Company Information

Get to know MDM Bank

Founded in 1993, MDM Bank grew to become one of Russia's largest and most reputable private financial institutions. It operated as a universal bank, offering a comprehensive suite of services to corporate clients, small and medium-sized enterprises (SMEs), and retail customers. Its operations included lending, deposit-taking, payment services, investment banking, and private banking. In 2016, in a major consolidation within the Russian banking sector, MDM Bank merged with B&N Bank (Binbank). The combined entity continued under the B&N Bank brand, which was subsequently bailed out by the Russian Central Bank in 2017 and fully integrated into Otkritie Financial Corporation Bank.

Industry

Financial BankingPRIMARY
Financial Insurance
Financial Other Service

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MDM Bank

N/A

Founded in

1990 (36 Years)

Founded

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.