Financial Literacy

A core goal of MDM Bank’s corporate social responsibility strategy is to improve the general financial literacy of the population. The program is designed for both individuals and small businesses.

The program includes the following elements:

• Free seminars in conjunction with partner universities on managing personal finances;
• Free seminars on financial literacy for small business owners;
• Producing and broadcasting television programs on the intelligent use of financial services, planning one’s personal budget, etc.;
• Developing a special financial literacy curriculum for schoolchildren.

In 2008, MDM Bank successfully trained 20 teachers from partner universities in Yekaterinburg, Rostov-on-Don, Nizhny Novgorod, Novosibirsk, Khabarovsk and Vladivostok on methods and techniques for teaching financial literacy.

The ‘managing your personal finances’ seminars cover the following topics: banking services, securities, how to choose your investments, pensions, insurance, basics of managing personal finances, how to make a personal financial plan, and assessing individual tax responsibilities. In addition to the theoretical course work, participants take part in practical exercises taught by MDM Bank’s employees.

Seminars are currently being held in Nizhny Novgorod, Rostov-on-Don, Novosibirsk and Yekaterinburg. Additional seminars are planned for the end of October-beginning of November 2008 in Khabarovsk and Vladivostok.

Photos

11.11.2008 20:00