OTP Bank has signed two collaboration agreements with the International Finance Corporation (IFC), a member of the World Bank Group, for the development of digital financial services and innovative financial products for agriculture in Moldova.

Moldova is undergoing a major financial and digital transformation, and we are proud to have a strong partner like IFC on this journey. The agreements were signed by Bogdan Spuza, President of the Executive Committee - CEO, Elena Guzun, Commercial Director Corporate Banking, from OTP Bank side and Ines Rocha – Regional Director for Europe from IFC.

The development of digital financial services and financing products for sustainable agriculture in Moldova is part of the national digitization strategy and a key objective for the modernization of the economy.

"Through collaboration with IFC, OTP Bank will strengthen its digital presence and enhance the customer experience, thus contributing to the development of the digital economy. Given that only 50% of people over the age of 15 use digital payments, this agreement aims to build internal capabilities on Open Banking programs and define an innovative strategy focused on customer needs and higher monetization potential." said Bogdan Spuza, CEO of OTP Bank.

"OTP Bank's decision to support Climate Smart Agriculture in Moldova responds to the need to combat the climate and environmental challenges facing the country's agricultural sector. Cooperation with IFC allows us to direct financial resources to projects that have a positive impact on the environment and society, aligning with global sustainability goals." Elena Guzun, Commercial Director Corporate Banking OTP Bank, said.

"Our partnership with OTB Bank Moldova is an important step in modernizing the country’s financial sector, expanding digital services, and driving greater financial inclusion,” said Ines Rocha, IFC’s Regional Director for Europe. “IFC will also support the bank in developing innovative financial solutions to help farmers manage risks, boost productivity, and advance sustainable agriculture, reinforcing the sector’s vital role in the economy."

Agriculture in Moldova is vulnerable to natural hazards such as droughts and frosts, which are aggravated by climate change. By investing in the principles of Climate Smart Agriculture, OTP Bank aims to improve the resilience and productivity of agriculture, strengthening food security and sustainable development.

The initiative aligns with OTP Group's Sustainable Finance Framework, which supports low-carbon and climate resilient economies. By promoting the principle of climate-smart agriculture, OTP Bank contributes not only to fighting climate change, but also to reducing rural poverty and food insecurity, supporting sustainable economic and social development in Moldova.