, resilient economy, and their success has far-reaching effects on local communities and beyond,” said Jasminka Begert, Fund Director of EFSE at Finance in Motion. “Through this partnership with ProCredit Bank, EFSE reinforces its mission to channel impactful financing where it matters most, empowering businesses to invest in their growth and unlock new potential.”
About EFSE
An impact investment fund established in 2005, the European Fund for Southeast Europe (EFSE) aims to foster economic development and prosperity in Southeast Europe and the European Eastern Neighbourhood Region. EFSE was initiated by KfW Development Bank with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. As the first public-private partnership of its kind, EFSE draws its capital from donor agencies, international financial institutions, and institutional investors. Finance in Motion and Hauck & Aufhäuser Fund Services S.A., Luxembourg, co-manage the fund.
For more information on the European Fund for Southeast Europe, please visit: www.efse.lu
About Finance in Motion
Finance in Motion is a global impact asset manager focused exclusively on sustainable development in emerging markets and developing economies. The company structures, manages, and advises impact investment funds that bring together public and private investors to address climate change, strengthen biodiversity conservation, foster sustainable use of natural resources, improve livelihoods, and promote economic opportunities.
For more information, please visit: www.finance-in-motion.com.
About ProCredit Bank
ProCredit Bank is a development-oriented commercial bank. We offer excellent customer service to small and medium enterprises and to private individuals who have the capacity to save and who prefer to do their banking through electronic channels. In our operations, we adhere to a number of core principles: We value transparency in our communication with our customers, we strive to minimize our ecological footprint, and we provide services which are based both on an understanding of each client’s situation and on sound financial analysis.
For more information, please visit: www.procreditbank.md
Media Contacts:
EFSE:Nusha Westhoff
Director Marketing & Communications
Mobile: +49 69 271 035-789
press@efse.lu
ProCredit Bank:
Tel.: 0800 000 10
mda.office@procredit-group.com
