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MDM Bank’s Ruble and Euro Bond Analysts Win Recognition at CBonds Awards 2007

11.12.2007 15:02

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.

Cbonds news agency and the MICEX stock exchange organized the ceremony, which was held last week at the Russian Bond Congress 2007. Cbonds General Director Sergey Lyalin presented awards to MDM Bank’s Director of Bond Market Research Mikhail Galkin.

Cbonds Awards is an annual contest for bond market professionals. Market participants select the best teams of analysts, the most successful traders and the best issuers of debt securities via Internet voting on the Cbonds website, which ensures maximum objectivity.

MDM Bank Deputy Chairman of the Management Committee for Corporate and Investment Banking Sergey Babayan commented: “We are pleased with the high assessment of our work. At the end of 2006, MDM Bank put together a strong team of bond market analysts that has raised the quality of our analytical products to a new level.”

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). It 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 2006 and 2007, Standard & Poor’s awarded MDM Bank the highest ranking in its study of ‘Transparency and Disclosure by Russian banks’.
The Bank in October 2006 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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17.12.2007 17:10

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