Maib, the largest bank in Moldova, will distribute dividends of MDL 198,2 million, equivalent to EUR 10 million

Maib, the largest bank in Moldova, announces the decisions adopted by the Annual General Meeting of Shareholders (AGM) on June 15, 2023.

The shareholders decided the distribution of dividends in the total amount of MDL 198.2 million, the equivalent of EUR 10 million (2022 average exchange rate: 19.9 MDL/EUR). The bank’s profit distribution policy related to 2023 was also voted, whereby a percentage between 30% and 50% is allocated to dividends payment, subject to approval by the National Bank of Moldova, and the share buyback of up to 5% of the bank’s outstanding shares (5,188,170 shares). The term of the buyback is up to one year from the adoption of the resolution. The buyback is subject to the approval of the National Bank of Moldova.

Vytautas Plunksnis, maib Chairman:

“I am pleased with the outcome of maib’s AGM and would like to thank all the shareholders for their participation and support. Maib’s strong capital position and disciplined strategic approach allow us to both pay dividends and support the growth of the Bank. I would also like to express my gratitude to maib team for excellent financial results in 2022 and continued focus on maib’s transformation.”

All resolutions presented at the AGM were passed with the requisite majority of two-thirds of the votes, holders of 76.7% of the votes were present at the meeting

All the resolutions adopted at the AGM from June 15th, 2023 are published on maib website, in the section Investor Relations.