Maib named Bank of the Year for the fourth straight year by the Banker

For the fourth consecutive year maib has been awarded "Bank of the Year" in Moldova title by the prestigious international publication The Banker.

Maib's financial performance, innovations, adaptability to the changing economic environment, strategic relationships with customers, advances in digitalisation and the quality of customer experience were among the criteria that made the difference in the award decision

Joy Macknight, editor of The Banker:

”Congratulations to maib for winning the Bank of the Year 2022 award for Moldova. The bank has robust fundamentals and continues to grow strongly, while also pursuing a digital transformational agenda that puts it in a strong position going forward.”

This year, maib was highly appreciated at the international level, being declared ”Best Bank in Moldova” and ”Best SME bank in Moldova” by Global Finance, ”Market leader” in the Corporate Banking, Digital and Corporate Social Responsibility by Euromoney and ”Best Bank in Moldova” in the opinion of EMEA Finance.

Giorgi Shagidze, maib CEO:

”I am incredibly grateful to The Banker for this award. It reaffirms the enormous effort, which maib team put into the transformation of the bank during the past year. We can see from maib's results that this effort is paying off. I would also like to thank our customers and partners for their loyalty. We gained market share in every segment this year, which means that our customers have felt and appreciated the transformation of the bank, the improved services, the new products, the upgraded branches, the convenience of our mobile app. Most importantly, I would like to extend my gratitude to maib employees who diligently dedicate themselves to serving customers at the highest level.”

Maib’s performance in 2022

The first nine months of 2022 were marked by very strong financial performance by maib. During this period, net profit rose by 66% year-over-year to MDL 837million. The bank also recorded a strong increase in ROE, which reached 19.1% (9M 2022), 6 percent rise year-on-year. As of 30 September 2022, maib remained well capitalized maintaining a Capital Adequacy Ratio of 22%, up by 2% year-over-year. Maib cost to income ratio was 46% during the period, 9% below the same period last year..

Maib remains  leaderremains leader in all key business segments as of 30 September 2022:

• Market share of total assets 32.5% ( +1.4% year-over-year)
• Market share of total loans  36.3% (+2.1% year-over-year)
• Market share of total deposits 32.5% (+0.8% year-over-year)

About The Banker

The Banker provides economic and financial information for the global financial sector and has built its reputation on objective and incisive reporting. Since 1926, The Banker has been the trusted source of information about the banking industry. The publication has made its way from the Wall Street Crash of 1929 to the current financial crisis with the same reputation for accuracy, authority and integrity. The Banker is the most widely read magazine and online news platform among financial-banking experts and corporate economists worldwide.

About maib

Maib is the largest bank in Moldova, with a share of 32.5% of deposits and 36.3% of loans of the entire banking system at 30 September of 2022. The bank is of systemic importance, serving almost a third of the country's population. Since 2018, maib's largest shareholder is a consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a leading Baltic asset management group, and Horizon Capital, a private equity fund focused on markets emerging from Europe.

Upcoming investor events

• 5 December – Non deal Roadshow in Bucharest
• 6 December – Winter Wonderland by WOOD&Co. in Prague
• 8 December – Non deal Roadshow in London
• 12 December – Accessing International Capital Markets in Chisinau
• 14 December – Extraordinary General Shareholders Meeting in Chisinau

Contact Investor Relations

For further enquiries, please contact: IR@maib.md or by phone at +373 68 403 477 or visit our website ir.maib.md