MDM Bank grows fastest

Interfax-Center for Economic Analysis (Interfax-CEA) came up with a ranking of Russia’s best developing banks in the nine months of 2009. According to this ranking, MDM Bank proved one of the country’s fastest-growing credit organizations, the bank’s press officer reports.

MDM Bank’s assets have increased by 81% since the beginning of the year; this has been the greatest figure among Russia’s Top 20 banks since January 2009. At the same time, the increase in the total assets of Russia’s 100 largest banks only amounted to .1% in the three quarters of 2009.

MDM Bank was the first on the list of the country’s Top 20 Banks in terms of capital gain dynamics. The bank’s capital grew by 171.5% in January-September 2009, while the capital of Russia’s 100 largest banks increased by only 23.7% in three quarters of 2009.

Then, the bank topped the private investment rating, as the volume of its private individuals’ deposits has gone up by 108.1% since the beginning of 2009.

The company was also rated Russia’s 12th largest bank and third largest among non-state Russian banks (non-members of international financial groups) in terms of asset volume, Russia’s second largest bank and 8th largest among non-state Russian banks (non-members of international financial groups) in terms of capital, Russia’s second largest bank and 7th largest among non-state Russian banks (non-members of international financial groups) in terms of retail loans, and Russia’s No. 1 and 7th largest among non-state Russian banks (non-members of international financial groups) in terms of retail deposits.

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