Central Bank of Russia Includes MDM Bank’s Ruble Bonds in its Lombard List
04.10.2007 18:37
Moscow, October 4, 2007 – Today MDM Bank received official notification from the Central Bank of Russia of the decision by its Board of Directors on September 24, 2007 to include MDM Bank’s ruble-denominated bonds, registration number 40102361Â, into the Central Bank’s Lombard list. The change to the Lombard list will become official following the publication of Central Bank’s decision in the Bank of Russia Newsletter in the nearest future. Following this, holders of MDM Bank’s ruble bonds will be able to obtain financing against these bonds from the Central Bank via sale and repurchase transactions on the MICEX stock exchange.
MDM Bank
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 assets and equity. 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, stable) 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 the highest ranking 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’.
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