OREANDA-NEWS. September 20, 2007. MDM Bank has opened an operations office in Krasnodar, becoming the 62nd Russian city where MDM Bank is represented.

The new office offers individual clients a broad range of retail banking services: ruble and foreign currency accounts, credit cards, auto lending, and mortgage loans.

Cash and settlement services, lending and investment support for businesses, corporate financing and financial consulting, as well as security and asset management are to be provided by highly qualified and efficient personnel.

The new office opened pursuant to MDM Bank’s regional development strategy. Mr. Denis Falko was appointed as the general manager of the office.

The Chairman of the Management Board of MDM Bank, Mr. Michel Perhirin, stated: “We believe in the high economic potential of the Krasnodar region and intend to actively develop MDM Bank’s business there. We are confident that via our full product range and adaptive approach, MDM Bank’s products and services will receive strong demand among the businesses and people of the Krasnodar region, and through the work experience and qualifications of our personnel, we will help support the welfare of the regional economy and secure further growth of the standard of living of its people”.