Moldindconbank shareholders met on June 17, 2025, at the Annual Ordinary General Meeting of Shareholders (GMS) at the Bank’s headquarters.

The GMS was attended by the Bank’s shareholders holding 93,70% of total outstanding voting shares. All items included in the agenda were adopted unanimously by the shareholders present.

At the General Meeting, the shareholders elected a new Board of Directors of the Bank for a 3-year term.

Thus, Dr. Herbert Stepic, one of the most valuable specialists on the international banking market, who has played a decisive role in its development in Central and Eastern Europe, was re-elected as a member of the Board of Directors. Dr. Stepic is appreciated for his deep understanding of emerging markets, his strategic vision and his commitment to sustainability and corporate responsibility in the financial sector. The other elected Board members are Nikolov Nikolay, Gael du Breil de Pontbriand, Thomas Higgins, Ana Spînu, Vasile Iuga and Ivan Iskrov (new member).

Ivan Iskrov served as Governor of the Bulgarian National Bank from 2003 to 2015. He led the Bulgarian National Bank through a critical period marked by EU accession, the global financial crisis, and major banking sector reforms. Under his leadership, the Bulgarian National Bank preserved the stability of the currency board, safeguarded the banking system during the 2008–2009 crisis, and became a fully integrated member of the European System of Central Banks. During 2007-2015 he was a member of the General Council o the European Central Bank and the European Systemic Risk Board in Frankfurt am Main. Internationally recognized for his work, Iskrov was awarded Commander of the Order of Leopold by the Kingdom of Belgium and named Banker of the Year of Bulgaria in 2011. He remains the longest-serving governor in the Bulgarian National Bank history. Mr. Iskrov will take up his duties only after approval by the NBM.

The General Meeting also took note of the Bank’s annual financial report for the year 2024 and approved the annual report of the Bank’s Board of Directors for the year 2024.

Last year, Moldindconbank consolidated its position in the banking system, increasing its market share to over 21%. The Bank’s volume increased: total assets – MDL 36,2 billion (+16,5%), loan portfolio – MDL 19,1 billion (+36,7%), deposit portfolio – MDL 28,6 billion (+19,8%). Moldindconbank has the largest portfolio of payment cards totaling over 1.479 thousand cards. As of December 31, 2024, the Bank’s share of total active cards in circulation reached 40,3%. Most users, the number of which exceeds 799 thousand, prefer Moldindconbak’s electronic services. At the same time, Moldindconbank maintained its leading position in the market of money remittance services by individuals, the Bank’s market share constituted 33,6%, as of 31.12.2024.

“The year 2024 was a year of consolidation and transformation for Moldindconbank. We steered a challenging environment, but managed to consolidate our leading positions in the Moldovan banking market in several segments, thanks to our strategic vision, team professionalism and commitment to our customers and partners.

The results confirm the strength of our business model and our ability to innovate and evolve sustainably.

I would like to thank the shareholders for their constant support and the Moldindconbank team for the determination and professionalism. Good results never come by chance – they are the product of a clear vision, teamwork and respect for the commitments made.

In 2025, we will continue to grow responsibly, innovate meaningfully and stay close to every customer. We stand for stability, transparency and ability to deliver real solutions in a dynamic environment. Our values – integrity, excellence, collaboration and customer focus – will further guide our every step” was the message sent by Dr. Herbert Stepic, Chairman of the Board of Directors of Moldindconbank.

The Annual General Meeting of Shareholders approved the payment of dividends for MDL 101,20 per outstanding share, totaling MDL 500,4 million from the net profit account for 2024. Following this decision, Tier 1 own fund items were increased by the remaining profit for MDL 612,50 million.

The GMS also confirmed the audit entity for the audit of the Bank’s financial statements and set the amount of remuneration for the services rendered, as well as, approved the amendments to the Bank’s Statute.

Moldindconbank – mereu alături!