The EBRD plans to provide maib a loan of up to 35 million euros to lend to Moldovan companies directly or indirectly affected by the economic consequences of the war in Ukraine.
A decision on the allocation of this loan is scheduled to be made on May 23, 2022. As noted in the materials of the European Bank for Reconstruction and Development, it is about supporting the Moldovan economy and expanding maib lending opportunities, providing much-needed access to financing for Moldovan companies affected by the economic consequences of the war in Ukraine due to supply chain disruptions and other shocks, with the ultimate goal of preserving the country's livelihoods. The loan is provided in the emergency circumstances of the ongoing war in Ukraine in order to effectively fill the funding gap due to unfavorable market conditions. Maib is the largest systemic bank in Moldova with total assets of 1.9 billion euros, total capital of 278 million euros, a loan portfolio of 1 billion euros as of March 31, 2022 and a market share of 33%. Maib is 41.09% owned by HEIM Partners, a consortium of investors that includes the EBRD, Horizon and Invalda. An international consortium of investors, including the European Bank for Reconstruction and Development, the leading Baltic asset management group Invalda INVL, and European emerging market-focused private equity firm Horizon Capital, has been maib's largest shareholder since 2018. // 29.04.2022 — InfoMarket
