EBRD increases unfunded risk-sharing for Moldovan bank maib
Moldova Republic of, Oct. 6 -- The?European Bank for Reconstruction and Development?(EBRD) has increased the threshold of its unfunded risk-sharing facility to leading Moldovan bank, maib, from €20 million to €35 million, unlocking a total of €70 million of new finance for on-lending to Moldova's businesses.Visiting EBRD Managing Director for Ukraine and Moldova Arvid Tuerkner and maib Chief Executive Officer Giorgi Shagidze signed the guarantee increase agreement in Chisinau, in the presence of incoming EBRD Moldova Head of Office Giuseppe Grimaldi and his predecessor, Catarina Bjorlin Hansen, who is taking up a new position in Iraq.The facility allows the EBRD to share maib's exposures to local business through unfunded ...
To read the full article or to get the complete feed from this publication, please
Contact Us.