Investor Relations Release 15 September 2025

Maib is among a group of co-founders led by Bucharest Stock Exchange in launching a modern securities exchange platform in Moldova. This initiative, led by the Bucharest Stock Exchange (BVB), and which includes the Moldovan government’s Public Property Agency (APP) and several top private sector companies from Moldova, aims to revitalize Moldova’s capital markets and improve the investment climate. Shareholders signed a Memorandum declaring the intention to create the exchange today, 15 September 2025.

Strengthening Moldova’s capital market infrastructure

Maib’s involvement highlights its commitment to advancing capital market development in Moldova by providing new opportunities for corporate issuers and investors. The new stock exchange will enable businesses to access diversified capital sources through bond and equity issuance, fostering economic growth and financial sector modernization. This improved financial ecosystem is designed to facilitate efficient capital raising and meet the growing demand of savers for investment products in Moldova.

At the same time, the exchange will improve market liquidity and transparency for both institutional and retail investors. Maib anticipates enhanced liquidity for its own shares, driving greater market visibility and potential valuation uplift.

Maib’s role as market maker and underwriter

As a key market participant, maib will leverage its capital markets expertise to:

• Issuance of securities for corporate, municipal and state-owned enterprises
• Facilitate distribution of government securities
• Act as a market-maker to provide liquidity for investors
• Provide advisory services on issuer disclosure, governance, and investor relations
• Promote the exchange among domestic institutional investors, regional market players, and the Moldovan diaspora

These initiatives aim to accelerate liquidity growth and boost secondary trading activity on the exchange, further supporting Moldova’s financial market evolution.

Bucharest Stock Exchange (BVB) leadership

The Bucharest Stock Exchange (BVB), serves as the anchor investor and will contribute its advanced trading technology and regulatory experience. BVB is a leading and fastest growing regional stock exchange, currently boasting over EUR 85 billion in market capitalization and over EUR 12 million in daily liquidity in 2025. In 2023 BVB attracted the largest IPO in Europe as Hidroelectrica raised EUR 1.9 billion. BVB has over 260,000 investor accounts and enables international investors to invest in Romanian and international securities.   

 

Prime Minister Dorin Recean emphasized:

"Moldova is connecting to European financial markets—the launch of the new stock exchange in Chișinău brings tangible opportunities for our entrepreneurs and foreign investors, especially from Romania, to open businesses in Moldova."

Radu Hanga, President of the Bucharest Stock Exchange, added:

"The future stock exchange in Chișinău will be a key pillar for the economic development of the Republic of Moldova. It is an honor for the Bucharest Stock Exchange to be part of this project, contributing our experience and resources, but above all our desire to work with local partners to build a modern and transparent market. This stock exchange means real opportunities for entrepreneurs, security for investors, and a decisive step towards closer regional cooperation."

Giorgi Shagidze, CEO of maib, commented:

"This is a very important step in the development of the Moldovan capital market. The modern stock exchange will enable Moldovan companies to raise capital by accessing European markets, diversifying their capital structures, and reducing funding costs. It will also strengthen companies by fostering the adoption of best governance practices. I am grateful to BVB for their leadership, expertise, and key contribution in creating this platform, and I would also like to thank our co-investors for their active participation and support ".

 

About maib

Maib is the largest bank in Moldova, with a share of 36.3% of deposits and 38% of loans of the entire banking system as of the end of Q2 2025. Maib is a disciplined lender with an NPL ratio of 1.1% and is well-capitalized with a CAR of 19.7% as of 30 June 2025. The Bank is of systemic importance to the country, serving nearly half of the population and is one of the largest private employers in Moldova, with a workforce of over 2,500 people. The Bank is committed to returning capital to shareholders, having paid out 45% of its 2024 profits in dividends (totalling nearly EUR 32 million). Since 2018, maib's largest shareholder has been a consortium that 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

• Strong loan growth and efficiency gains help maib ROE exceed 20% in Q2 2025
• Maib provides access to Moldovan banking to citizens living abroad
• Alexandru Sonic's appointment to maib Management Board approved by NBM

 

Upcoming investor events

• 30 September - WOOD&Co Romania Investor Days
• 6 November - 3Q and 9M 2025 Financial Results (TBC)

 

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.