EBRD loan of EUR 5 mln to Moldova’s Mobiasbanca

Interview

Photo by Piotr Swat / Shutterstock.com

Moldovan businesses will benefit from greater access to finance as the European Bank for Reconstruction and Development is extending a new EUR 5 million loan to its longstanding partner in the country, Mobiasbanca-OTP Group S.A., EBRD says.

Photo by Piotr Swat / Shutterstock.com

Many local companies have been affected by the coronavirus crisis and are seeking urgent financing. The EBRD loan to Mobiasbanca will be extended either in U.S. dollars, or in euros, or Moldovan lei, depending on the needs of customers.

The new financing is part of the EBRD’s efforts to help countries in its regions to combat the impact of the coronavirus and support the recovery, the bank said on May 28.

Banking Sector Forint Liquidity up in February Banking

Banking Sector Forint Liquidity up in February

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.