Press releases

ODIMM initiated a process of fine-tuning framework agreements signed with commercial banks, while training sessions were organised for credit officers of partner banks.

The sessions explain the benefits offered to all parties involved in the process, the terms of the guarantee, the process for requesting, monitoring and enforcing financial guarantees.

We would point out that the MSMEs have recently improved the conditions of the guarantee product for MSMEs affected by the pandemic crisis, so its scope has been significantly extended.

Thus, MSEs which recorded any reduction in turnover during the first 9 months of 2020 compared with the same period of the previous year can benefit from working capital loans guaranteed by the State up to a rate of 80 %, with exemption from paying the guarantee fee until 31.12.2021.

At the same time, companies applying for investment loans can benefit from guarantees up to a maximum amount of RON 5 million, covering up to 80 % of the loan, and the maximum amount of the loan will not be limited.

In the process of updating the framework agreements, partnership relations have been reset with 8 commercial banks, which provide ODSME-backed loans. At the same time, 4 banking institutions received advice in the area of credit guarantees and were trained to do so by some 150 banking workers.

To view the full list of banks providing state-guaranteed loans, as well as details of active guarantee products, please follow this link: https://bit.ly/3ooFAjI

To date, 464 financial guarantees amounting to RON 196.7 million have been granted through the ODIMM Credit Guarantee Fund, ensuring the disbursement of loans amounting to RON 575.2 million and generating investments in the economy amounting to more than RON 803.4 million.

The FGC is the only credit guarantee fund in the Republic of Moldova and has the mission to ensure access to finance for domestic companies by issuing financial guarantees.

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