OREANDA-NEWS. January 24, 2012. MDM Bank completed the coupon payment for the ninth coupon of its seventh series bonds. The total payment was RUB 254.16 mln. Holders of the seventh series bonds received income of RUB 58.59 per bond.

The issue (state registration number 40700323В of 20.04.2007) has a total nominal value of RUB 5 bln, and was placed on 17 April 2008 for the term of five years.

MDM Bank was founded in 1990 and was one of the first privately-owned banks in Russia. Over the last 20 years the Bank has gained the loyalty of millions of retail and corporate customers. When measured by capital, assets and deposits, MDM Bank is one of the largest banks in Russia.

MDM Bank’s shareholders include leading international financial institutions such as International Finance Corporation, the European Bank for Reconstruction and Development and DEG, as well as some of the largest investment companies in Russia and the CIS, such as Russia Partners (Siguler Guff & Company) and Troika Capital Partners.

Today MDM Bank is a dynamic financial institution actively participating in the development of the Russian economy and financial system. The Bank operates over 320 offices in 163 cities and towns in the European part of Russia, the Urals, Siberia and the Russian Far East. MDM Bank provides a wide range of services to around 3 mn individuals and over 15,000 corporate and SME customers. MDM Bank has a representative office in Beijing.

MDM Bank’s long-term strategy rests on a customer-centric business development model. The drive to fully understand its customers and their needs allows the Bank’s management to efficiently manage risks and create an environment conducive for long-term, mutually beneficial partnerships.