Maib has released its 2024 sustainability report, presenting a comprehensive view of the Bank’s ESG performance. The report outlines how maib is embedding sustainability into its core business and corporate strategy, not only in response to external regulatory changes but as a long-term commitment to responsible banking.

Structured in line with international reporting standards such as the GRI and the ESRS, and based on a detailed materiality assessment, the report covers the Bank's performance in areas such as sustainable lending, corporate governance, risk management, financial inclusion, employee development, environmental impact, and stakeholder engagement amongst others. It also sets clear priorities for 2025 and highlights achievements of the past year.

 

The report can be downloaded at the following address.

 

 

Why sustainability is now a strategic imperative

• Moldova’s EU integration process is accelerating regulatory alignment with European ESG standards, including the development of a national taxonomy and disclosure rules.
• The National Bank of Moldova’s ESG strategy, launched in 2024, sets new expectations for banks across the financial system.
• Maib is fully committed to proactive ESG integration, recognizing that through sustainability the Bank both contributes to society and mitigates risks, hence future-proofing the institution.

What we’ve achieved in 2024

• Strengthened ESG governance, including the appointment of an ESG Leader to the Supervisory Board.
• ESG-related KPIs have been introduced for management performance evaluation, starting from 2025.
• Significant growth in the green loan portfolio, reaching MDL 947 million.
• Launched a dedicated climate risk management project to further assess environmental risk in lending.
• Began work on projects to lower maib’s carbon footprint such as sourcing our electricity from renewable energy and installing a solar park, which are due for completion in 2025.
• Advanced financial inclusion for Ukrainian refugees through innovative measures which now allows them to become fully fledged maib clients.
• Scaled employee development programs whilst cutting costs, increasing average annual training hours per employee by 17% whilst cutting costs by 51%.
• Employee engagement reached a score of 89, higher by 3 pp YoY.
• Improved our ESG risk rating score to 24.3 (improved from 25.5 prior year), reaffirming maib’s low-to-moderate ESG risk profile.

 

 

Giorgi Shagidze, maib CEO, said:

“I am pleased to present maib’s 2024 Sustainability Report. In 2024, we accelerated ESG integration in response to Moldova’s EU path, growing demand for sustainable finance, and the National Bank’s ESG agenda.

Our green loan portfolio reached MDL 947 million, we launched a climate risk project better assess environmental risks in our lending, and implemented an ESMS for SME lending. We supported Ukrainian refugees, advanced gender equity through IT scholarships, and joined the WEPs compact. To reduce our own footprint, we began work on a solar park, shifted to renewable energy, improved efficiency, and adopted electric vehicles.

As Moldova aligns with EU sustainability standards, maib is ready, building a more resilient and responsible future.”

 

 

About maib

Maib is the largest bank in Moldova, with a share of 37.3% of deposits and 37.9% of loans of the entire banking system at the end of 1Q 2025. Maib is a disciplined lender with NPL ratio of 1.5% and is well capitalised with CAR of 19.9% as of 31 March 2025. The Bank is of systemic importance to the country as it serves almost a third of the population and is the largest private employer in Moldova, with a workforce of over 2,500 people. Since 2018, maib's largest shareholder is a consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a leading asset management group in the Baltic States and Horizon Capital, a private investment fund focused on emerging markets.

 

Recent investor relations releases

• Maib 2025 Annual General Shareholders Meeting to be held on 19 June at maib park
• Q1 2025 results: maib ROE exceeds 19% on an improving net interest margin and loan book quality
• Global Finance names maib a leader in financial innovation in Central and Eastern Europe, recognizing its Bancassurance offering

 

Upcoming investor events

• 19 June - Annual General Shareholders Meeting (AGM) 2025
• 05 August - 2Q and 1H 2025 Financial Results (TBC)

 

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