Press releases
Summary
BSTDB and Express Leasing Strengthen Partnership to Support Small Business, Green Finance and Women Entrepreneurs in MoldovaThe Black Sea Trade and Development Bank (BSTDB) has provided a USD 3 million combined Micro and SME, Green, and Gender Equality Credit Line to the Moldovan microfinance institution Express Leasing and Microcredit SRL.The financing will support micro and small businesses across Moldova, including projects with sustainability impact. This initiative reflects BSTDBs commitment to SMEs and climate-conscious financing, helping to align its operations with the climate priorities of its shareholders and contributing to the broader decarbonization efforts in the region.A portion of the funds will be allocated to supporting women entrepreneurs, promoting inclusive economic growth and fostering greater opportunities for women-led businesses in the country.The financing to Express Leasing consists of three key components, all aimed at supporting sustainable market development, a core objective of BSTDBs strategy. By extending funds for green investments and empowering women entrepreneurs, we are not only strengthening Moldovas SME sector but also enhancing our contribution to a low-carbon and more inclusive regional economy, said Dr. Serhat K\xf6ksal, BSTDB President.We are honored to strengthen our collaboration with BSTDB through this credit line that will enable us to reach more entrepreneurs, particularly women and those committed to sustainability, said Sergiu Rosca, Executive Director of Express Leasing. Owned 100% by Broadhurst Investment Limited (registered in Cyprus), the companys main activity is loan and lease financing focusing on SMEs and micro-financing sector.The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, T\xfcrkiye, and Ukraine. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries.