Maib, Moldova’s largest commercial bank, one of whose shareholders is the leading asset management group in the Baltics Invalda INVL, earned a record net profit in the first quarter of this year – 401.8 million Moldovan leu (MDL) (EUR 20.7 million), or 15% more than in the same period last year.
“The bank remained focused on expanding retail and small and medium-sized business lending, as well as advancing its digitalization initiatives. The quarterly results and earned international awards only confirm that adhering to the strategy yields results and we are on the right path”, says Vytautas Plunksnis, the Chairman of the Supervisory Board at maib and Head of Private Equity at INVL Asset Management.
In spring of this year, the prestigious business and financial magazine Global Finance recognized maib as the best bank in Moldova and a leader in financial innovation in Central and Eastern Europe.
The bank’s net interest income for January-March was MDL 684 million (EUR 35.2 million) and was 23% more than in the first quarter of 2024. Net commission income decreased 1% in period of comparison to MDL 121 million (EUR 6.2 million). Other income increased 56.3% to MDL 238 million (EUR 12.3 million).
The bank’s gross loan portfolio amounted to MDL 33 billion (EUR 1.7 billion) at the end of March 2025 and was 33.6% larger than a year earlier. Business loans grew 25.3% in the year as loans to households increased 47.5%.
Customer deposits at maib at the end of March this year totalled MDL 49 billion (EUR 2.5 billion), 12.6% more than a year earlier.
As of the end of March 2025, maib had assets of MDL 63 billion (EUR 3.2 billion), 11% more than a year earlier.
The bank had a capital adequacy ratio of 19.9%, a liquidity ratio of 244.4%, and an annual return on equity of 19.6%.
The bank had a net profit of 1.41 billion MDL (EUR 73.4 million) last year, which is 15.7% more than in 2023. During 2024, maib returned MDL 757.5 million to shareholders (EUR 39.4) through dividends and another MDL 231 million (EUR 12 million) through buy-back of its own shares.
About maib
Maib is the largest bank in Moldova. As of 31 December 2024, it accounted for 35% of the country’s bank assets market and 38% of loans. The bank serves more than a third of the people in Moldova and is one of the country’s largest employers. Maib has a high level of capitalisation – as of 31 December 2024, its capital adequacy ratio was 20.6%. In 2024, for the sixth consecutive year, The Banker – a magazine published by The Financial Times – named maib the best bank in Moldova and Global Finance named maib the best sustainable bank in the country.
Since 2018, maib’s largest shareholder is a consortium of investors consisting of the European Bank for Reconstruction and Development, Invalda INVL – the leading Baltic asset management group, and Horizon Capital – a private equity fund manager focused on emerging Europe.
About Invalda INVL group
Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. The group’s companies manage or have under supervision more than EUR 1.6 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.
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