OTP Bank Moldova and maib are among the first financial institutions in the country to join the Green Economy Financing Facility for the residential sector (GEFF Moldova Residential), an EBRD programme supported by the European Union and the Kingdom of Norway.
The facility aims to accelerate Moldova’s transition to a green economy by improving access to finance for households, housing associations and businesses investing in energy-efficient and climate-resilient homes.
As part of this initiative, OTP Bank Moldova has signed a €12 million financing agreement with the European Bank for Reconstruction and Development (EBRD). The agreement was signed by Daniel Bogdan Spuza, CEO of OTP Bank Moldova, and Elena Guzun, Deputy Chairperson of the Executive Committee – Corporate Banking Commercial Director.
In addition to the signing ceremony, Elena Guzun took part in the panel discussion “The Financial Sector’s Role in Greening the Residential Sector”, where she highlighted the crucial role of the banking sector in scaling up green investments.
She emphasized that by financing residential energy efficiency projects and supporting vulnerable households, banks can significantly contribute to Moldova’s energy transition, reduce energy poverty, and promote more resilient communities. Through its partnership with GEFF, OTP Bank strengthens its position as a promoter of sustainable finance and long-term, responsible development in the Republic of Moldova.
In the same context, maib has signed a €15 million financing agreement with the EBRD, becoming one of the first banks to participate in the Green Economy Financing Facility for the residential sector.
“This financing will help businesses, housing associations and families save on utility bills by investing in energy-efficient technologies such as insulation, smart heating systems or high-performance household appliances,” said Giorgi Shagidze, CEO of maib.
By joining GEFF Moldova Residential, OTP Bank and maib open up new opportunities for their clients to modernise homes, reduce energy consumption, and improve comfort using high-performance green technologies. The facility will also provide technical assistance to ensure that investments meet rigorous energy performance standards and deliver long-term savings.
Through these initiatives, OTP Bank and maib reaffirm their commitment to sustainability, innovation and energy efficiency, contributing to the shared objective of building a modern, climate-resilient and green economy in line with European standards.
Supported by
