Maib publishes its 2024 Annual Report

Today maib has published its Annual Report for 2024. Both the Romanian and the English language versions of the report are available.

It provides comprehensive information about the Bank, including but not limited to:

• Its financial performance;
• Its strategy and structure;
• Its business;
• The environment it operates in;
• Progress and milestones achieved in 2024;
• The performance of its business lines;
• Its plans and outlook for 2025;
• Corporate governance.

In line with maib’s commitment towards a paperless office (we endeavor to reduce paper use as much as possible) only the electronic versions of the report are available.

Please find the download links towards the bottom of the email.

 

 

2024 key operating and financial milestones:

• The Bank recorded a net profit of MDL 1,412 million (+15.5% YoY), equivalent to EUR 73.4 million;
  • ROE – 18.0%;
  • Capital Adequacy Ratio – 20.6%;
• The “Yes” vote to the EU accession referendum marks an important step in Moldova’s EU journey;
• Maib’s digital transformation milestones in 2024 included:
  • Maibank reached over 769k users;
  • The launch of the “Life” page in maibank, which pushes the app beyond a simple banking platform, with features such as insurance and third party offerings;
  • A record 75% of loans, which were granted online as of the end of the year;
• Maib has been named “Best Digital Bank in the CEE and CIS Region” by EMEA Finance and “Best SME Bank in Central and Eastern Europe” by Global Finance in 2024;
• The Bank returned almost MDL 1 billion to shareholders via dividends (MDL 757 million) and a share buyback (MDL 233 million);
• Maib strengthened its corporate governance with additions to its Supervisory and Management Boards (which are subject to the approval of the NBM):
  • Supervisory Board – Andreea Pipernea - a senior executive with over 20 years of experience in financial services, including the role of CEO at NN Pensii;
  • Supervisory Board - Madeline Alexander - an experienced audit and advisory partner, with a career spanning KPMG, Deloitte, and TGS Romania;
  • Management Board – Alexandru Sonic - a seasoned finance executive with a 10 year tenure at Morgan Stanley;
• The Bank has entered into a strategic collaboration with Mastercard to leverage artificial intelligence (AI) in enhancing the bank's operations and customer experience;
• Maib’s green portfolio reached MDL 947 million.

 

 

Giorgi Shagidze, maib CEO, said:

“2024 was marked by resilience, innovation, and sustainable growth. In a volatile environment, we delivered strong financial results with a net profit of MDL 1.41 billion, a 15.5% increase year-on-year, and returned nearly MDL 1 billion to shareholders through dividends and a share buyback. Our loan portfolio grew by 28.1%, reinforcing our market leadership. At the same time, we advanced our digital transformation, with maibank reaching 769 thousand users and 75% of all loans now processed via mobile banking. The launch of an AI pilot project with Mastercard and the evolution of maibank into a lifestyle ecosystem are factors poised to reshape customer experience.

Our progress was recognized globally. Maib was named Best Digital Bank in Central and Eastern Europe by EMEA Finance and Best SME Bank by Global Finance, testament to both our technological leadership and our support for entrepreneurs. Moreover, we made significant strides in ESG, with our green portfolio reaching MDL 947 million.

Our purpose remains clear: to create opportunities for people and businesses to thrive. I would like to thank our exceptional team for their commitment and passion, as well as our customers and shareholders for their loyalty and support. Our people make such results possible.”

 

 

Download Link:

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English and Romanian versions

2024 Annual Report - Click to access

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Recent investor relations releases

• Best Bank in Moldova honors from Global Finance for maib
• Maib's new corporate bond programme of up to MDL 1.5 billion receives regulatory approval
• Maib named ‘Bank of the Year’ by the Banker for the Sixth Consecutive Year

 

Upcoming investor events

• 02 May - Sustainability report
• 06 May - 1Q 2025 Financial Results

 

Contact investor relations

Maib Investor Relations
Evgenii Risovich
Phone: +37368403477
E-mail: Evgenii.Risovich@maib.md

 

Press Contact
Daniela Șerban
Phone: +40742242662
E-mail: Dserban@vertikgroup.eu