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July 28, 2011updated 12 Apr 2017 4:12pm

EBRD supports leasing in Moldova

The European Bank for Reconstruction and Development has provided a 2m loan to equipment leasing company BT Leasing Moldova to continue to support the development of a leasing market in Moldova

By Elza Holmstedt-Pell

The European Bank for Reconstruction and Development has provided a €2m loan to equipment leasing company BT Leasing Moldova to continue to support the development of a leasing market in Moldova.

BT Leasing Moldova specialises in leasing to small and medium enterprises in Moldova.

An EBRD statement said the country’s economy has started to rapidly recover, and demand for financing from local SMEs is growing whereas bank loans to businesses remain limited.

Small businesses represent about 98% of Moldovan enterprises and the EBRD wants to diversify the availability of financing the businesses.  

“The EBRD supports BTL Moldova’s strategy to broaden its outreach to customers across the country and to expand its product portfolio,” said Libor Krkoska, head of the EBRD in Moldova. “By assisting the further development of the leasing market we will make a real difference to Moldovan small businesses, helping them become stronger and more competitive.”

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