Moldindconbank shareholders met on June 28, 2024, at the Annual Ordinary General Meeting of Shareholders (GMS) at the Bank’s headquarters.

The GMS was attended by the Bank’s shareholders holding 92,2% of the total voting shares in circulation. All items included in the agenda were adopted unanimously by the shareholders present.

At the GMS, the shareholders took note of the annual financial report of the Bank for the year 2023 and approved the annual report of the Bank’s Board of Directors for the year 2023.

According to last year’s financial data, the total assets increased by 20,2% and reached MDL 31,1 billion on December 31, 2023, the profit amounted to MDL 929 million (+3,1%), and the Bank’s capital amounted to MDL 5,6 billion (+11,3% from the profit earned). Within one year, the total loan portfolio increased by 11,2%, to MDL 14,0 billion, and the total deposit portfolio by 24,2%, up to MDL 23,9 billion. This remarkable result demonstrates that Moldindconbank gains high credibility from customers, individuals and businesses.

In 2023, Moldindconbank maintained its leading position in several segments: cards (over 1,3 million cards in circulation, market share of active cards – 40,1%), mortgage loans (market share – 30,7%), money remittances (volume of transfers – USD 509,3 million, market share – 32,7%) and the Bank’s network (70 branches and 63 agencies).

“In 2023, Moldindconbank has managed to position itself as a much stronger market participant than in previous years. With the backing of a large European shareholder, Doverie Group, and an experienced international management team of European and local professionals, Moldindconbank is ready to participate in the country’s development actively. In 2024, the Bank will further advance in its transformation towards customer centricity, efficiency and digitalization in order to provide services and products that meet all our customers’ expectations. At the same time, the Bank will continue to excel in maintaining and improving its compliance and anti-money laundering prevention standards” was the message sent by Herbert Stepic, Chairman of the Board of Directors of Moldindconbank.

Regarding the payment of dividends, the GMS approved the payment of dividends in the amount of MDL 89,35, for a share in circulation, in the total amount of MDL 441,8 milion, from the net profit for 2023. Following this decision, the Tier 1 own funds items increased by MDL 486,8 million from the remaining profit for 2023.

The GMS also confirmed the audit entity for carrying out the mandatory ordinary audit of the Bank’s financial statements for the year 2024 and related services, and established the amount of remuneration for its services, as well as approved the Regulation of the Board of Directors of the Bank in new edition.

“I would like to thank shareholders for their continued trust and support to the Bank. In 2024, we will continue to take many small steps forward after last year’s big leap. Moldindconbank has always focused on progress. Any commercial bank is essentially a service provider, therefore customer orientation means understanding customer needs, a sincere smile from the bank employee and quick decisions. Safety, trust and honesty, team spirit and excellence will be the foundation of our success also in 2024” said Alexander Picker, Chairman of the Managing Board of Moldindconbank.

Moldindconbank – mereu alături!