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Moldindconbank the best bank in Moldova according to the Global Finance!

27.03.2014

 

Moldindconbank was named the best bank in Moldova by prestigious American magazine Global Finance (http://www.gfmag.com/) in the annual ranking World Best Emerging Market Banks in Central and Eastern Europe.

Among the criteria for choosing Moldindconbank and other banks in emerging markets such as Banca Transilvania (Romania), Sberbank (Russia), PrivatBank (Ukraine) as winners are: asset growth, profitability, strategic relationships, competitive prices and innovative products.

The results of the study conducted by Global Finance will be published in May edition of the magazine. The editors have selected a list of best banks after consulting the experts from the financial and banking industry and the directors of financial institutions worldwide in order to improve the quality and accuracy of studies results..

Commenting the obtained distinction Svetlana Banari, Chairman of Moldindconbank Managing Board, stated: "We are more than honored to be selected the best bank in Moldova by the respectable magazine Global Finance, receiving in this way the international recognition of our results and achieved successes in 2013. On behalf of the entire management team and bank staff, I can firmly confirm that Moldindconbank follows a right strategy. In recent years, being one of the largest Bank, Moldindconbank proved an active growth in all segments of the banking market, which is reflected in Bank’s financial results and meets our expectations. In addition, Moldindconbank is one of the biggest supporters of Moldovan economy, contributing to its development through various investment projects."

Global Finance is a prestigious issued monthly international magazine headquartered in New York, with readers in nearly 170 countries. With over 20 years of tradition, it offers articles, reviews and financial rankings that are highly appreciated globally. The mission of the publication is to help with the provided information leading corporations, banks and investors, to make accurate esteems and decisions..

It is to mention that Moldindconbank recorded in 2013 a net profit of 301.3 million lei, higher with 75% compared with the previous year and became the leader at performance indicators: return on assets (ROA), return on equity (ROE) and return on sales (ROS). The number of customers reached 307,000 at the end of last year, compared to 2012 when there were 263,000 clients. Moreover, in 2013 the Bank has climbed to second position in the national bank ranking by total assets (12.8 billion. lei) and loan portfolio (7.6 billion. lei).

 

Press Release GFmag

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