{{Infobox company | name = MDM-Bank (MDM Bank) | image = 2005-FormerMDM.JPG | image_caption = <small>MDM-Bank headquarters in Moscow (2005–2009)</small> | founded = 1993 | defunct = 2009 | fate = Merged with URSA Bank | successor = MDM Bank (2009–2016) | hq_location = Moscow, Russia (with branches nationwide) | key_people = Andrey Melnichenko (co-founder),<br>Sergey Popov,<br>Vladimir Rashevsky,<br>Michel Perhirin | industry = Banking, Financial services | num_employees = 4,800 (2007) }}
'''MDM-Bank''' (Russian: ОАО «МДМ-Банк», abbreviation for "Moscow Business World", later "Interregional Business World") was a major Russian commercial bank that operated from 1993 till 2009.
In August 2009, MDM-Bank was liquidated following its merger with URSA Bank, with the combined entity being renamed MDM Bank (2009–2016) (without hyphen). The bank was registered in Novosibirsk with regional headquarters in Moscow, Yekaterinburg, and Novosibirsk.<ref>[http://www.mdm.ru/folders/3709 Service locations of merged MDM Bank]{{Dead link|date=July 2018|bot=InternetArchiveBot}}</ref> It was a participant in Russia's Deposit Insurance System under number 17.
== History == thumb|right|MDM-Bank headquarters in Moscow (2002) The bank was founded in 1993 by Andrey Melnichenko, Mikhail Kuznetsov, and Yevgeny Ishchenko. It received its banking license on 1 June 1993.<ref>[http://www.cbr.ru/credit/coinfo.asp?id=450000404 MDM-Bank information] {{webarchive|url=https://web.archive.org/web/20100921160844/http://www.cbr.ru/credit/coinfo.asp?id=450000404}}, Central Bank of Russia.</ref>
In 2000, the bank became part of MDM Industrial Group and MDM Financial Group.
The magazine Global Finance recognized MDM-Bank as the '''best bank in Russia''' in 2006 for: * Corporate governance * Foreign exchange operations * Best Eurobond arranger in the Russian market * Best M&A advisor in the Russian market
In October 2006, MDM-Bank ranked first in Standard & Poor's transparency rating for Russian banks and received a diploma from ''Euromoney'' magazine as one of Russia's leading banks applying advanced corporate governance standards.
In 2007, MDM-Bank maintained some of the highest credit ratings among Russian private banks: * Standard & Poor's (BB−, stable outlook) * Fitch Ratings (BB−, positive outlook; A+ rus) * Moody's (Ba1 NP/D, stable outlook) It was the only Russian financial institution with a public corporate governance rating from S&P (6+).<ref>Michel Perhirin, Chairman of MDM-Bank, spoke at Banking on Russia conference in London. Press release. 4 June 2007.</ref>
In late 2007, the IFC provided MDM-Bank with a $100 million loan for SME lending and $100 million capital investment.<ref>[https://www.kommersant.ru/doc/741742 IFC to invest $200 million in MDM-Bank]. ''Kommersant'' No. 21, 12 February 2007, p. 15.</ref>
=== Merger and liquidation === On 3 December 2008, shareholders of MDM-Bank and URSA Bank announced plans to merge, creating one of Russia's leading private universal banks.<ref>{{Cite web |url=http://www.mdmbank.ru/mdmursa |title=Press release on official website |access-date=2010-09-30 |archive-url=https://web.archive.org/web/20091008084958/http://www.mdmbank.ru/mdmursa |archive-date=2009-10-08 |url-status=dead }}</ref> The merger was completed on 10 August 2009. Prior to the merger, MDM Bank maintained strong credit ratings.<ref>[http://www.standardandpoors.ru/article.php?pubid=5145&sec=sm MDM Bank credit rating rationale (April 2009)]</ref>
On 7 August 2009, following the merger, MDM Bank was liquidated by the Central Bank of Russia.<ref>Credit organization registration canceled by Central Bank of Russia under document No. 2095400028942 dated 06.08.2009.</ref>
The merged entity was named MDM Bank (without hyphen), which itself was liquidated in 2016 after merging with Binbank.<ref>{{cite web|url=http://kommersant.ru/doc/3148285|title=Binbank and MDM Bank complete merger|publisher=Kommersant|date=2016-11-16|access-date=2020-03-09|archive-date=2021-06-25|archive-url=https://web.archive.org/web/20210625060652/https://www.kommersant.ru/doc/3148285|url-status=live}}</ref>
== Management == thumb|Vladimir Rashevsky, head of MDM-Bank (2003) thumb|MDM-Bank branch in Moscow (2007) Key executives included: * Andrey Melnichenko (1993–2001) - Chairman<ref>[https://www.forbes.ru/profile/andrei-melnichenko Biography] {{webarchive|url=https://web.archive.org/web/20191230230420/https://www.forbes.ru/profile/andrei-melnichenko}} on Forbes.ru</ref> * Vladimir Rashevsky (2001–2004) - Chairman<ref>Biography of [https://www.bfm.ru/person/8315 V.V. Rashevsky] {{webarchive|url=https://web.archive.org/web/20200228205738/https://www.bfm.ru/person/8315}} on BFM.RU</ref> * Andrey Savelyev (2004–2005)<ref>[https://www.kommersant.ru/doc/632090 Andrey Savelyev leaves MDM-Bank] {{webarchive|url=https://web.archive.org/web/20200301110217/https://www.kommersant.ru/doc/632090}} - ''Kommersant'' No. 227, 2 December 2005, p. 13.</ref> * Michel Perhirin (2005–2008), former Raiffeisenbank executive<ref>[https://apn-nn.com/news/predsedatelem-pravleniya-mdm-banka-naznachen-mishel-periren/ Michel Perhirin appointed Chairman]</ref> * Igor Kuzin (2008–2009) - Last Chairman<ref>[https://www.banki.ru/news/lenta/?id=665504 Igor Kuzin to head MDM-Bank] {{webarchive|url=https://web.archive.org/web/20170305023631/https://www.banki.ru/news/lenta/?id=665504}}, Banki.ru, 6 October 2008</ref>
== Notable employees == * Bronislav Yermak (1970–2009) - Head of Forex operations * Alexander Mamut - Board member * Konstantin Malofeev - Head of Corporate Finance * Slava Rabinovich (1966–2022) - Manager of MCM Capital Advisors
== References == {{Reflist}}
== External links == {{commons category}} * [http://www.cbr.ru/credit/coinfo.asp?id=450000404 Bank information] at Central Bank of Russia * [https://www.banki.ru/banks/memory/bank/?id=1405099 MDM-Bank memorial page] at Banki.ru
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Category:Banks disestablished in 2009 Category:Defunct banks of Russia Category:Companies based in Moscow Category:Financial services companies established in 1993