We support the development of local businesses: maib and EBRD provide MDL 60 million for the capital reconstruction of the Jolly Alon Hotel

Maib continues to support the development of the business environment in the Republic of Moldova, contributing to the competitiveness and modernization of the private sector. Maib and the European Bank for Reconstruction and Development (EBRD) have signed a new financing agreement worth MDL 60 million for the capital reconstruction of the Jolly Alon Hotel, one of the most iconic hotel establishments in Chișinău.

Under the risk-sharing agreements established between Maib and EBRD, the bank will assume 50% of the credit risk.

Andrii Glevatskyi, Deputy Chair of maib, highlighted:

"Through this strategic financing, we strengthen our support for local businesses and promote sustainable investments in the hospitality sector in the Republic of Moldova. We are honored to be part of this important stage in the capital reconstruction of the Jolly Alon Hotel, and we thank them for their trust, choice, and long-term partnership with maib. We also express our gratitude to the EBRD team for supporting the modernization and alignment with international standards of carefully developed businesses in Moldova."

The collaboration between maib and the EBRD is built on a long-term partnership, reflected in numerous projects supporting local enterprises. These include the development of the wellness center at Castel Mimi, the modernization of the largest local clothing manufacturer – IUVAS, the expansion of processing capacities at “Cereale de Aur” SRL, financing the SME sector, as well as the construction of a modern feed factory for Axedum, which is expanding into the production of high-quality table eggs.

Through such initiatives, maib and the EBRD reaffirm their shared commitment to stimulating investment and promoting the sustainable development of the Moldovan economy.

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About EBRD 

The EBRD is a multilateral bank that supports the development of the private sector and entrepreneurial initiatives across 42 economies on three continents. The bank is owned by 77 countries, together with the EU and the EIB. EBRD’s investments aim to create competitive, inclusive, well-governed, green, resilient economies that are integrated into their 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 has been a consortium that includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a Baltic asset management group, and Horizon Capital, a private investment fund focused on emerging markets.