The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union, has extended a new €10 million financial package to OTP Bank Moldova under the EU4Business-EBRD Credit Line.
EBRD announced on 17 December that the new financing would provide investment support for micro, small and medium-sized enterprises (MSMEs) across Moldova, helping them upgrade technology and equipment, improve standards, and strengthen competitiveness in both domestic and EU markets. The initiative also promotes EU standards in the Moldovan market, fostering sustainable growth and innovation.
Through loans and grants, the EU4Business-EBRD Credit Line supports a wide range of projects that increase the competitiveness and capacity of small and medium enterprises (SMEs) from countries such as Moldova, both in the EU and their home markets. EU4Business is an umbrella initiative of the European Union that includes all EU support to small and medium enterprises in Armenia, Azerbaijan, Georgia, Moldova and Ukraine.
Since 2016, OTP Bank Moldova has successfully placed €70 million of such loans, enabling businesses to modernise operations and adopt best practices. At least 70 per cent of these investments have been green, focusing on energy efficiency and environmentally friendly technologies.
