Maib, Moldova’s largest commercial bank, one of whose shareholders is the leading asset management group in the Baltics Invalda INVL, earned an unaudited net profit of 828 million Moldovan leu (MDL) (EUR 42.5 million) in the first half of this year, which is 19% more than in the same period last year.
“Despite the volatile macroeconomic environment, the bank maintained its growth momentum in the second quarter of 2025. The consistent expansion of the loan portfolio, especially in the retail and small and medium-sized business segments, enabled us to achieve sustainable results. Half-year profits were record-breaking, and by promoting digitalisation and innovations in customer experience, we are strengthening our position in the Moldovan market”, says Vytautas Plunksnis, the Chairman of the Supervisory Board at maib and Head of Private Equity at INVL Asset Management.
In June, maib paid out 628 million Moldovan leu (MDL) (EUR 31.9 million) in dividends for its shareholders for the year 2024, according to its dividend policy of returning between 30% and 50% of net profit.
The bank’s net interest income for January-June was MDL 1.4 billion (EUR 73.2 million) and was 28.6% higher than in the first half of 2024. Net commission income rose 4.2% compared to the same period last year and reached MDL 255 million (EUR 13 million). Other income increased 33% to MDL 436 million (EUR 22 million).
The bank’s loan portfolio amounted to MDL 35 billion (EUR 1.8 billion) at the end of June 2025 and was 33.1% larger than a year earlier. Business loans grew 23.4% in the year as household loans increased by 50%.
Customer deposits at maib at the end of June totalled MDL 48.4 billion (EUR 2.5 billion), or 11% more than a year earlier.
As of the end of June 2025, maib had assets of MDL 63 billion (EUR 3.2 billion), 9.4% more than a year earlier. The bank had a capital adequacy ratio of 19.7% and a liquidity ratio of 165%.
Last year, maib had an audited net profit of MDL 1.41 billion (EUR 73.4 million), 15.7% more than in 2023.
The Supervisory Board has been renewed
The National Bank of Moldova has approved Andreea Pipernea, who has more than 20 years of experience in the financial consulting sector, and Madelyne Alexander, an audit and consulting professional, as new independent members of the Supervisory Board. The Supervisory Board, led by Vytautas Plunksnis, has a total of 7 members.
About maib
Maib is the largest bank in Moldova. As of 31 June 2025, it accounted for 35.8% 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 June 2025, its capital adequacy ratio was 19.7%. 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 1.9 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.