Brussels, 20/11/2013 (Agence Europe) - On 18 November, the European Investment Bank (EIB) announced that it would lend €20 million to CB Mobiasbanca - Groupe Société Générale SA - to finance projects of SMEs and smaller and medium-sized projects promoted by midcap companies in the Republic of Moldova.
The EIB funds will co-finance projects important for the development of the private sector and undertakings in the areas of social and economic infrastructure - as well as climate change mitigation and adaptation. Including the current loan, the EIB has provided intermediated loans supporting SME and midcap company projects in Moldova totalling €60 million - after the EIB was invited by the 2009 Eastern Partnership summit to extend its investment support for SMEs in the Eastern Partnership region.
This loan will bring the EIB lending commitments in Moldova to some €420 million. (OL/transl.fl)