Best Bank of the Year for the fifth straight year for maib by The Banker

Maib proudly announces being named the “Best Bank of the Year” in Moldova for the fifth consecutive time, as recognized by The Banker. This award is a testament to maib's commitment to innovation and customer-centric financial solutions.

Maib’s success is attributable to its commitment towards the consumers it serves, which has allowed the Bank to consistently grow its market share. In Retail, ease of access and online-based innovative products have been amongst factors which contributed to a rise in market share. Maib’s progressive consumer acquisition model and science based proactive approach to risk has led to the success of its SME segment, which has seen substantial year-on-year growth in market share (6.1pp y-o-y as of the end of 3Q 2023). In addition, as the bank with the longest running relationships in the business, maib’s scale, expertise, and reach allows the bank to maintain and grow its strong position within the Corporate segment.

Giorgi Shagidze, maib CEO:

“I would like to express my heartfelt gratitude to The Banker for recognizing our outstanding achievements and contributions to the Moldovan banking industry. The consecutive wins of the Best Bank of the Year award underscores maib's dedication to delivering top-tier financial solutions and services to our diverse clientele. With the help of our excellent team, we were able to set new standards and to drive the change for the better of the entire banking landscape in Moldova. Once again I would like to thank our customers, partners and the entire maib team, who made it all possible.”

We mention that in 2023 maib received several awards internationally, including
"Best Bank in Moldova" by EMEA Finance, "Best Bank in Moldova", "Best SME Bank", and "Best CSR Bank" in Moldova by Euromoney, as well as "Best Bank in Moldova" and "Best SME Bank in Moldova" by Global Finance.

About maib

Maib is the largest bank in Moldova, with a share of 31.6% of deposits and 37.9% of loans of the entire banking system at the end of 1H 2023. Maib is a disciplined lender with NPL ratio of 3.3% and is well capitalised with CAR of 23.7% as of 30 June 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.

About The Banker

The Banker is an international financial affairs publication that provides in-depth analysis, insights, and reports on global banking and finance. The magazine serves as a valuable resource for industry professionals, policymakers, and financial enthusiasts worldwide. Recognized for its comprehensive coverage and expert commentary, The Banker continues to be a leading source of information, offering a nuanced understanding of the dynamic and evolving landscape of international banking.

DISCLAIMER: Issuers of press releases – not the news agency IPN – are fully responsible for the accuracy and essence of the content submitted for publication and/or distribution.

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