All agreed loans

Russia. MDM Bank

Date of loan: 7 Feb 2007
Country: Russia
Customer: MDM Bank
Amount in EUR: EUR 30 million
Maturity: 7 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs

Project

The 7-year-maturity loan programme totalling EUR 30 million is aimed at financing MDM Bank's onlending to projects of mutual interest to NIB and MDM Bank. Founded in 1993, MDM Bank one of the largest banks in Russia in terms of assets and equity. MDM Bank is set to deploy the best international practices in its corporate governance, including the creation of a simple and transparent legal structure and the delineation of ownership and management functions.

Sustainability summary

MDM Bank is in the process of developing an environmental policy and procedures. The implementation of the environmental procedures will strengthen MDM Bank's capacity to evaluate subprojects' compliance with national laws and regulations.