The new financing sources for the customers of Total Leasing & Finance SA
Commercial Bank B.C. "Moldova Agroindbank" S.A. provided a total amount of 3 million EUR to Total Leasing & Finance SA. This is the third line provided by the bank of this company. The funds are provided for a period of 48 months, intended for customers of Total Leasing & Finance SA, as well as individuals and legal entities that can obtain loans or finance leases for their needs.
Ghenadie Lavric, executive manager and operations director of Total Leasing & Finance SA: "Credit line from B.C. "Moldova Agroindbank" S.A. was signed on August 29 - the day when Total Leasing & Finance SA celebrated 12 years at the market. We became the first leasing company with 100% foreign capital in the Republic of Moldova and we’ve implemented the best strategies in accordance with international standards. Cooperation with international partners and Moldovan commercial banks extends our capabilities and stimulates the development of financing and leasing projects among our regular customers, also attracts new customers. Individuals and legal entities can quickly, as a rule - during the day, get financing for their projects, purchase of cars or equipment".
At present, Total Leasing & Finance SA operates eight credit lines from international financial organizations and Moldovan banks for a total amount of EUR 28.5 million: Black Sea Trade and Development Bank – 4,5 million EUR; Responsability Investments AG – 6,0 million EUR; Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) – 3,0 million EUR; Deutsche Investitions und Entwisklungsgesellschaft MBH (DEG) - 5,0 million EUR; Green for Growth Fund – 2,0 million EUR; OikoCredit, Ecumenical Development Co-operative Society U.A.- 1,5 million EUR, BC Mobiasbanca – Gruppe Societe Generale – 3,0 million EUR; BC Moldindconbank SA - 3,5 million EUR; BC Moldova-Agroindbank SA - 3,0 million EUR.
Total Leasing & Finance SA is the first leasing company in Moldova with 100% foreign capital, it was founded on August 29, 2006. Its shareholders are Emerging Europe Leasing and Finance B.V (EELF) - 75.38%, the Netherlands, as well as Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) - 24.62%, the Netherlands. The main task of the company is to provide access to financial resources for small, medium and large enterprises, as well as for individuals, including from rural areas, with the possibility to increase and diversify their incomes, increase stress resistance to crises, and invest in new projects. At the same time, the company strives to reduce risks for its own and its customers by taking a responsible attitude towards financing, both in terms of analyzing the solvencies of businesses or individuals, and in terms of amounts of the resources given out.
Total Leasing & Finance SA is included in the TOP-3 leasing companies of Moldova within 12 years, it also plays a significant role in the microcrediting market. According to the official statistics in 2017, the company covers 15.5% of the leasing market (the third result) and 5.6% of the microcredit market.