Contract to sell 41% of MAIB's shares was signed
foto: PUBLIKA.MD
The State Agency for Public Property (APP) signed a contract on the purchase and privatization of 41.09% of MAIB shares, between the Government of the Republic of Moldova and the International Investors Consortium (EBRD, Invalda INVL, Horizon Capital) and the investment firm HEIM PARTNERS Ltd, created by the European Bank for Reconstruction and Development (EBRD), Horizon Capital and Invalda INVL.
"Through this transaction, the largest bank in the Republic of Moldova has acquired a strong and experienced financial shareholder, able to ensure the rapid development of the bank and the normalization of the lending activity. Taking into account the size of Moldova-Agroinbank - almost a third of the whole the system, the arrival of a new quality investor with new banking services and products will have a positive impact on the entire economy and will favor the competitiveness of the banking sector in our country", said Economy and Infrastructure Minister Chiril Gaburici.
At the same time, the Minister of Economy and Infrastructure stated that: "With new, high quality shareholders, Moldovan banks need to fully resume their functions, which is to give loans to support economic growth and modernization, new projects and investments , the creation of new jobs and the welfare of the population. This is our goal. "
Francis Malige, EBRD's chief executive officer for financial institutions, welcomed the determination of the Moldovan authorities to reform the banking sector.
"The government has shown a strong political will and has decided to clean up the banking sector. It has taken a courageous decision to support the sale of MAIB, which - undoubtedly - will contribute to better banking services and stronger investment in the economy of the Republic Moldova as a whole ".
The international consortium of investors consists of the European Bank for Reconstruction and Development (EBRD), Horizon Capital - manager of an investment fund created by notorious international financial institutions, and Invalda INVL - a listed investment company in Lithuania with experience in the financial and banking sector .
"Through this transaction, the largest bank in the Republic of Moldova has acquired a strong and experienced financial shareholder, able to ensure the rapid development of the bank and the normalization of the lending activity. Taking into account the size of Moldova-Agroinbank - almost a third of the whole the system, the arrival of a new quality investor with new banking services and products will have a positive impact on the entire economy and will favor the competitiveness of the banking sector in our country", said Economy and Infrastructure Minister Chiril Gaburici.
At the same time, the Minister of Economy and Infrastructure stated that: "With new, high quality shareholders, Moldovan banks need to fully resume their functions, which is to give loans to support economic growth and modernization, new projects and investments , the creation of new jobs and the welfare of the population. This is our goal. "
Francis Malige, EBRD's chief executive officer for financial institutions, welcomed the determination of the Moldovan authorities to reform the banking sector.
"The government has shown a strong political will and has decided to clean up the banking sector. It has taken a courageous decision to support the sale of MAIB, which - undoubtedly - will contribute to better banking services and stronger investment in the economy of the Republic Moldova as a whole ".
The international consortium of investors consists of the European Bank for Reconstruction and Development (EBRD), Horizon Capital - manager of an investment fund created by notorious international financial institutions, and Invalda INVL - a listed investment company in Lithuania with experience in the financial and banking sector .