BAKU, Azerbaijan, January 27. The European Bank
for Reconstruction and Development (EBRD) has extended a senior
multi-currency loan of up to €20 million equivalent to NBFC
Microinvest LLC, Moldova’s largest non-bank lending institution,
Trend reports
via the Bank.
The funding will be used to support local micro, small, and
medium enterprises (MSMEs), bolstering private sector development
and driving economic growth.
The investment is part of the EBRD’s Financial Intermediaries
Framework (FIF), designed to help financial institutions diversify
funding, extend liability maturities, and expand MSME financing at
a multiple of the Bank’s contribution. The project will also
enhance regional outreach and attract new clients, addressing key
transition gaps in Moldova’s financial sector.
Microinvest, recently acquired by Victoriabank, Moldova’s
third-largest commercial bank, will use the financing to strengthen
competitiveness and resilience. With over 22 years of experience,
Microinvest is a leading player in Moldova’s financial market,
providing tailored financial solutions to businesses, farmers, and
individuals. The company holds 40% of the non-bank financial
institution market and ranks fifth overall by loan book size, with
total assets of €392 million as of Q3 2025.
“This financing will help Microinvest expand its MSME lending
while maintaining portfolio quality, supporting a more robust and
inclusive financial system in Moldova,” the EBRD said.
The project underscores the Bank’s commitment to private sector
development and sustainable growth, particularly amid regional
challenges. Since the start of Russia’s full-scale invasion of
Ukraine, the EBRD has provided €1.7 billion to Moldova to help
mitigate economic impacts, bringing its total investment in the
country to nearly €2.9 billion across 188 projects, with 40% of its
portfolio in sustainable infrastructure.