OREANDA-NEWS. November 23, 2007. MDM Bank published its consolidated IFRS financial statements for the nine months period ended September 30, 2007, which were reviewed by KPMG. For the nine-month period, MDM Bank reported net attributable profit after taxation in amount of RUR 3,855 million (9 months of 2006: RUR 2,416 million), a 56% increase over the same period last year.

Other highlights included:

• Total assets rose by 28% over YE2006 to RUR 312,096 million (YE 2006: RUR 243,122 million);
• Net revenue increased by 48% to RUR 12,996 million from RUR 8,771 million reported for 9 months of 2006 ;
• Annualized return on average equity increased to 17.5% (for the whole of 2006: 13.0%);
• Cost/Income ratio decreased to 46.8% (for the whole of 2006: 51.5%).

Full text of the financial statements for 3Q 2007 can be found on MDM Bank’s web site.

Please also note that MDM Bank will hold its interim financial results conference call on Monday, 26 November 2007, at 5pm Moscow time (2pm London Time, 9am New York time).

MDM management will discuss the Bank’s financial results and performance for the nine - month period ended 30 September 2007 as well as give an introductory overview of MDM Bank’s updated strategy for 2008-2012.

To register for the webcast and the audio event, please go to the following link http://wcc.webeventservices.com/view/wl/r.htm?e=98552&s=1&k=4559FAC647CF6904BAAF68A02E1238F7&cb=genesys