New member of the Management Board

Maib, the leading bank in Moldova, has announced today that Alexandru Sonic joins the Bank to serve as maib’s new Vice-Chairman of the Management Board responsible for the Corporate Business Unit, subject to approval by the National Bank of Moldova. He will be responsible for all corporate banking activities of the Bank, including managing relationships with corporate clients, overseeing commercial lending and credit services, driving the Business Unit’s strategic growth, and ensuring effective risk management.

Alexandru Sonic is a seasoned finance executive with a 10 year tenure at Morgan Stanley, a top global investment bank specializing in European mergers and acquisitions. In addition, he held several other leadership roles, including State Secretary for Moldova’s Ministry of Economy and Managing Partner of Ocean Credit Holdings, a Romanian fintech platform. He holds a BA and MA from the University of Oxford.

Dumitru Baxan, maib’s longstanding Vice-Chairman of the Management Board responsible for the Corporate Business Unit will remain at the Bank, taking on the role of Deputy Head of Corporate.

Giorgi Shagidze, CEO of maib, commented:

"We are thrilled to welcome Alexandru Sonic to maib’s Management Board, subject to the necessary approvals. His extensive expertise in corporate banking and deep understanding of client needs will be pivotal in driving our growth strategy and enhancing our service offerings, particularly the capital markets and international. We are confident that his leadership will play a key role in strengthening our relationships with corporate clients and solidifying maib’s reputation as a forward-thinking and client-focused financial institution. I would also like to thank Dumitru Baxan for his tremendous contribution to maib’s corporate business and I am looking forward to working with him in his new capacity."

Alexandru Sonic, said:

"I am deeply honored by the opportunity to join maib as the new Vice-Chairman of the Management Board, subject to the necessary approvals. I am excited to contribute to maib's vision of redefining corporate banking in Moldova. This role presents both a significant challenge and a great responsibility, and I am eager to apply my experience and skills to support our corporate clients and help elevate maib to new heights in the banking industry."

About maib

Maib is the largest bank in Moldova, with a share of 36.1% of deposits and 38.0% of loans of the entire banking system at the end of 2Q 2024. Maib is a disciplined lender with NPL ratio of 1.9% and is well capitalised with CAR of 22.2% as of 30 June 2024. The Bank is of systemic importance to the country, it serves almost a third of the population and is one of the largest private employers 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

• Maib publishes its 2023 Sustainability Report
• Maib announces the commencement of the share buyback programme
• Another eventful quarter at maib: dividend, buyback, proposed board changes, important new products, and a profit increase

Upcoming investor events

• 05 September - WOOD&Co Romania Investor Days
• 10 September - Tradeville Quarterly Report, Bucharest

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