Press releases

Chisinau, 09 June 2025 — Moldova’s entrepreneurs can get guaranteed loans more easily and quickly without further procedures and without waiting for individual approvals. OTP Bank became the second-largest bank in the country applying the new guarantee product, based on an agreement signed with the Credit Guarantee Fund with the Credit Guarantee Fund.

Thus, OTP Bank benefits from a ceiling of lei 173 million to guarantee the portfolio of loans to small and medium-sized enterprises, which considerably simplifies the process of accessing finance and saves precious time for entrepreneurs. The Bank can now provide loans to SMEs without going through the standard guarantee analysis process by ODA.

“We want every entrepreneur to feel that the state is accompanied by it and not an obstacle. With this new model, we are phasing out the steps that consumed time and patching, and we offer a direct path to financing. It is a natural step by which we recognise the value of entrepreneurs’ time and encourage their courage to build, invest and go further”. declared Vadim Codreanu, Director ODA.

Funding is provided by the International Bank for Reconstruction and Development (IBRD) and is structured in two tranches. The first tranche of EUR 9.5 million is already available and the second tranche of EUR 4.3 million is planned for 2026. In total, this instrument can guarantee loans of up to lei 2 billion for entrepreneurs in the Republic of Moldova over the next two years.

In 2024, the FGC issued almost 900 guarantees, facilitating loans worth more than lei 1.8 billion and attracting more than lei 2.4 billion in investment in the economy. With the application of the new guarantee model, the impact on the development of the entrepreneurial sector is expected to increase significantly.

For more details on the entrepreneurship support programmes and the Credit Guarantee Fund, www.oda.md or call the Consultation Centre. Tel: 022 22 57 99.