CB Moldova Agroindbank has been awarded the title of the best bank in Moldova, being the only banking institution in the country to make it to the top World’s Best Emerging Markets Banks in Central & Eastern Europe 2016.
Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. In addition to Global Finance editors—with input from industry analysts, corporate executives and banking consultants, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.
Commenting on the top best central and Eastern European banks, Joseph D. Giarraputo, publisher and editorial director of Global Finance, said that banks around the world keep on facing a wide range of risks, including geopolitics, volatile economic and market conditions, new regulatory landscape and changing conditions.
“We honor those banks that have the deepest commitment to the markets in which they operate and understanding of the specific needs of customers based in those markets,” Joseph D. Giarraputo.
In his comments, Serghei Cebotari, Chairman of the Management Board of CB Moldova Agroindbank, expressed his gratitude for such a high and prestigious appreciation of the work of the bank’s team. “This award comes to confirm the justness of the strategy implemented by Moldova Agroindbank, its responsibility towards customers and innovations due to which we adjust to swift changes on the market, in the country and globally,” Serghei Cebotari said.
It is worth mentioning that in February 2016, Moldova Agroindbank reported the highest profit on the local market – 130.6 million lei, holding a market share of 40.7%. MAIB also holds the highest shares in terms of assets with 26.43%, loans with 29.1% and private deposits with 30.1%.
Note: The international magazine Global Finance annually nominates the best financial institutions of the world. Global Finance awards are a sign of confirmation of high standards promoted by the nominated institutions, as well as a reliable source of information on the evolution of financial and banking institutions from about 200 countries. The top Best Emerging Markets Banks in Central & Eastern Europe 2016 included 21 banks.