MDM Bank Recognized by the Interbank Association of Precious Metals Dealers
05.12.2007 15:21
MDM Bank won third place in the category Best Russian Bank for 2007 at the Third Annual Precious Metals Market Professionals Competition organized by the Interbank Association of Precious Metals Dealers with the support of the RTS stock exchange. MDM Bank Precious Metals Division Senior Dealer Anton Dranitsyn received honorable mention, “For contributions to the development of the Russian precious metals market.”
MDM Bank is among the top five players on the Russian precious metals market, and holds leading positions in interbank trading and import-export operations with precious metals. Based on preliminary estimates, MDM Bank will have acquired over 12 tons of gold and over 100 tons of silver in 2007.
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’.
Inquiries:
Investor Relations Public Relations
+7 495 221 30 75 +7 495 363 27 41
11.12.2007 15:32
