maib (BC „Moldova Agroindbank” S.A.) is

Moldova Moldova ( , ; ), officially the Republic of Moldova ( ro, Republica Moldova), is a Landlocked country, landlocked country in Eastern Europe. It is bordered by Romania to the west and Ukraine to the north, east, and south. The List of states ...

’s largest

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

and lender.

Background

MAIB started operations in 1991 as a

joint-stock company A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...

by taking over assets and clients from the

Soviet The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, ...

-era Agroprom Bank. Today MAIB is the country's largest commercial bank in terms of both total

assets In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...

and total

equity Equity may refer to: Finance, accounting and ownership * Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the dif ...

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 The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...

(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 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

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

Notes

Banks of Moldova {{Europe-bank-stub