CB Moldova Agroindbank has been presented the Gold Award of the Banking Association for Central and Eastern Europe (BACEE) for excellent presentation, outstanding transparency and a wide scope of disclosure in the 2014 Annual Report. The Award was handed to the MAIB delegation by Istvan Lengyel, BACEE Secretary General, during the Association’s 31st Regional Banking Conference held on 19 October in Budapest. MAIB is the only bank in Moldova to receive this prestigious international award.
„With this award, we wanted to stress our intention to promote transparency and openness in the region’s banking sector, as well as the fact that, despite the difficult situation, some banks in Central and Eastern Europe not only maintain a positive development trend, but are also genuine champions, increasing their profits and other financial ratios”, Istvan Lengyel said.
The Annual Report is the most important reporting document of MAIB, which contains complete information on its accounting policies, balance sheet, evolution of profit, economic and financial operations, loans and deposits portfolios, risk management and the bank’s governance. The Annual Report of CB Moldova Agroindbank SA complies with the international reporting standards and confirmed by an independent audit company. The 2014 Annual Report can be accessed here. The Report contains 173 pages and is available in two languages, Romanian and English.
Set up in 1996, BACEE is aimed at expanding and consolidating cooperation relations between the Association’s member banks and the financial institutions in Central and Eastern Europe. Since then the Budapest-based organization has been joined by 32 banks and banking institutions from Hungary, Italy, Lithuania, France, Austria, Slovakia, Slovenia, Romania, Ukraine, Russia, Belarus, Czech Republic, Turkey, Azerbaijan, Albania, etc. Moldova Agroindbank has been a member of the Banking Association for Central and Eastern Europe since 2007, being the first bank in the Republic of Moldova to join this regional forum.
Each year, the BACEE members get together at the Regional Banking Conference. The current edition of the conference, aside from the official award ceremony for the best reports, included working sessions dedicated to the development of the political and economic policies in the EU and Eastern Europe and the involvement of regional banks; banks’ perspectives in the region and CIS; investments in Central European countries and CIS, etc. Top bankers from the region have openly and constructively presented their visions on the most topical issues concerning, mainly, the risks and challenges posed to the banking environment. Moldova Agroindbank was invited to present its own success story at the next edition of the Conference.
