Maib, the leading bank in Moldova, announce that its Supervisory Board has appointed Macar Stoianov to serve as maib's new Chief Financial Officer and vice-president of the Management Board, subject to approval by the National Bank of Moldova. He will be responsible for all finance areas of the Bank, including financial planning, reporting and accounting, treasury, asset and liability management and relationships with financial institutions.
Prior to maib Macar Stoianov has been with McKinsey, the leading global strategy consultancy. During his seven years there he was involved in projects in the areas of business strategy, finance and risk, as well as digital transformation and core operations. Earlier in his career he held posts with KBC and ING, the leading European banking groups, where among other things he gained diverse experience in finance, risk management, including budgeting and pricing. Macar holds an MBA from Vlerick Business School, MSc and BA from Academy of Economic Studies in Bucharest Romania, Financial Risk Management (FRM) from GARP and is a CFA charterholder.
Giorgi Shagidze, CEO of maib, said:
"We are very excited for Macar Stoianov to join maib. His vast and diverse international experience and finance specific skills and knowledge will be instrumental in executing maib's strategy, including our path to IPO. We are confident that he will significantly strengthen our leadership team and help maib cement its standing as a modern, agile and resilient financial institution on par or exceeding its international peers".
Macar Stoianov, newly appointed CFO of maib, said:
"I am extremely honored by the trust given to me to join maib in the role of CFO, pending the NBM approval, and I am truly excited to be part of the journey of maib community of employees, clients and partners toward building up the next generation of banking in Moldova. It is a great honor, which also brings to me an immense responsibility, and I am looking forward to bring all my knowledge, experience and competencies in finance of the future".
About maib
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.
