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MDM Bank’s interim financial results and analysis of the impact of the global volatility on the Russian banking sector

29.08.2007 19:31

Moscow, 29 August 2007 - MDM Bank will hold its interim financial results conference call on Friday, 31 August 2007, at 5pm Moscow time (2pm London Time, 9am New York time).

MDM management will discuss the Bank’s financial results and performance for the six-month period ended June 30, 2007, as well as the assessment of the impact of global market volatility on the Russian banking sector.



MDM Bank was founded in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 13 February 2003). It is one of the most profitable banks in Russia. Today, MDM Bank is a modern universal financial institution offering a full range of services to its clients. MDM has one of the highest credit ratings among privately-owned Russian banks: Standard & Poor’s (BB, stable), Fitch Ratings (BB-, positive) and Moody’s (Ba1, stable), and is the only Russian financial organization that has been given a public corporate governance rating by Standard & Poor’s (6+). The magazine Global Finance named MDM Bank “Best Domestic Bank” in 2005 and has also awarded it the “Editor’s Special Award for Transparency.” Global Finance named MDM Bank the Best Bank in Russia in four Categories for 2006: Best Forex Bank, Best Domestic Bank, Best Domestic M&A Arranger, and Best Bank in Corporate Governance. In October 2006, Euromoney magazine awarded MDM Bank “A Leading Bank in Corporate Governance in Emerging Europe”. Global Finance also named MDM Bank “Russia’s Best Foreign Exchange Bank” in 2007 and has again awarded it the “Corporate Governance Editors Award”. MDM Bank achieved the top ranking in the Standard and Poor’s Transparency and Disclosure Survey by Russian Banks in 2006. It has also been awarded with the magazine “Euromoney” diploma as one of the leading banks in Russia and Emerging Europe, applying the most advanced standards of corporate governance.

Inquiries:

Investor Relations: +7 495 221 30 75
Public Relations: +7 495 363 27 41

 


05.09.2007 13:20

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