and insurance founded 1993 headquarters novosibirsk russia products financial services website www.mdmbank.com mdm bank russian 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 practice the numbers ended up being somewhat lower . 2 igor kim chairman and shareholder of ursa has been the new bank s chief executive officer during the transition period ; oleg vyugin chairs the board of the bank s holding company and the former mdm ceo igor kuzin is chief executive of the holding company . 1 on february 15 2012 mdm rehired igor kuzin as ceo . 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 ratings among privately owned russian banks standard & poor s bb stable fitch ratings bb stable and moody s b1 negative and is the only russian financial organization that has been given a public corporate governance rating by standard & poor s 6 . ursa bank was founded in 1990 as sibakadembank by the siberian division of the russian academy of sciences . it was restructured from a privately held bank to a joint stock bank in 1997 . after a series of mergers with local siberian banks in 2006 sibakadembank merged with yekaterinburg based uralvneshtorgbank established 1991 and assumed the new name ursa bank . references edit a b russia s mdm ursa merge as credit crisis deepens . bloomberg . december 3 2008 . archived from the original on 2011 02 12 . retrieved 2009 06 18 . capital from mdm bank ursa merger to reach 2.5 bln . ria novosti . december 3 2008 . archived from the original on 2011 02 12 . retrieved 2009 06 18 . mdm bank egm approves merger with ursa bank . mdm bank . may 8 2009 . archived from the original on 2011 02 12 . retrieved 2009 06 18 . external links edit mdm bank in english ursa bank in english financial information v t e 50 largest banks in russia in terms of net assets in alphabetical order as of december 2014 absolut bank ak bars alfa bank bank of moscow bank saint petersburg b & n bank citibank credit bank of moscow credit europe bank eastern express bank gazprombank globexbank home credit bank ing bank khanty mansiysk bank otkritie mdm bank mosoblbank moscow industrial bank mts bank national bank trust national clearing centre nordea novikombank otkritie fc bank otp bank petrocommerce promsvyazbank raiffeisenbank renaissance credit rosbank rosevrobank rosselkhozbank rossiya rossiyskiy kredit rossiysky capital russian standard bank sberbank smp bank sovcombank sviaz bank tatfondbank transcapitalbank unicredit ural bank for reconstruction and development uralsib v.bank vneshprombank vtb vtb 24 zenit source banki.ru retrieved from https en.wikipedia.org w index.php title mdm bank & oldid 727767810 categories banks of russiahidden categories articles containing russian language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 1 july 2016 at 03 43 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view