We support businesses: maib and BERD grant EUR 9 million to the company Axedum for the construction of a modern feed mill

Maib, in partnership with the European Bank for Reconstruction and Development (EBRD), continues to support business development in the Republic of Moldova and the modernization of the agri-food sector. Maib’s corporate client – Axedum – will benefit from a loan of EUR 9 million, while EBRD will assume half of the credit risk for the financing package, based on the risk-sharing agreements between the two financial institutions, signed today at Axedum headquarters.  

The funds will be used for the construction of a modern feed mill and will enable Axedum to expand into a new business line – the production of high-quality table eggs. The investment will contribute to diversifying the company’s product offerings and to creating safe, nutritious, and competitive products for both the local and international markets.  

As a result of the transaction, Axedum will benefit from support provided by the European Union (EU) for modernizing its equipment and integrating sustainable technologies. This will improve Axedum’s operational efficiency by reducing carbon emissions, minimizing waste, and optimizing resource consumption. The incentive is offered under the EBRD’s Financing and Technology Transfer Centre for Climate Change (FINTECC), supported by the EU as part of its EU4Climate initiative. 

Grigore Cojocaru, Axedum Founder:  

“Today, we are opening a new chapter in Axedum story. We are honored to have trusted partners like maib and EBRD, by our side, supporting us in turning our vision into reality, and we sincerely thank them for this. We have ambitious plans and an extraordinary team dedicated to continuing to bring the highest-quality products to the market. Thanks to these investments, our customers both domestically and abroad, where Axedum, products are exported, will enjoy superior-quality products, produced according to the highest standards, using modern technologies and with respect for the environment.”  

Catarina Bjorlin Hansen, Head of the EBRD Office in the Republic of Moldova: 

“As a long-term partner of maib and Axedum, EBRD is delighted to support Axedum’s ambition to grow and export its products—not only through the construction of a modern feed mill and expansion into egg production, but also by modernizing equipment and integrating sustainable technologies into its production in line with European Union standards”. 

Alexandru Sonic, maib Deputy Chair: 

“Maib’s mission is to create opportunities for people and businesses to thrive, grow sustainably, and reach their full potential. Our partnership with Axedum gives us the opportunity to contribute directly to the development of a strong local business that invests in quality, modern technology, and responsible practices. We are honored to be part of this important stage in the development of our client’s business and thank them for their trust, choice, and long-term partnership with maib. We also express our gratitude to the EBRD and EU teams for supporting the modernization and alignment with international standards of carefully developed businesses in Moldova.” 

This collaboration strengthens the long-term partnership between maib and EBRD, which has been manifested through various initiatives supporting the private sector in our country, such as: the construction of a wellness center at Castel Mimi; the development of the largest local clothing manufacturer, IUVAS; financing the SME sector; expanding the sunflower seed processing capacity of “Cereale de Aur” SRL; and more.  

Maib corporate - accelerating the success and sustainable growth of our clients! 

About Axedum 

Axedum is a family-owned business established in 1997. Over the years, the company has built an integrated production chain: from cereal cultivation and feed production to poultry farming, slaughtering, and distribution of products through its own stores as well as partnerships with retailers and restaurants. Since 2024, Axedum has been producing Free Range eggs (Code 1) – a pilot project launched for the first time in the Republic of Moldova, already available on the shelves of major retail chains and exported to European countries.   

About EBRD 

The EBRD is a multilateral bank that supports private sector development and entrepreneurial initiatives across 36 economies on three continents. The bank is owned by 73 countries, together with the EU and the EIB. EBRD’s investments aim to create competitive, inclusive, well-governed, green, resilient economies that are integrated within its regions. 

About maib 

Maib is the largest bank in the Republic of Moldova, serving nearly one-third of the country’s population. Since 2018, the largest minority shareholder of maib is a consortium that includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL - a Baltic asset management group—and Horizon Capital, a private equity fund focused on emerging markets.