Victoriabank signed the agreement on the intent to acquire 100% of Microinvest

Victoriabank, part of the Banca Transilvania Financial Group, has signed an agreement regarding the intention to acquire 100% of the share capital of Microinvest, the leading non-bank financial institution in the Republic of Moldova. The deal is subject to regulatory approvals in both Moldova and Romania. Until then, Microinvest will continue to operate independently.

This strategic acquisition comes at a pivotal time for Victoriabank, following its recent merger with BCR Chișinău. With this next step, the bank continues to expand its footprint by diversifying its range of services and reaffirming its commitment to supporting local entrepreneurs. A trusted name with a 35-year legacy in Moldovan banking, Victoriabank is strengthening access to finance for microbusinesses and individuals alike.

Microinvest is Moldova’s leading non-bank lending institution. With over 21 years of experience, it plays a key role in the local financial market by offering tailored financial solutions to businesses, farmers, and individuals – helping to fuel both economic and social development.

“The acquisition of Microinvest is a clear step in Victoriabank’s growth strategy, including expansion through aquisitions. We’ve long admired Microinvest for reshaping microfinance in Moldova with its innovative products and outstanding customer relationships. We value their achievements, professionalism of their team, and their positive impact on the local economy”, says Levon Khanikyan, CEO, Victoriabank.

“Microfinance is a key focus area for the Financial Group Banca Transilvania, developed through BT Mic, BT Direct, and Banca Transilvania. We’re looking to replicate in Moldova the same success we’ve seen in Romania – both in empowering clients through microfinance and through strategic acquisitions”, adds Bogdan Pleșuvescu, Deputy CEO, Banca Transilvania.

 

“We’re honored by the trust placed in us and see this as a great opportunity to grow our impact on Moldova’s economy. Microinvest remains committed to its mission – to deliver accessible, personalized, and responsible financing to clients wherever they are. With the backing of a strategic shareholder like Victoriabank, part of the Banca Transilvania Group, we’re ready to innovate further, expand our product range, and get even closer to our clients countrywide”, says Dmitrii Svinarenco, CEO, Microinvest.

Banca Transilvania Group and Victoriabank were advised for the transaction by Filip & Company, Vernon | David and Associates, and PwC.

Microinvest’s majority shareholder, BFSE Holding BV, together with co-shareholders were advised by KPMG Hungary, Osborne Clarke LLP and Turcan Cazac Law Firm.

About Victoriabank & Microinvest:

Victoriabank is the third largest bank in the Republic of Moldova, with total assets exceeding MDL 26 billion as of March 2025. With a network of 63 branches and 1,150 employees, the bank provides modrn financial solutions to over 330,000 clients. Victoriabank is committed to driving innovation, supporting the local economy, and promoting sustainable growth. Since 2018, it has been part of the Banca Transilvania Financial Group – the largest financial group in Romania and Southeastern Europe.

Microinvest is the largest non-bank lending institution in the Republic of Moldova, with total assets of MDL 6.6 billion and a loan portfolio of MDL 6 billion, as of March 2025. With a team of 355 professionals, and a network of 18 branches, the company serves more than 40,000 active clients, including local entrepreneurs and individuals. Around 65% of its portfolio is dedicated to business clients, over 42% of which is directed toward the agricultural sector.