Press release
PRIME CAPITAL HAS RECEIVED ADDITIONAL CREDITING RESOURCES IN VALUE OF 10 BILLION DOLLARS
The American financing corporation World Business Capital (WBC) with the support of Overseas Private Investment Corporation (OPIC) granted to the financial company PRIME CAPITAL, a 10 billion US dollars credit line, for a period of 12 years. The credit line is aimed for mortgage loans for individuals and legal entities, which will allow extending the wide range of mortgage products offered by PRIME CAPITAL. WBC and OPIC have already experience in lending to Moldovan companies.
The financial company PRIME CAPITAL was founded at the end of 2005, and began its activity in 2006. Initially, the company was specialized only in mortgage lending. Later, the variety of activities widened and the company launched the crediting of small and medium sized businesses. Since recently, products for corporate clients have been elaborated, and PRIME CAPITAL has become a genuine financial-crediting company, which operates in all areas of Moldova’s economy. The company also expands its own network of branches in order to be closer to its clients.
At the moment, the loan portfolio exceeds 19 billion USD; monthly sales reached the volume of 1.5-2 billion USD. The company’s equity is exclusively formed of foreign capital, the sole shareholder being the group of private investment funds from US – New Century Holdings (NCH). Currently, PRIME CAPITAL equity constitutes 10.3 billion USD, over passing the equity of some local banks.
PRIME CAPITAL is positioned as a customer oriented company. This requires an outstanding efficiency and transparency in decision making. The use of international management and crediting standards has enabled the rapid market penetration and the gain of customer confidence.
Mortgage products offered by PRIME CAPITAL have the purpose to satisfy different clients’ needs: individuals can benefit of loans for real estate purchasing, repairs, home building, while legal entities can receive investment loans, working capital financing and loans for other operational needs. Loan maturity varies from one month up to 15 years.
