MDM Bank - Wikipedia, the free encyclopedia
MDM Bank (Russian: Московский Деловой Мир (МДМ) Банк), literally meaning "Moscow Business World Bank" in English, is a Russian Joint Stock commercial bank, one of Russia's largest private banks based in Novosibirsk. As of August 2009, the bank completed a merger with Novosibirsk-based URSA Bank. The new bank will operate under MDM Bank brand name as an Open Joint Stock Company, but the merger is actually structured as an acquisition of MDM by URSA. The new corporate headquarters will be based in Novosibirsk. The merger was announced in December 2008;[1] MDM and URSA estimated that the new MDM Bank would have capital of US$2.5 billion and total assets of US$18.7 billion, although in practise the numbers ended up being somewhat lower.[2]
The MDM Bank was founded in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 13 February 2003, which will be voided as the bank migrates under URSA Bank license #323).[3] It had one of the highest credit rating
MDM Bank - Wikipedia, the free encyclopedia
MDM Bank (Russian: Московский Деловой Мир (МДМ) Банк), literally meaning "Moscow Business World Bank" in English, is a Russian Joint Stock commercial bank, one of Russia's largest private banks based in Novosibirsk. As of August 2009, the bank completed a merger with Novosibirsk-based URSA Bank. The new bank will operate under MDM Bank brand name as an Open Joint Stock Company, but the merger is actually structured as an acquisition of MDM by URSA. The new corporate headquarte
rs will be based in Novosibirsk. The merger was announced in December 2008;[1] MDM and URSA estimated that the new MDM Bank would have capital of US$2.5 billion and total assets of US$18.7 billion, although in practise the numbers ended up being somewhat lower.[2]
The MDM Bank was founded in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 13 February 2003, which will be voided as the bank migrates under URSA Bank license #323).[3] It had one of the highest credit rating