Maib Explained

maib
Type:Private (joint-stock)
Foundation:1991
Hq Location City:Chișinău
Hq Location Country:Republic of Moldova
Products:Commercial banking, Investment banking, Private banking, Asset management, leasing etc.
Num Employees:>2400
Num Employees Year:2021
Homepage:https://www.maib.md/en

maib (BC „Moldova Agroindbank” S.A.) is Moldova’s largest commercial bank and lender.

Background

MAIB started operations in 1991 as a joint-stock company by taking over assets and clients from the Soviet-era Agroprom Bank. Today MAIB is the country's largest commercial bank in terms of both total assets and total equity and is regarded as a well-managed and profitable organisation. MAIB maintains one of the largest domestic branch networks, comprising 70 branches throughout the country, covering every major population centre. The European Bank for Reconstruction and Development (EBRD) and MAIB have developed a close cooperation since 1994 under SME (small and medium-sized enterprises) and micro-lending credit lines. The Bank has a total commitment to MAIB of ECU 149 million, of which ECU 30 million is in the financial sector.[1]

Notes and References

  1. Moldova's largest private bank gains further EBRD support, Press Release December 15, 1998