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Eximbank Gruppo Veneto Banca and the European Bank for Reconstruction and Development sign Loan Agreement for the amount of 20 mln. USD.
Today, March 7, 2008, the Palace of the Republic hosted the official signing of the Loan Agreement between Eximbank Gruppo Veneto Banca and the European Bank for Reconstruction and Development. This Agreement provides a credit line to Eximbank for the amount of 20 mln. USD, for a term of 5 years, to finance small and medium-sized companies located both in Chisinau and across the country. On behalf of the EBRD the Agreement was signed by Mr. Jean-Marc Peterschmitt, EBRD Director for Bank Relationships, and on behalf of Eximbank by CEO Mr.Marcel Chirca. The official ceremony was attended as well by Mr. Nicola Damiani- representative of Veneto Banca in Moldova, Mr. Alexandru Tanase- Superior Banker of EBRD (London), Mr. Libor Krkoska - EBRD Head of Office in Moldova (Chisinau).

The successful finalizing of the negotiations with EBRD reflects the recognition of the dynamic rate of growth, registered by Eximbank, transparency of its activity and the viability of the strategy adopted and implemented by the bank.

The signing of the Agreement will allow Eximbank to diversify its funding resources, contributing to the implementation of new loan projects. Thus, the continuity of bank’s policy to contribute to the development of the real sector of the national economy will be assured.

The Agreement signed today represents the first step in long term collaboration with EBRD, which will certainly contribute to further strengthening of Eximbank’s position on local banking market.

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