Maib secures EUR 15 million from Green for Growth Fund to expand financing for energy efficiency and renewable energy investments
Maib has signed a EUR 15 million subordinated loan agreement with Green for Growth Fund (GGF) for a maturity of 10 years. The financing will strengthen the Bank’s capital position and support the expansion of financing for energy efficiency and renewable energy projects across the Republic of Moldova.
The funds will be directed towards financing investments undertaken by micro, small and medium-sized enterprises, households, homeowners’ associations, large corporations, and local public authorities. These investments will support projects aimed at reducing energy consumption, improving operational efficiency, and strengthening long-term economic resilience.
Macar Stoianov, Deputy Chairman of maib, said:
“This financing strengthens our capacity to support investments that contribute to the long-term development of Moldova’s economy. Energy efficiency and renewable energy are strategic priorities for enhancing the competitiveness of businesses and strengthening the country’s energy security. Through this agreement, we are expanding access to financing for clients investing in modernisation, productivity, and sustainable growth.”
The Republic of Moldova continues to advance its alignment with European sustainability and green finance standards. In this context, access to long-term capital plays an important role in accelerating investments that support economic modernisation and the energy transition.
Iwona Piórko, the Ambassador of the European Union to the Republic of Moldova, commented:
"The European Union is working together with financial partners to expand access to finance for Moldovan households, businesses and public authorities, support sustainable investments in energy efficiency and renewable energy, and strengthen the country’s economic resilience. This new agreement between maib and the Green for Growth Fund, supported by the European Union, will help clients access long-term financing to invest in green solutions, while advancing Moldova’s green and economic transformation in line with EU standards and accession criteria".
Oxana Bînzaru, Regional Director at Finance in Motion, manager of the Green for Growth Fund, said:
“With the strong backing of the European Union, this EUR 15 million subordinated investment is a clear vote of confidence in maiband in Moldova’s economic future. By strengthening capital over the long term, we are reinforcing the bank’s ability to serve as a pillar of stability, growth and trust in Moldova’s financial sector; to mobilize financing at scale for sustainable, green investments and drive Moldova’s transition towards a more competitive and future-ready economy”.
As the largest bank in the Republic of Moldova, maib continues to mobilise international capital to support investments in key sectors of the economy and create development opportunities for people, businesses, and communities.
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