The country's largest commercial Moldova Agroindbank is convening an Annual Meeting of its shareholders on July 22, according to the MAIB Board decision of June10.

The forum's agenda includes 6 main questions: the 2020 Annual Financial Report; the 2020 MAIB Board Report; On the norms of 2021 profit distribution; On introducing amendments to the MAIB Charter; On the distribution of profits, including the repayment of dividends; On the system of long-term motivation for the MAIB leadership, medium-level managers and key bank employees. In connection with the epidemiological situation, the MAIB leadership assures the shareholders that it will take all necessary anti-coronavirus measures at holding the Annual Meeting in accordance with the decisions of Moldova's corresponding state bodies.

As was already reported by Infotag, in 2020 the MAIB earned a net profit of 524 million lei. Due to the pandemic, the Bank did not repay dividends for 2019, when its profits had reached a record-breaking figure of 703 million lei. The MAIB leadership received from the National Bank of Moldova (NBM) permission for repaying dividends, though in a size smaller than MAIB had requested. The NBM permitted Agroindbank to use for dividend repaying only 17% of the profit earned. That's why MAIB will repay slightly less than 200 lei per each 200-lei-nominal share.