Mobiasbanca – Groupe Société Générale is ready to offer in 2014 loans in the amount of €50 million. These financial resources will be directed towards supporting Moldovan economy by lending to local companies from various sectors as well as to individuals, IPN reports, quoting a communiqué from the bank.

According to the communiqué, Mobiasbanca has significantly intensified the collaboration with its international partners on mutually advantageous terms. In 2013, Mobiasbanca became an active partner of the energy efficiency program, by signing with the EBRD three agreements in the total amount of €12 million The loans granted within this program may be accessed by legal entities (the MoSEFF facility) as well as  individuals (the MoREEFF facilities) to implement measures to reduce energy consumption. The clients benefit from free technical advice, while the successfully implemented project gives the right to obtain the grant component.

Mobiasbanca supports its customers by providing financing for their business development: classic loans, revolving facilities, leasing, on short or long term (up to 10 years), to finance investments or working capital from EIB loan resources. The volume and term is adjusted according to clients’ needs.

In early February, Mobiasbanca concluded a new partnership agreement with the EBRD, which is a risk sharing facility up to €10 million. Thanks to this innovative mechanism implemented, the bank will grant larger long-term loans. Thus, while the BERD will assume a part of the credit risk associated with the loan, ambitious projects that previously could not be accepted due to regulatory limits on the amount of credit will now be financed at a maximum volume.

“We would like to contribute to their development and the progress of Moldovan economy with our offer of products and services, but also with our expertise as a member of a world leading financial group and 150 years of group experience in this field,” said Ridha Tekaia, the president of the bank.

Mobiasbanca is a universal commercial bank, serving over 106,000 active clients in the corporate, SME and retail sectors through a network of 56 branches. The bank is a subsidiary of Groupe Société Générale SA, celebrating in 2014 its 150th anniversary.