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Operations Office of MDM Bank opened in Krasnodar

19.09.2007 17:57

Moscow, 19 September 2007 – MDM Bank has opened an operations office in Krasnodar, becoming the 62nd Russian city where MDM Bank is represented.

The new office offers individual clients a broad range of retail banking services: ruble and foreign currency accounts, credit cards, auto lending, and mortgage loans.

Cash and settlement services, lending and investment support for businesses, corporate financing and financial consulting, as well as security and asset management are to be provided by highly qualified and efficient personnel.

The new office opened pursuant to MDM Bank’s regional development strategy. Mr. Denis Falko was appointed as the general manager of the office.

The Chairman of the Management Board of MDM Bank, Mr. Michel Perhirin, stated: “We believe in the high economic potential of the Krasnodar region and intend to actively develop MDM Bank’s business there. We are confident that via our full product range and adaptive approach, MDM Bank’s products and services will receive strong demand among the businesses and people of the Krasnodar region, and through the work experience and qualifications of our personnel, we will help support the welfare of the regional economy and secure further growth of the standard of living of its people”.

 


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). MDM Bank is one of the most dynamically developing banks in Russia and is among the top Russian banks according to net worth and asset ownership. 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+). In October 2006, Standard and Poor’s awarded MDM Bank first place in its study of ‘Transparency and Disclosure by Russian banks’. The Bank was also regarded by Euromoney magazine as “one of the leading banks in Russia and Emerging Europe, applying the most advanced standards of corporate governance.”
MDM Bank has received a number of awards from Global Finance magazine: 2005 – ‘Best Domestic Bank’ and ‘Editor’s Special Award for Transparency’. 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 ‘Leading Bank in Corporate Governance in Emerging Europe’. 2007 – ‘Corporate Governance Editor’s Award’, and ‘Best Forex Bank’.

Inquiries:

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


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20.09.2007 20:27

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