Market Leader ranking for maib from Euromoney
Investor Relations Release 10 January 2024
Maib ranked Market Leader in all key segments by Euromoney for the second consecutive year
Maib is pleased to announce that it has been honored with three Market Leader recognitions by Euromoney, a leading global financial publication. These rankings recognize maib as a standout performer in the following categories:
Corporate Social Responsibility (CSR)
Euromoney acknowledges maib's initiatives in corporate social responsibility, emphasizing the bank's commitment to sustainable practices and community well-being. Maib has either undertaken or supported numerous initiatives this year which have positively impacted the environment and the community where the Bank operates. In partnership with the NGO "Hai Moldova", the Bank has carried out one of its most significant environmental CSR projects aptly named ‘maib forest’, where maib’s enthusiastic employees have planted over 8,600 trees. Moreover, maib has supported Moldova’s national team in the 2023 Eurovision song contest, thus promoting national culture as well as our local artists abroad.
The Market Leader Award in Corporate Banking highlights maib's excellence in providing tailored financial solutions and services to corporate clients. This year maib has signed major key clients, such as the retail giant Linella, which is building a new logistics center with the help of maib’s financing. Furthermore, with the addition of USBA as a corporate client, maib has aided the development of the renewable energy foundation of Moldova, by supporting the construction of a photovoltaic park (with a capacity of 7MW) in the south of the country.
Maib has been recognized for its innovative use of technology and user-friendly digital platforms, positioning the bank as a leader in the digital banking landscape. The centerpiece for the bank’s digital transformation is its banking application, maibank, which itself has received major upgrades during the year. Amongst them is the launch of full digital onboarding, which allows any Moldovan citizen with a national ID card to open an account with maib without visiting a branch. Moreover, the interface of the app has recently gotten a big overhaul, making it much more user-friendly and intelligible.
Giorgi Shagidze, CEO maib, said:
“Maib is honored to receive these prestigious awards from Euromoney, affirming our dedication to responsible banking, corporate excellence, and digital innovation. We remain committed to delivering value to our customers through our diverse range of services. I would like to personally thank our team, as it is their efforts which help us reach such notable achievements.”
Euromoney magazine was launched in 1969 to cover the emergence of the international cross-border capital markets. The Euromarket, after which the magazine is named, is the predecessor to today’s mainstream global capital markets. Today, Euromoney is the primary magazine of the wholesale financial world, its institutions and its users, and has been for more than 50 years.
Maib is the largest bank in Moldova, with a share of 33.8% of deposits and 38.2% of loans of the entire banking system at the end of 3Q 2023. Maib is a disciplined lender with NPL ratio of 3.1% and is well capitalised with CAR of 23.0% as of 30 September 2023. 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 2,400 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
- Second maib corporate bond programme approved by the regulator
- Opening of maib park: designed to attract talent
- Launch of full digital onboarding - step forward for maib
Upcoming investor events
- 15 February - 2023 Financial Results Release and Conference Call
Contact investor relations
Maib 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.