EBRD DIRECTORS VISITING MOBIASBANCA

Members of the European Bank for Reconstruction and Development (EBRD) Board of Directors made a working visit to the Mobiasbanca and met representatives of the bank Administrative Board and its President Antoine Gabizon.

According to the bank Board, the EBRD is one of Mobiasbanca's shareholders and it would be interested to find out not only about the Moldovan bank activities, the implemented projects and the achieved successes, but also about the state of things in the country's banking sector in general, the investment climate and about the impact of reforms on financial market.

One of the key topics of discussion was the current EBRD cooperation with Mobiasbanca, as well as the development and the implementation of new projects.

The commercial bank said that the EBRD has many times provided credits to domestic entrepreneurs by means of attractive financing programs, often accompanied by a grant, thus contributing to local economy development.

"Currently, one of the most popular financial products, proposed only in Mobiasbanca, is the joint EBRD program and the EU4Business-EBRD credit line, designed for small and medium enterprises, which seek to improve the quality of their goods and modernize services for harmonizing them with EU standards and for coming on new sales markets", bank representatives said.

Infotag's dossier: The EBRD holds 8.84% Mobiasbanca shares. The first agreement of cooperation between the Mobiasbanca and the EBRD was signed in 1996. The Cooperation with the EBRD is annually extended due to different projects, such as financing the activities of companies, engaged in imports and exports, long-term financing for small and medium enterprises, microenterprises and projects in the field of energy efficiency.