Vernon David has advised Victoriabank and its parent Banca Transilvania Financial Group on the acquisition of Microinvest. Filip & Company reportedly advised Banca Transilvania Group and Victoriabank as well. Turcan Cazac, working with Osborne Clarke, advised the shareholders of Microinvest.
The transaction remains contingent on regulatory approval in Moldova and Romania.
Victoriabank is the third largest bank in the Republic of Moldova, with total assets exceeding MDL 26 billion as of March 2025. Since 2018, it has been part of the Banca Transilvania Financial Group.
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.
“The acquisition of Microinvest is a clear step in Victoriabank’s growth strategy, including expansion through aquisitions," said Victoriabank CEO Levon Khanikyan. "We’ve long admired Microinvest for reshaping microfinance in Moldova with its innovative products and outstanding customer relationships. We value their achievements, the professionalism of their team, and their positive impact on the local economy."
“Microfinance is a key focus area for the Financial Group Banca Transilvania, developed through BT Mic, BT Direct, and Banca Transilvania," added Banca Transilvania Deputy CEO Bogdan Plesuvescu. "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."
“We’re honored by the trust placed in us and see this as a great opportunity to grow our impact on Moldova’s economy," commented Microinvest CEO Dmitrii Svinarenco. "Microinvest remains committed to its mission – to deliver accessible, personalized, and responsible financing to clients wherever they are."
The Vernon David team included Partners Sergiu Bivol and Roman Ivanov, Senior Associate Nadejda Ciubotaru, and Associates Adelina Braga, Mihai Silta, Sergiu Besliu, and Eduard Gurin.
The Turcan Cazac team included Managing Partner Alexander Turcan, Partners Octavian Cazac and Ana Galus, and Associate Valeria Popa.