Moldova Agroindbank is Moldova

Moldova

Moldova , officially the Republic of Moldova is a landlocked state in Eastern Europe, located between Romania to the West and Ukraine to the North, East and South. It declared itself an independent state with the same boundaries as the preceding Moldavian Soviet Socialist Republic in 1991, as part...

’s largest commercial bank

Commercial bank

After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...

 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

European Bank for Reconstruction and Development

Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...

 (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

ECU

ECU may refer to:Automotive terms* Electronic control unit, a generic term for any embedded system that controls one or more of the electrical systems or subsystems in a motor vehicle...

 149 million, of which ECU 30 million is in the financial

FINANCIAL

FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...

sector.