OAO MDM Bank’s representation was recently opened in the course of a solemn ceremony in Beijing. Over 170 guests were present at the reception held in the Russian Federation Embassy in Beijing, the bank’s friends and partners from the Chinese, Russian, and foreign banks and representatives of China and Russia’s business communities among them.

Russian Minister Counselor to China Evgeniy Tomikhin gave a salutatory speech on behalf of the Russian Federation Embassy. MDM Bank’s delegation was led by the bank’s Deputy General Director Vadim Sorokin.

According to the bank’s representatives, the decision to set up MDM Bank’s representation in China was a logical step on the way of the bank’s thriving cooperation with the Chinese financial institutions. The application for the introduction of an office was approved of by China Banking Regulatory Commission after some thorough consideration.

Thanks to a new office in Beijing, the bank can now offer its customers exclusive products and great quality services as well as promote inter-bank and financial cooperation in the area.