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Maib delivers solid profit growth and strengthens capital base in Q1 2026, well positioned to navigate a shifting macroeconomic backdrop – Investor Relations

Maib delivers solid profit growth and strengthens capital base in Q1 2026, well positioned to navigate a shifting macroeconomic backdrop

05 May, 2026

Investor relations release - 5 May 2026
 

Maib delivers solid profit growth and strengthens capital base in Q1 2026, well positioned to navigate a shifting macroeconomic backdrop

 

Maib* delivered a net profit of MDL 459.2 million, up 14.3% year-on-year in Q1 2026, on the back of continued lending growth, partially offset by higher provisions.

Maib's gross loan portfolio reached MDL 40.6 billion (EUR 2.0 billion), up 24.7% year-on-year, reflecting continued lending to both businesses and individuals.

IFRS NPL ratio stood at 0.9% at the end of Q1 2026, up modestly by 0.1 pp QoQ and down 0.6 pp YoY.

Q1 2026 saw a 23% YoY increase in investment loans to businesses to MDL 9.1 billion, with energy continuing to be the bright spot. Maib's ability to allocate capital to the right industry and the right project was exemplified by its financing of a Radeni 60 MWh Battery Energy Storage System (BESS) project, inaugurated in April 2026.

The real estate market in Moldova is normalising after breakneck price growth (66% increase over two years), with transaction volumes declining for several consecutive quarters — a healthy consolidation rather than a stress signal. Maib is well positioned to maintain mortgage portfolio quality: PAR 90 has trended toward 0% throughout 2024–2026 (recording just 0.01%), while PAR 30 has held a stable average of 0.3%, underpinned by conservative underwriting standards including LTV capped at 80% and DSTI at 40% for standard borrowers.

Strengthening capital position: During Q1 2026 maib signed a 10-year EUR 20 million subordinated loan agreement with the European Fund for Southeast Europe (EFSE), reinforcing its capital base. Maib's CAR stood at 20.0% at end of Q1 2026.

Rating upgrade from Moody's for Moldova, alongside Hungarian election results signal cautious optimism for the country's economic and political future.

Most forecasters remain cautiously optimistic with 2026 GDP growth in the range of 1.7%–2.4%. Development of the conflict in the Middle East and its impact on the oil price is the uncertainty factor highlighted in the reports.

The immediate effect of the Middle East conflict saw fuel prices at the pump increase by 30% in late March and April. This could drive up inflation to 7-9% from 5.8% in March 2026, which would be evident in Q2 2026.

 

*All figures herein refer to maib group unless noted otherwise

 

Detailed financial results (report and presentation) can be found in the Results Center section of Investor Relations website (LINK).

 

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Conference Call 

Maib will hold conference call covering 1Q 2026 results on Wednesday, 6 May at 15:00, Chisinau time via zoom. 

To access the call please use the  following link 

Please submit your questions via chat or via email at evgenii.risovich@maib.md.

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Recent investor relations releases

 

Upcoming investor events

  • 6 May - 1Q 2026 results call
  • 29 May - 2025 Sustainability report

 

Contact investor relations

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

 

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