What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
AGRI Italy Platform Uncapped Guarantee Instrument
Baltic Innovation Fund (BIF)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
EAFRD FoF Romania
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
Competitiveness Fund-of-Funds for SMEs in Romania
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)

Up to EUR 15 million to the benefit of innovative businesses in Moldova as EIF and Mobiasbancă sign InnovFin transaction

    Date: 21 November 2016

The European Investment Fund (EIF) and Mobiasbancă – Groupe Société Générale have signed an InnovFin SME Guarantee agreement for innovative Moldovan SMEs and small mid-caps. The InnovFin SME Guarantee agreement will enable Mobiasbancă to provide loans and leases at preferential terms to innovative businesses in Moldova over the next two years with the support of a guarantee provided by EIF and backed under Horizon 2020, the EU Framework Programme for Research and Innovation. This EU support for innovative Moldovan companies is expected to generate a portfolio of up to EUR 15 million of new loans and leases.

EIF Chief Executive, Pier Luigi Gilibert, commented: “As one of the major financial institutions in the country, Mobiasbancă is very well placed to reach out to those SMEs that are in need of additional financing. Thanks to today’s agreement, Mobiasbancă will be able to provide loans and leases on favourable terms and EIF will be expanding its already existing support to small businesses in Eastern Europe, thus contributing to the creation of jobs and growth in Moldova.”

Commenting on the signature, Carlos Moedas, Commissioner for Research, Science and Innovation, said: “Moldavian companies can now benefit from EU-guaranteed loans to boost their research and innovation potential. The deal signed today will support Moldova’s economy, and it is a testimony to the productive relationship between the EU and Moldova under Horizon 2020, the EU's research funding programme.”

Ridha Tekaia, President of Mobiasbancă’s Management Board and Mobiasbancă’s CEO, said: “Our main mission is to provide our clients the most competitive business development solutions. Joining the InnovFin Facility backed by the European Investment Fund adds value for local companies in accessing their financing resources with additional guarantees on preferential conditions. Also, we are open for supporting innovative projects and investments in technologies, predominantly those developed by entrepreneurs.”

The aim of the InnovFin SME Guarantee agreement is to encourage banks or other financial institutions to lend to SMEs and small mid-caps (up to 499 employees) in need of investment and/or operating capital to finance research, development and innovation activities, with EU financial support. Financial institutions are being selected by EIF following a call for expression of interest for financial intermediaries across Europe.

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

About Mobiasbancă

BC “Mobiasbancă – Groupe Société Générale” S.A., part of one of the most important financial groups in Europe, is one of the most transparent, financially stable and reliable banks on the Moldovan market, offering innovative financial services that meet international standards. The extensive network units provide to customers the accessibility to the bank’s products and a personalized approach in development projects.

About InnovFin

The InnovFin SME Guarantee Facility provides guarantees and counter-guarantees on debt financing of between EUR 25 000 and EUR 7.5 million in order to improve access to loan finance for innovative SMEs and small mid-caps (up to 499 employees). The facility is managed by EIF, and is rolled out through financial intermediaries – banks and other financial institutions – in EU Member States and Associated Countries. Under this facility, financial intermediaries are guaranteed by EIF against a proportion of their losses incurred on the debt financing covered under the facility.

Press contacts:

EIF: David Yormesor

Tel.: + 352 24 85 81 346, e-mail: d.yormesor@eif.org

European Commission: Joseph Waldstein

Tel.: + 32 (0)2 29 56 184, e-mail: joseph.waldstein@ec.europa.eu


Copyright ©

 European Investment Fund 2017 – The European Investment Fund is not responsible for the content of external internet sites.