7 Feb 2020
EUR 9.46 million
Energy and water
|Date of agreement:||7 Feb 2007|
|Amount in EUR:||EUR 30 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
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.
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.