Maib signs financing agreements of up to EUR 190 million with EBRD, EFSE and GGF to fund businesses in Moldova

04 Jun, 2026

Investor relations release, 4 June 2026

Maib signs financing agreements of up to EUR 190 million with EBRD, EFSE and GGF to fund businesses in Moldova

Maib is pleased to announce the signing of three landmark financing agreements at the EU–Moldova Investment Conference held on 4 June 2026 in Chișinău. The agreements, concluded with Finance in Motion's umbrella funds, the Green for Growth Fund (GGF) and the European Fund for Southeast Europe (EFSE), and with the European Bank for Reconstruction and Development (EBRD), represent a major step in channeling international capital into Moldovan businesses, aiding the resilience of Moldovan economy. Alongside the signed agreements, maib and GGF also exchanged letters of intent for two direct investments in Moldova's real economy: a facility of up to EUR 30 million for brick production facility and up to EUR 80 million for the renewable energy capacity. With these landmark signings maib reinforces its standing as the premier conduit of European funds into the private sector of Moldovan economy.

Subordinated loan with GGF — a mark of long-term confidence

Maib signed a subordinated loan of EUR 15 million with the Green for Growth Fund (GGF), a long term financing partner. The 10-year facility qualifies as Tier 2 regulatory capital, reinforcing maib's capital base and enhancing its solvency metrics. By strengthening the Bank's loss-absorbing capacity and creating additional headroom above regulatory requirements, the instrument supports expanded lending to entrepreneurs and high-growth businesses, without diluting existing shareholders. Proceeds will finance energy efficiency and renewable energy investments by households, housing associations, SMEs, large corporates, and municipalities in Moldova. Earlier in 2026 maib signed a EUR 20 million subordinated loan agreement with EFSE.

Senior loan with EFSE — EUR 15 million denominated in MDL for small business lending

Maib also signed a EUR 15 million senior loan with the European Fund for Southeast Europe (EFSE). The loan is denominated in MDL, with currency hedging facilitated by TCX Fund with EU support. The facility will be on-lent to micro, small and medium enterprises (MSMEs) and entrepreneurs registered in Moldova, financing working capital and investment needs, including fixed assets and raw materials, across the economy. Special focus of the loan is on sustainable agriculture. Facility ensures broad access for smaller businesses across the country.

EBRD portfolio risk-sharing facility — up to EUR 50 million in new MSME lending

The EBRD is providing a new portfolio risk-sharing (PRS) facility of up to EUR 25 million to maib, which will unlock up to EUR 50 million in new lending to MSMEs. The guarantee, supported by first-loss risk coverage from the EU's European Fund for Sustainable Development Plus (EFSD+), builds on a successful pilot concluded in 2024. By sharing credit risk on newly originated loans, the EBRD enables maib to expand MSME financing while optimising capital use under evolving regulatory requirements. The project will improve access to finance for underserved segments, including women- and youth-led businesses and enterprises outside Chișinău.

All three facilities carry green conditionality: GGF-financed sub-loans must achieve a minimum 20% reduction in primary energy consumption or CO₂ emissions on average; a part of the EFSE facility is earmarked for sustainable agriculture lending; and the EBRD facility includes a requirement to utilize a part of the facility limit for the purposes of making green sub-loans.

Financing Moldova's green economy

In addition to the three signed agreements, maib and GGF exchanged letters of intent for two significant direct investments in Moldova's real economy. The first covers a senior loan facility of up to EUR 30 million to finance a new, modern and energy-efficient brick production facility in Moldova. The second covers a senior loan of up to EUR 80 million to finance the construction of two wind power plants with a combined capacity of 65 MW with energy storage, aimed at scaling up renewable energy generation and strengthening Moldova's energy independence.

Macar Stoianov, maib vicepresident Finance, commented:

These agreements are a testament to maib's ability to attract and channel international capital directly into Moldovan businesses. These funds strengthen our capacity to support investments that contribute to the long-term development of Moldova’s economy. Energy efficiency, renewable energy and sustainable agriculture are strategic priorities for enhancing the competitiveness of businesses and strengthening the country’s energy security and resilience. Through these agreements, we are expanding access to financing for customers investing in modernisation, productivity, and sustainable growth. We are deeply grateful to Finance in Motion, GGF, EFSE and the EBRD for their trust and continued partnership.

About maib

Maib is the largest bank in Moldova, with a share of 38.2% of deposits and 37.7% of loans of the entire banking system as of Q1 2026. Maib is a disciplined lender with an NPL ratio of 0.9% (IFRS) and is well-capitalised with a CAR of 20.0% as of Q1 2026. The Bank is of systemic importance to the country, serving nearly half of the population and is one of the largest private employers in Moldova, with a workforce of over 2,500 people. Since 2018, maib's largest shareholder has been a consortium that includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a leading asset management group in the Baltic States, and Horizon Capital, a private investment fund focused on emerging markets.

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Evgenii Risovich
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Maib signs financing agreements of up to EUR 190 million with EBRD, EFSE and GGF to fund businesses in Moldova – Investor Relations