Maib proudly announces that The Banker has named it "Best Bank of the Year" in Moldova for the fifth year in a row. This award proves maib's commitment to innovation and customer-focused financial solutions.
Maib's success is due to the bank's commitment to its customers, which has allowed it to increase its market share steadily. In the Retail segment, the increase in market share has been driven, among other things, by the innovative products offered by maib and their affordability. The modern customer growth model and proactive approach to risk led to the success of the Business Banking (SME) segment, which saw substantial year-on-year growth in market share (6.1pp in Q3, 2023). In addition, having developed the most enduring business relationships, maib's capabilities and expertise enable it to maintain and extend its strong position in the Corporate segment.
Giorgi Shagidze, maib CEO:
"I want to thank The Banker for appreciating our outstanding achievements and contributions to the banking industry in Moldova. Winning the "Best Bank of the Year" award in a row emphasises maib's dedication to providing top financial solutions and services to our clients across all segments. With our excellent team's help, we have set new standards and improved the banking landscape in Moldova. Once again I would like to thank our customers, partners and the entire maib team, who made everything possible to make this award a reality."
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 33% of deposits and 38.2% of loans of the entire banking system at the end of the third quarter of 2023. Maib is a disciplined lender with an NPL of 3.1% and well capitalised with a CAR of 23% as of September 30, 2023. The bank is of systemic importance, serving almost a third of the country's population. Since 2018, maib's largest shareholder is a consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a leading Baltic asset management group, and Horizon Capital, a private equity fund focused on markets emerging from Europe.
About The Banker
The Banker is an international financial business publication providing in-depth analysis, insights and reports on the global banking and financial sector. The magazine is a valuable resource for industry professionals, policymakers and finance enthusiasts worldwide. Best known for its comprehensive coverage and expert commentary, The Banker continues to be a leading source of information, providing a comprehensive insight into the dynamic and evolving environment of the international banking sector.
