Maib named best bank in Moldova by Global Finance magazine
Maib has won the Best Bank in Moldova award from Global Finance magazine for the 7 year in a row. In its 30th annual awards for the World’s Best Bank, the honorees for 22 countries and territories in Central and Eastern Europe are those banks that attended carefully to their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success.
In selecting these top banks, Global Finance considered factors that ranged from the quantitative objective to the informed subjective. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
Joseph D. Giarraputo, founder and editorial director of Global Finance:
“As the banking crisis spreads from the US to other regions, identifying the best banks regarding services, stability and institutional knowledge is more important than ever. This year’s Best Bank Awards recognize the financial institutions that offer the broadest range of services as well as the reliability required for long-term financial relationships.”
Giorgi Shagidze, maib CEO:
"We are very grateful to Global Finance for this prestigious award and for acknowledging our efforts. At maib we remain dedicated to innovation and enhancing our banking solutions to provide our customers with convenient, user-friendly experiences. Our goal is to set a new standard for customer service, and we will continue striving towards this objective. Additionally, I extend my appreciation to our loyal customers, whose support has been instrumental in our outstanding performance over the past year."
Maib’s achievement highlights from the past year:
- Loan portfolio grew by 15.4%;
- SME loan portfolio up by 46.7% and 5.1% gain of market share in the segment;
- The number of clients exceeded 1 million;
- Maibank app users number increased by 45% to 430,000
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 readers in 193 countries and territories. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 36 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. 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.
About maib
Maib is the largest bank in Moldova, with a share of 33.0% of deposits and 37.2% of loans of the entire banking system at the end of 2022. Maib is a disciplined lender with NPL ratio of 2.54% and is well capitalised with CAR of 22.2% as of 31 December 2022. The bank is of systemic importance and serves almost a third of the country's population. 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, a private investment fund focused on emerging markets from Europe.
