About MDM Bank
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MDM Bank is a leading independent provider of banking services in Russia covering five areas of business: corporate banking, retail banking, investment banking & financial markets, private banking and asset management. Approximately half of Russia's top corporations are MDM Bank clients, while for individual clients and small business banking, MDM Bank provides a network of over 160 full-service offices nationwide and continues to grow rapidly.
MDM Bank was founded in 17 December 1993 and today is one of the four largest private banking groups in Russia. Despite a challenging operating environment, the Bank’s results show that banking in Russia can be a sustainable and profitable business based on financial intermediation between non-related parties.
Our financial strength is underlined by credit ratings: MDM Bank has one of the highest credit ratings among privately-owned Russian banks.
A strong corporate governance program guides all the Bank's operations. We have initiated a range of measures aimed at achieving best practices in international corporate governance, including the creation of a simple and transparent legal structure and the delineation of ownership and management functions. We also issue quarterly financial statements in accordance with International Financial Reporting Standards.
MDM Bank has received a wide range of industry awards and employs about 6,500 people.
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