Local Bank Ideal Partnerfor Foreign Investors

BCR Chisinau specialises in supporting investors in Moldova and in spurring on the development of the Moldovan economy. Owned by BCR (Romania), part of the ErsteBank Group of Austria, BCR Chisinau began operating in1998 and now has five branches and agencies and morethan 12,000 customers in the Republic of Moldova. BCR Chisinau is currently enlarging its network of branches and agencies and is developing new products and solutions for its clients based on Erste Bank Group best practices.

The EBRD has awarded BCR Chisinau a €7 million loan to provide financing for Moldovan companies undertaking energy efficiency investments. The loan is part of the EBRD’s €20 million Moldova Sustainable EnergyFinancing Facility. Concerning the EBRD’s choice of BCR Chisinau, the bank’s Chief Executive, Sorin Andrei,explains, “EBRD recognises that BCR Chisinau demonstrated a strong commitment to Moldova and that we share the EBRD’s goals for energy efficient, sustainable economic growth.”

Sorin Andrei urges foreign investors to look into opportunities in Moldova. He says, “Everything needs to be rebuilt here, such as infrastructure and energy, but many sectors offer very good potential, such as ICT, energy and food processing. Moldova has a young, hardworking, receptive workforce, and new regulations have streamlined the process of starting a business. BCR Chisinau is ready to serve as a local partner for investors, not only as a banker but also as a consultant.”