The recently united MDM Bank produced its first report (drawn up in accordance with the Russian Accounting Standards). According to this report, the bank’s own funds come to 58.5 billion RUR, thus making it Russia’s seventh largest bank (under the Interfax-CEA rating). MDM Bank is also the country’s eleventh largest bank in terms of net asset volume (this comes to 394 billion RUR).

‘The merger of URSA Bank with MDM Bank resulted in the creation of one of the country’s largest private banks,’ the company’s press service reports.

MDM Bank offers its customers the entire range of existing banking products and services through offices in over fifty-eight Russian constituencies (which stands for 70% of the country’s territory). The bank runs over 370 outlets in 160 Russian cities as well as in Great Britain, Kazakhstan, the Czech Republic, and China. In fact, MDM Bank was rated Russia’s sixth most subsidiary-wise extended bank by RBC.