The NCFM approved the restructuring of Maib share issues by splitting them at a ratio of 100:1 without changing the size of the bank's authorized capital.
As noted in the message of the National Commission for the Financial Market, in particular, the Administrative Council of the NCFM approved the restructuring of the issues of shares of Moldova-Agroindbank as a result of the splitting of previously issued shares, by increasing the number of shares from 1,037,634 to 103,763,400, simultaneously with a decrease in their nominal value from 200 to 2 lei. The authorized capital of the bank after the restructuring of issues will remain at the same level - 207 million 526 thousand 800 lei. Splitting the value of shares - a procedure by which the nominal value of shares is reduced while increasing the number of shares. As InfoMarket agency reported earlier, the decision to split the shares without changing the authorized capital of the bank was made earlier by its shareholders at an extraordinary general meeting, at which they also approved the listing of shares on the Bucharest Stock Exchange, in particular, approved the proposal to admit maib's shares to trading on Regulated Market (Main Market), Shares Sector - A category of international shares administered by the Bucharest Stock Exchange. It was also decided to register maib's shares in the Romanian Financial Supervision Authority and in the system of the Romanian Central Securities Depository. Maib Council Chairman Vytautas Plunksnis noted that the successful listing of maib shares on the international stock exchange will be an important achievement not only for the bank, but for the whole country, as it will put Moldova in the spotlight of investors and attract foreign capital to the country. Giorgi Shagidze, Chairman of the Maib Board, noted that the strategic goal - listing shares on the Bucharest Stock Exchange - will have many benefits for the bank and its clients: improved access to capital, lower financing costs, high transparency, better communication with investors and better corporate governance. It will also open the door for other businesses in the country to integrate into the international capital markets, which will benefit the entire country. Maib is the largest bank in Moldova, which accounts for about 32.7% of deposits and 35.5% of loans issued by the banking sector in the first half of 2022. Since 2018, the largest shareholder of the bank is the consortium, which includes the EBRD, Invalda INVL (a leading asset management group in the Baltic States) and Horizon Capital (a private equity fund focused on emerging markets in Europe). According to the NBM, maib's net profit in 2022 amounted to 1 billion 140.97 million lei against 721.08 million lei a year earlier (+58.2%). // 01.02.2023 — InfoMarket
