Press releases

ODIMM started training for credit officers in commercial partner banks. Thus, workers the banking system was informed about the new changes made under the financial instrument for MSMEs affected by the pandemic crisis.

The first bank to receive advice in the field of credit guarantees was B.C. ‘Moldova-Agroindbank’ S.A. The training session explained the guarantee conditions, the process for applying for financial guarantees and the benefits offered to all parties involved in the process.

We would point out that a number of criteria for Guarantee Products have recently been amended, as a result of which the period of validity of the facilities granted to undertakings affected by the pandemic crisis has been extended until 31.5.2021. The reference period for determining the impact of the pandemic crisis on business has also been amended.

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.

The new Guarantee Product helps companies hit by the pandemic crisis and the consequences of the state of emergency. The production of this product was made possible by the additional allocation of financial means amounting to RON 50 million for the capitalisation of the Credit Guarantee Fund.

You can view the new guarantee product for MSMEs affected by the pandemic crisis at: link

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.