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MDM Bank Named "Best Managed Bank in Corporate and Investment Banking – 2007" by Euromoney Magazine

30.05.2008 19:08

Moscow, 30 May 2008 – Euromoney magazine has named MDM Bank the Best Managed Bank in Corporate and Investment Banking in Central and Eastern Europe – 2007.

The award was granted following Euromoney’s annual survey of European banking experts as part of the magazine’s Best Companies in Central and Eastern Europe research. This is the first time that an award for best management in corporate and investment banking has been granted.

The criteria applied by Euromoney in determining MDM Bank’s first place showing were: consistency and confidence in implementing strategy, success in operational management, transparency in financial reporting, high corporate governance standards, as well as transparency for investors and financial analysts.

MDM Bank is the only Russian Bank among financial institutions in Central and Eastern Europe awarded in this nomination. Among the other award recipients are: OTP Bank, Hungary; BRD – Group SocGen, Romania; and Erste Bank, Croatia.

MDM Bank CEO Michel Perhirin said: “As a universal bank, MDM Bank pays close attention to the development of corporate and investment banking, and quality management plays a key role in this business. In 2007, the Bank merged the corporate and investment banking units to create a single point of access for the Bank’s clients to receive comprehensive, high-quality service. I believe that our clients will recognize the advantages of this approach, and this award will not be the last.”



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