- Full official name: MDM Bank, Open Joint Stock Company
- Short official name: MDM Bank
- Official website: www.mdm.ru
MDM Bank was founded in 1990 and was one of the first privately-owned banks in Russia. Over the last 20 years the Bank has gained the loyalty of millions of retail and corporate customers. Measured by capital, assets and deposits, MDM Bank is amongst the largest banks in Russia.
MDM Bank’s shareholders include leading international financial institutions such as the International Finance Corporation, the European Bank for Reconstruction and Development and DEG as well as a number of private equity investors.
Today MDM Bank is a dynamic financial institution actively participating in the development of the Russian economy and financial system. The Bank operates 217 offices in 110 cities and towns in the European part of Russia, the Urals, Siberia and the Russian Far East. MDM Bank provides a wide range of services to around 3.5 mn individuals and over 70,000 corporate and SME customers. MDM Bank has a representative office in Beijing.
MDM Bank’s long-term strategy rests on a customer-centric business development model. The drive to fully understand its customers and their needs allows the Bank’s management to efficiently manage risks and create an environment conducive to long-term, mutually beneficial partnerships.
MDM Bank has credit ratings from both international (Standard & Poor’s and Moody’s) and local (National Rating Agency) rating agencies, which are in line with its peers.
Global Finance recognized the achievements of MDM Bank’s fixed income research team with its Best Domestic Bond Research award in 2008.
Global Finance named MDM Bank’s auto-loan securitization by Taganka Car Loan Finance as the Best Structured Finance Deal in Eastern Europe. MDM Bank has been rated as the Best Foreign Exchange Bank and won the Corporate Governance Editors Award in 2007.