Summary of Proposed Investment
Project Number
28856
Company Name
EXIMBANK Gruppo Veneto Banca JSCB
Date SPI Disclosed
Nov 5, 2010
Country
Moldova
Industry
Financial Markets
Projected Board Date
Dec 17, 2010
Status
Completed
Sector
Commercial Banking - SME Finance
Department
Regional Industry FIG LAC & EUR
Environmental Category
FI
Previous Events
Approved : Dec 22, 2010
Signed : Mar 16, 2011
Invested : Jul 21, 2011
Project Description
B.C. Eximbank – Gruppo Veneto Banca S.A. (“Eximbank” or the “Bank”) was established in the Republic of Moldova in 1994. On May 15, 2006 the Bank became a member of Veneto Banca Group following its acquisition by Veneto Banca s.c.p.a. (Italy). Today the Bank services its client through a network of 20 branches and 18 representative offices located throughout the Republic of Moldova.
The proposed IFC investment is consisting of a senior loan of up to EUR20 million with a proposed maturity of up to 5 years, for further on-lending to SMEs, to Eximbank. In the given market environment, IFC is supporting Eximbank with long term financing, sustaining Bank’s efforts in offering high quality financial services to SME sector, which has a high growth potential.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Vitalie Darii, President
Eximbank – Gruppo Veneto Banca
171/1, Stefan cel Mare si Sfint boulevard MD-2004 Chisinau, Moldova Phone: +373 22 301 102
Fax: +373 22 601 611
http://www.eximbank.com/
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384E Mail: Webmaster