MDM Bank EGM Approves Merger with URSA Bank

08.05.2009 22:34

Moscow, 8 May 2009 – Today at an extraordinary general shareholders meeting (EGM) the shareholders of MDM Bank voted to approve the reorganization of MDM Bank though a merger by way of accession of MDM Bank (Open Joint Stock Company) and Bankovsky Holding MDM (Closed Joint Stock Company) into URSA Bank (Open Joint Stock Company). The merger was supported by 100% of MDM Bank’s shareholders.

Following the EGM, the key remaining step to complete the merger is state registration of the transaction by the Central Bank of Russia.

The merged bank will maintain the name MDM Bank and will be registered in Novosibirsk on the basis of URSA Bank’s current legal entity and the general banking license #323.

MDM Bank
Investor Relations
+7 495 221 30 75

Public Relations
+7 495 363 27 41

13.05.2009 13:51

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