Investor Relations En Ro

About maib

About

Maib is the leader of the Moldovan banking market by:

  • loans, deposits, distribution network, brand perception and most other key indicators

The customer base is nearly 850 thousand across retail, SME and corporate segments

Maib distribution network consists of over 2 thousand employees and:

  • 130 branches and agencies
  • 285 ATMs
  • 8,200 POS terminals

Maib is consistently growing and profitable. It is one of the largest dividend payers in Moldova

Market share

 

Market shares / rank* as at 31 March 2022

 

 

he customer base is nearly 850 thousand across retail, SME and corporate segments

Maib distribution network consists of over 2 thousand employees and:

Country

GDP development

Source: National Bureau of Statistics of Moldova, Ministry of Economy and Infrastructure of Moldova

GDP composition 2021

Source: National Bureau of Statistics of Moldova

Moldova

Economy*
  • Population: 2.9 mln
  • GDP (2021*): USD 13.7 bln
  • GDP per capita (2021*): USD 4,700
  • Average real GDP growth (2015-2021): 3.20%
  • Forecasted average real GDP growth 22-24: +2.9%
  • Total loans / GDP (2021*): 23.3%
Currency
  • Currency: Moldovan leu (MDL)
  • Exchange rates (31 March 2022): MDL/ USD: 18.32; MDL/ EUR: 20.39
Recent developments
  • Pro-EU government has been installed after both presidential (November 2020) and parliamentary (July 2021) elections yielding a strong majority for the pro-EU block
  • Moldova wreceived EU Candidate status on 23 June 2022

(*) Source: maib estimate; Source: National Bureau of Statistics of Moldova

Currency stability: FX rates

Source: NBM
Market

  • Moldovan economy remains underpenetrated in terms of banking services

  • Its banking system is well funded by customer deposits and well capitalized compared to regional peers

  • Return on assets remains relatively high

Real GDP growth and loan growth rates 2018-2021

Source: IMF, Renaissance Capital

Return on assets and impaired loans, 2021*

Source: IMF, (*) maib estimate

Loan to GDP and deposits to GDP 2021

Source: IMF, Renaissance Capital

 

Equity to assets, 2021

 

Source: IMF, most recent time period available Q3-Q4 2021

Management
Giorgi Shagidze
Chairman of the Management Board, CEO
Aliona Stratan
First Vice-Chairwoman, Retail Banking
Stela Recean
Vice-Chairwoman, Chief Risk Officer & Chief Compliance Officer
Dumitru Baxan
Vice-Chairman, Corporate Banking and Investments
Andrii Glevatskyi
Vice-Chairman, Business (SME) Banking
Marcel Teleuca
Vice-Chairman, Operations and Logistics
Supervisory board
Vytautas Plunksnis
Chairman of the Board of Directors
Victor Miculet
Vice Chairman of the Board of Directors
Natalia Vrabie
Member of the Board of Directors
Maryna Kvashnina
Member of the Board of Directors (independent member)
Vasile Tofan
Member of the Board of Directors
Ivane Gulmagarashvili
Member of the Board of Directors (independent member)
Konrad Kozik
Member of the Board of Directors (independent member)
History
History of maib between 1991-Present
1991
asdasd asdads
Maib is established. The bank is a successor to the government owned Agroindustrial Bank. The institution obtained its license for banking operations, including in foreign currency. Maib is established. The bank is a successor to the government owned Agroindustrial Bank. The institution obtained its license for banking operations, including in foreign currency. Maib is established. The bank is a successor to the government owned Agroindustrial Bank. The institution obtained its license for banking operations, including in foreign currency. Maib is established. The bank is a successor to the government owned Agroindustrial Bank. The institution obtained its license for banking operations, including in foreign currency. Maib is established. The bank is a successor to the government owned Agroindustrial Bank. The institution obtained its license for banking operations, including in foreign currency. Maib is established. The bank is a successor to the government owned Agroindustrial Bank. The institution obtained its license for banking operations, including in foreign currency. Maib is established. The bank is a successor to the government owned Agroindustrial Bank. The institution obtained its license for banking operations, including in foreign currency.
1993
The Bank became a founder of the Moldovan Stock Exchange.
2000
The General Assembly of Shareholders confirmed the EBRD and Western Nis Enterprise Fund as potential foreign investors of the bank. One year later, the two institutions invested in the bank's capital, though obtaining 9.8% and 9.9% of the bank's shares.
2002
Maib is the first bank in Moldova to set up a leasing company - maib Leasing. Also this year, maib creates its Business Center and serves individually each corporate client, attracts deposits, manages liquidity, makes currency operations, etc. Maib becomes a member of VISA International system and extends its cards range.
2007
Individuals can manage deposit accounts in any branch of the bank throughout the country. Internet-Banking service is launched as a pilot project.
2008
VISA and Mastercard chip cards are released. For the first time on the banking market, the Cash-in service solution is applied, with the possibility of paying loans, additional current accounts and deposits through payment terminals. The system of customer service by phone is developed, through InfoCentru and InfoTel services.
2016
An extensive transformation process is being launched across several business lines to increase efficiency and quality of services and to align with European peers. Maib is the leader of the banking market in the country.
2017
Maib launches the MAIBank App, guaranteeing fast and secure access to Mobile Banking and Internet Banking services. In order to increase its level of competitiveness and security, maib has strengthened its capacities to prevent money laundering and terrorist financing by implementing the most advanced AML solutions.
2018
The shareholding structure includes HEIM Partners Limited, which acquired the 41.09% stake. HEIM Partners Limited is an international consortium of investors consisting of the European Bank for Reconstruction and Development, Horizon Capital and AB Invalda INVL.
2021
The updated development strategy for the period 2021-2024 is approved, with a new mission, vision and new values. In October, maib announced a new visual brand identity that supports the updated strategy, mission, vision and new values of the bank.
2022
Maib has started agile transformation, for addittional flexibility, speed and instant reaction to change.
Contacts

Contact Investor Relations
 

Contact email for general queries IR@maib.md
Telephone +373 22 303 396


Julieta  Plîngău
julieta.plingau@maib.md

Evgenii Risovich
evgenii.risovich@maib.md

Giorgi Shagidze
Chairman of the Management Board, CEO
  • Joined maib in February 2021
  • Other current positions: Member of the Supervisory Boards of Synergy Capital and Georgian Stock Exchange
  • 2010-2020: Deputy CEO and Chief Financial Officer, as well as member of the Management Board at TBC
  • 2008 to 2010: Global Operations Executive for Barclays Bank
  • Deputy CEO of People's Bank of Georgia (2005-07)
  • Graduated from the Tbilisi State University in 1997 and obtained an MBA from the University of Cambridge Judge Business School in 2008, Certified Financial Analyst
Aliona Stratan
First Vice-Chairwoman, Retail Banking
  • Joined maib in 2020 as First Vice-Chairwoman of the Management Board, Retail Banking
  • Other current positions: Chairman of the Supervisory Boards of maib-Leasing and IMON International
  • 2018 to 2020: Vice President ABB Bank Armenia
  • 2014 to 2018: Vice President VTB Bank Armenia
  • Previously worked at ProCreditBank Georgia, National Bank of Moldova
  • Graduated from the Moldova State Agrarian University, MBA from Grenoble Graduate School of Business
Stela Recean
Vice-Chairwoman, Chief Risk Officer & Chief Compliance Officer
  • Since 2018: Vice-Chairwoman of the Management Board, Chief Compliance Officer (since 2021 took also the role of Chief Risk Officer)
  • 2014 to 2018: Head of Compliance Department
  • 2000 to 2014: held different positions, including of managing partner at PwC Moldova
  • Previously worked at PWC and National Bank of Moldova
  • Graduated from Moldova Academy of Economic Studies, ACCA, ACAMS, Licensed Auditor
Dumitru Baxan
Vice-Chairman, Corporate Banking and Investments
  • Joined maib in 2010 as Head of NPL Recovery Department
  • 2019: appointed to the Management Board of maib as Head of Corporate Banking and Investments
  • Previously worked at Banca de Economii, including as Vice President for Retail Banking and at National Bank of Moldova
  • Graduated from Moldova Academy of Economic Studies
Andrii Glevatskyi
Vice-Chairman, Business (SME) Banking
  • Joined maib in 2019 as Counsellor in Risks
  • 2019: appointed to the Management Board of maib as Chief Risks Officer and later, in 2021 – as Head of Business (SME) Banking
  • 2009 to 2019: held different positions at Raiffeisen Bank Aval Ukraine, including Head of Retail Risks in 2015 to 2019
  • Previously worked at Aval Bank Ukraine
  • Graduated from the National Agrarian University
Marcel Teleuca
Vice-Chairman, Operations and Logistics
  • Works in maib since 1994 (with a one year break, when worked as Head of Treasury of BTR Bank)
  • 2010: appointed as Vice-Chairman of the Management Board
  • Previously worked as Head of Treasury, Head of Dealing, dealer
  • Graduated from Moldova Academy of Economic Studies
Vytautas Plunksnis
Chairman of the Board of Directors
  • Chairman of the Supervisory Board since July 2020;
  • Other current positions: Head of Private Equity, INVL Asset Management; partner at INVL Baltic Sea Growth Fund; Chairman of the Supervisory Board of Eco Baltia; Chairman of the Management of Ecoservice, NRD Systems, Investors Association; board member of various portfolio companies;
  • Since 2006 worked in different positions within Invalda INVL Group companies.
Victor Miculet
Vice Chairman of the Board of Directors
  • Chairman of the Supervisory Board in 2002-2020; Vice-Chairman since 2020;
  • Other current positions: Chairman of the Association of Authorized Cars Importers;
  • 1996: founder, CEO of “Auto-Space” LTD, authorized dealer of BMW, Mini, MAN, Honda and Mitsubishi cars.
Natalia Vrabie
Member of the Board of Directors
  • Appointed to maib's Supervisory Board in 2013;
  • 1991 to 2013: managerial positions in maib, including position of CEO, Chairman of the Management Board during 1996-2013;
  • Over 50 years of banking experience.
Maryna Kvashnina
Member of the Board of Directors (independent member)
  • Appointed to maib's Supervisory Board in 2018 as an independent member;
  • Other current positions: CEO of Naftogaz Digital Technologies; Partner at Edenlab; Financial Services Network Co-Chair for Eastern Europe, YPO – Young Presidents` Organization;
  • Since 2019: IT Director of Naftogaz Ukraine;
  • 2013 to 2015 Vice President of Management Board of Delta Bank;
  • Previously worked at Finstar Financial Group, PrivatBank; § Founder of Pharmacy Network Apteka Dobrogo Dnya (2006); Co-Founder of PAY2YOU (2015).
Vasile Tofan
Member of the Board of Directors
  • Appointed to maib's Supervisory Board in 2018;
  • Other current positions: Chairman of Supervisory Board of Purcari Wineries Public Company Limited; Member of Consultative Boards of Anex and Intellias;
  • Since 2021: Senior Partner at Horizon Capital Advisors LLC Office in Ukraine (joined in 2012);
  • Previously worked Consultant at Monitor Deloitte and Senior Manager, Corporate Strategy & Alliances at Philips;
  • Founded Ovuline (now Ovia Health);
  • Graduated from Erasmus University of Rotterdam (public management), MBA from the Harvard Business School
Ivane Gulmagarashvili
Member of the Board of Directors (independent member)
  • Appointed to maib’s Supervisory Board in 2020 as an independent member;
  • Other current positions: Member of Supervisory Boards of Agricover Holding and TAM Faktoring AS;
  • 2015 to 2018: Head of New Products, 4finance Group § Previously worked at Barclays and Barclays Cards, Bank of Georgia;
  • Graduated from Tbilisi State University (marketing), MBA from the Clarion University of Pennsylvania.
Konrad Kozik
Member of the Board of Directors (independent member)
  • Appointed to maib's Supervisory Board in 2020 as an independent member;
  • Other current positions: Member of the Supervisory Board of ISP Bank Albania;
  • 2014 to 2019: CFO, Member of the Management Boards of Allianz Russia and Poland;
  • Previously worked at UniCreditBank;
  • Graduated from Navarra University, MBA from Luigi Bocconi University.