Banca Transilvania (BT) of Romania has plans to buy 100% of the share capital of the Moldovan nonbank financial market leader Microinvest, which lends to micro-enterprises. In a press release, the Bank said it is waiting for the consent of the surveillance authorities of Romania and of other relevant authorities, IPN reports.

BT noted that Microinvest in time cemented a solid position as a powerful brand on the market. The company has over 25,000 customers, almost 200 employees, 13 branches and so far provided over 30,000 loans. The professional management team with expertise and experience in banking and microfinance is another strong point of Microinvest.

BT entered the market of Moldova in 2008, initially through BT Leasing Moldova and in 2018 through Victoriabank.