OREANDA-NEWS. As part of its business development strategy and to support future loan growth, MDM Bank has received the first tranche of a subordinated loan in the amount of RUB 3 billion.

The subordinated loan with a five-year tenor was provided to the Bank by its majority shareholder.

"The Bank has approved a major capital-raising programme, including the OFZ programme, raising subordinated loans and other similar instruments," commented MDM Bank's CFO Oleg Andriyankin.

The Bank has received approval from the Central Bank of Russia to include the subordinated loan in its Tier 2 capital.