Maib signs a €15 million agreement with the EBRD as part of the new Green Economy Financing Facility for the Residential Sector (GEFF)
Maib is among the first partner banks in the program in the Republic of Moldova
The European Bank for Reconstruction and Development (EBRD) has launched a new financing instrument dedicated to the housing sector in the Republic of Moldova under the Green Economy Financing Facility (GEFF). The program is supported by the European Union and Norway through the EBRD High Impact Partnership for Climate Action (HIPCA). The new program aims to accelerate access to financing for green residential projects and to promote the use of high-performance technologies in homes across the country.
During the launch event, the EBRD and maib signed a €15 million financing agreement, making maib one of the first financial institutions in Moldova to facilitate public access to affordable green loans dedicated to home modernization, energy bill reduction, and lowering CO₂ emissions.
Giuseppe Grimaldi, Head of the EBRD Office in Moldova, stated:
“We expect this facility to help households modernize their homes with reliable and high-performance technologies — from insulation and energy-efficient windows to heat pumps, rooftop solar panels, and electric vehicle charging stations. Our goal is clear: lower bills, greater comfort, and reduced emissions for families in Moldova.”
Giorgi Shagidze, CEO of maib, emphasized:
“We are grateful for the support of EBRD in launching the new Green Economy Financing Facility (GEFF) in the Republic of Moldova. This financing will help businesses, homeowners’ associations, and families save on utility bills by investing in energy-efficient home technologies such as insulation, high-performance appliances, smart heating systems, and many others. At the same time, it will significantly contribute to promoting the benefits of investments that reduce the carbon footprint and ensure long-term sustainable savings. By simplifying access to green financing, maib supports Moldovan businesses and households in reducing energy costs and emissions, contributing to the shared goal of building a modern, sustainable economy aligned with European standards.”
Through the new facility, maib clients will be able to access green loans with grants of up to 35% of the financing amount, aimed at purchasing and installing high-performance technologies such as:
- - thermal insulation for homes (walls, roofs, windows, and doors);
- - efficient heating and cooling systems (heat pumps, modern boilers, smart control systems);
- - photovoltaic panels and solar water heating system;
- - energy storage systems, efficient lighting, and electric vehicle charging stations, among others.
In addition, homeowners’ associations and real estate developers can benefit from financing for large-scale energy efficiency projects in residential buildings, helping to increase comfort and reduce energy consumption nationwide.
By signing the agreement under the GEFF program, maib reaffirms its commitment to sustainability and innovation, expanding its portfolio of green solutions for clients. As the banking sector leader in Moldova, maib aims to accelerate the country’s transition toward a green economy by offering easy access to green loans, expert consulting, and financial education in energy efficiency.
At the international level, through GEFF and with the support of donors, the EBRD has allocated over €8 billion across 29 countries, through 220 partner institutions, facilitating more than 268,000 green investments that help avoid approximately 11 million tonnes of CO₂ emissions annually.
About EBRD
The European Bank for Reconstruction and Development (EBRD) is a multilateral development bank that supports the growth of the private sector and entrepreneurial initiative in 42 economies across three continents. The Bank is owned by 77 countries, along with the European Union (EU) and the European Investment Bank (EIB). The EBRD’s investments aim to foster competitive, inclusive, well-governed, green, resilient, and integrated economies within its regions.
About maib
Maib is the largest bank in the Republic of Moldova, serving nearly one-third of the country’s population. Since 2018, its largest minority shareholder has been a consortium consisting of the European Bank for Reconstruction and Development (EBRD), Invalda INVL, an asset management group from the Baltic states, and Horizon Capital, a private equity fund focused on emerging markets.
