For the 6 year in a row maib is honored to be awarded Best Bank in Moldova by Global Finance Magazine. In its 29th annual Best Bank Awards, together with banks from 21 other countries of Central and Eastern Europe, maib was recognized by the magazine for its progress and achievements as the best bank in the country.
In the past year maib managed to great performance across the board: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Furthermore, bank’s achievements were recognized by banking industry specialists and other experts from the field.
Joseph D. Giarraputo, publisher and editorial director of Global Finance, said:
“With the financial world in a state of turmoil, corporate leaders face a new set of challenges concerning the choice of their banking relationships. Following on the enormous difficulties wrought by the pandemic, these changes demand increased attention to global commercial relationships. Our awards support decision-makers in selecting the best financial partners”.
Giorgi Shagidze, maib CEO, said:
“I would like to thank Global Finance for this recognition. Maib continued commitment to innovation, providing better and improved banking solutions for our customers, aiming to be just a click away. We will continue to do our best to set a new standard of customer experience. I would also like to say thanks to our loyal customers who helped us achieve excellent performance last year”.
Maib’s achievement highlights from the past year:
- Assets increased by 22.8%;
- Loan portfolio grew by 26.1%;
- SME loan portfolio up by 35% and 4% gain of market share in the segment;
- The number of clients reached 901 thousand;
- Maibank app users number increased by 66.4%.
Global Finance is a leading financial publication aimed at senior decision makers in the world of finance. Global Finance regularly selects the top performers among banks and other financial services providers. These awards have become a trusted standard of excellence for the global financial community.
Maib is the largest bank in Moldova, accounting for 31.4% of country’s banking assets and 34.9% in loans as of 31 December 2021. The bank provides 26% of all mortgage loans extended to Moldovans, serves over 35% of Moldova’s population and is among the largest employers in the country. The bank is well capitalized with Tier 1 Capital ratio of 21.1% as of 31 December 2021. Maib is widely recognized for its customer service and product innovation. Since 2018, maib’s largest shareholder is a consortium of investors composed of European Bank for Reconstruction and Development, Invalda INVL, a leading asset management group in the Baltics, and Horizon Capital, an Emerging Europe focused private equity fund manager.