Victoriabank, part of the Banca Transilvania Financial Group, has taken the first step today toward a new acquisition in the Republic of Moldova, in the microfinance sector. Representatives of Victoriabank and Microinvest, the market leader in microfinance in Moldova, signed an agreement in Chisinau through which Victoriabank will acquire Microinvest. The new acquisition will support the growth of Victoriabank, the third-largest bank in the Republic of Moldova, by diversifying its offerings, bringing in a large number of new clients, and gaining expertise in microfinance. Microinvest is the largest non-bank lending company in Moldova, with a solid market share, 40,000 clients (both individuals and legal entities), 350 employees, and 17 branches. It provides financing for SMEs, agribusinesses, as well as clients’ personal plans. “Microfinance is a key niche for the Banca Transilvania Financial Group, developed through BT Mic, BT Direct, and Banca Transilvania. We aim to replicate in Moldova the success we’ve had in Romania in supporting clients through microfinance and in the area of acquisitions,” said Bogdan Plesuvescu, Deputy CEO, Banca Transilvania. “The acquisition of Microinvest reflects Victoriabank’s strategy of growth through acquisitions. Microinvest has always been a company we admired for redefining microfinance in Moldova with innovative products and strong client relationships. We appreciate its success, the professionalism of its team, and its positive impact on the local economy,” said Levon Khanikyan, President of Victoriabank. “We are honored by the trust placed in us and see this change as an opportunity to accelerate our impact on Moldova’s economy. Microinvest remains true to its mission – to provide accessible, personalized, and responsible financing throughout the country. The support of a strategic shareholder like Victoriabank, part of the Banca Transilvania Financial Group, strengthens our ability to innovate, expand our range of financial products, and get closer to clients across all regions,” said Dmitrii Svinarenco, CEO of Microinvest. The transaction will be finalized after obtaining approvals from regulatory and supervisory authorities in both Romania and Moldova. Until then, Microinvest will continue to operate independently. Banca Transilvania Group collaborated with legal and financial advisors from both Romania and Moldova—Filip & Company, Vernon | David and Associates, and PWC—for the evaluation and preparation of the transaction. Victoriabank recently completed its merger with BCR Chisinau, marking the successful conclusion of Banca Transilvania Group’s first acquisition in the Republic of Moldova.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
