Mobiasbanca offers attractive opportunities for the business environment through the InnovFin program

04 Mar 2020
Entrepreneurs who opt for a loan from Mobiasbanca - OTP Group can still benefit from additional guarantees for the development of innovative projects. In this regard, László Diósi, Chairman of the Executive Committee - CEO of Mobiasbanca OTP Group has signed an additional agreement with the European Investment Fund in order to increase the guarantee limit.
Thus, Mobiasbanca remains a partner in the InnovFin Guarantee Facility for small and medium-sized enterprises, with the financial support of the European Union, within the Horizon 2020 program "Financial Instruments".
“We are pleased with the continuity of the InnovFin program, with the support of the European Investment Fund, which helps us to support our clients in developing their business under preferential conditions. We are open to offering financing solutions for local companies that develop innovative projects, which involve investments in high-performance technologies - these are eligible for access to financial resources with additional guarantees”, said László Diósi.
Under the terms of the InnovFin program, the small and medium-sized enterprises focused on the development of innovative projects, which intend to launch new, essentially improved products and services or research and development companies can benefit from guarantee and lower interest rates than the standard offers. InnovFin can guarantee up to 50% of the pledge amount for the loan amount contracted. The amount of loans contracted by entrepreneurs can vary from EUR 25 thousand up to EUR 7.5 million, for a maximum period of 10 years. The degree of complexity for obtaining these credits is minimal. This program can benefit.
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 Mobiasbanca – OTP Group
Mobiasbanca - part of a strong European financial group, marks 30 years of activity in the banking market, during which time it has become one of the most transparent, financially stable and reliable banks on the market of the Republic of Moldova, offering innovative financial services that meet the international standards. The large network of units ensures the clients' accessibility to the bank's products and a personalized approach in carrying out the development projects.
Mobiasbanca - OTP Group celebrates 30 years of trust and responsibility.
About InnovFin
The InnovFin SME Guarantee Facility, under the Horison 2020 program, 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.