MDM Bank released audited International Financial Reporting Standard (IFRS) financial results for 2007. Net attributable profit after taxation for 2007 amounted to RUB 5.5 billion, an increase of 66.1 percent over reported net profit for 2006. Excluding a one-off capital gain booked in Q4 2007, net profit was RUR 5.1 billion, a 53.7 percent y-o-y increase.
MDM Bank won recognition in the categories of ‘Best Analyst on the Ruble Bond Market’ and ‘Best Analyst on the Euro Bond Market’ at the Cbonds Awards 2007 ceremony. MDM Bank’s team of analysts were awarded second place in both categories, ahead of many leading Russian and international investment banks and financial institutions.