Global Finance names MDM Bank ‘Best Domestic Bond Research’ for 2007

15.04.2008 18:08

Moscow, 15 April 2008 – MDM Bank is pleased to announce that Global Finance magazine has recognized the Bank as Russia’s best Domestic Bond Research bank for 2008.

Global Finance publishes an annual ranking of Russia’s Best Banks and Companies in various nominations based on a number of criteria, including: market share, profitability, long-term strategy, quality of management and adherence to the best corporate-governance standards.

Since 2005, MDM Bank has been named among the best Russian banks in Global Finance’s rating nominations for Best Domestic Bank, Editor’s Special Award for Transparency, Best Bank on the FOREX Market, Best Arranger of Eurobond Issues on the Russian Market, Best M&A Consultant on the Russian Market as well as for Corporate Governance.

This year, the award for best Domestic Bond Research was bestowed upon MDM Bank’s fixed income research team, which was recognized as the leader among research teams in this market. However, this is not the group’s first success: the Cbonds information agency ranked the Bank’s analysts second in 2007 for Best Domestic Research and Best Eurobonds Market Research in Russia.

Michel Perhirin, CEO of MDM Bank said: “Our analysts performed very well this year. A number of new research products, such as Fixed Income Research: Morning Comment and Fixed Income Research: Market Snapshots by the Numbers, as well as special strategy desknotes, were introduced. According to feedback from the Bank’s clients, these products are very popular and assist them in making informed investment decisions. We are certain that the team, under the direction of Mikhail Galkin, will continue to keep our clients well informed in the future. Indeed, quality research and risk assessment are especially important in constantly changing market conditions.”

MDM Bank was founded in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 31 March 2008). MDM Bank is one of the most dynamically developing banks in Russia and is among the top Russian banks in terms of 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+).
Standard and Poor’s awarded MDM Bank the highest ranking in its study of “Transparency and Disclosure by Russian banks” in 2006 and 2007. 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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16.04.2008 14:25

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