MAIB begins issuing American Express-branded Cards

MAIB begins issuing American Express-branded Cards

• 02.11.2015

 CB Moldova Agroindbank has begun issuing American Express-branded Cards, in accordance with the co-operation agreement entered into with the company in the autumn of 2014. Since February 2015, Moldova Agroindbank has successfully implemented the first stage of the agreement, leading the acquisition of merchants onto the American Express network in Moldova. Today, Moldova Agroindbank has launched the MAIB American Express® Gold Credit Card and the MAIB American Express® Green Credit Card, becoming the first and only bank in Moldova offering its customers American Express branded products. MAIB customers can now apply for the American Express Gold Credit Card and the Green Credit Card at Moldova Agroindbank branches. In both instances the MAIB-issued American Express Gold and Green Credit Cards offer financial flexibility combined with access to key benefits and personalized service associated with the American Express brand, including the opportunity to revolve their Card balance through the convenience of an extended 60 day payment option. Both Cards also offer access to American Express Selects, an online platform where Cardmembers can choose from hundreds of specially selected local and global offers enabling them to save while shopping, dining and travelling. The Gold Card also offers an additional tier of benefits including increased credit limit, access to Priority Pass lounge access across 700 airports worldwide.

Commenting on the launch, Cheryl Cook, Vice President Bank Partnerships EMEA, American Express said: “Moldova Agroindbank has proven to be an outstanding partner, making great strides in the expansion of the American Express merchant network in Moldova since the launch of our partnership last year. We’re excited to now see the expansion of our partnership with the launch of two new American Express-branded cards and we look forward to working closely with MAIB to offer tailored products and services to meet the needs of MAIB customers”.
Serghei Cebotari, Chairman of the Management Board of CB Moldova Agroindbank, expressed gratitude to American Express, a globally leading financial services company, for their confidence in Moldova Agroindbank. “The partnership with American Express is an important milestone in our business strategy. To us, it is an honor but also a big responsibility to start the second stage of cooperation – the issuance of American Express cards. I am sure that our customers will fully appreciate the advantages of this innovative product. Moreover, our joint efforts fit into the strategy of developing Moldova’s financial system, as well as into global trends of promoting cashless payments and enhancing financial culture.”

The Gold and Green Credit Cards also offer Cardmembers peace of mind when shopping through retail purchase protections, as well as benefitting comprehensive travel insurances and worldwide assistance when abroad. Cardmembers will also have access to key service benefits including online account access and 24/7 customer service support. Cardmembers also gain access to a special 24/24 phone line: (+373 22) 26 89 26, at which you can get urgent assistance and any information whenever needed The Card is accepted at millions of locations around the world, including supermarkets and restaurants, as well as at ATMs.
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NOTE:
Moldova Agroindbank:
CB Moldova Agroindbank is a leader of Moldova’s banking system, holding one of the best developed and most modern infrastructure, the largest amount of capital and keeping a strong position in top 10 best Moldovan brands. Data for the first half of 2015 show that MAIB holds a market share of 17.5% in terms of assets, 29% in loans, 20.9% in deposits, including 30.4% in private deposits, as well as 35.4% of the profit in the banking sector. Moldova Agroindbank network comprises 67 branches, 43 agencies, over 210 ATMs, including cash-in and cash-out ATMs, about 2,700 POS terminals, 5 self-service centers operating on a round the clock basis and 27 self-service areas. Every year, influential international publications recognize MAIB as the best bank, including in 2015, when Global Banking & Finance Review awarded Moldova Agroindbank the title of the Best Commercial Bank in Moldova. Over the past two years, MAIB also became the winner of the national contest Best Trade Mark in the category Socially Responsible Bank.
American Express:
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Since 1997, American Express has partnered with a select group of leading banks and financial institutions around the world to issue American Express-branded products and acquire merchants on to the American Express merchant network. By leveraging its partnerships, global infrastructure and the powerful appeal of its brand, American Express has gained even broader reach for its network worldwide.

MAIB

With its 24-year-long experience, Moldova Agroindbank strongly keeps its leading position on Moldova’s banking market. Moldova Agroindbank is an innovative bank providing hi-tech financial services to all customer segments, individuals and legal entities, operating in most sectors of the national economy. The institution provides the widest range of banking services and products in Moldova.