MDM-Bank to support small business in Russia in the global crisis

At a meeting to the MB! Under the motto of working at MDM Bank. December 9, 2008 meeting Russian Prime Minister Vladimir Putin and Chairman of the Board of Directors of MDM - Bank - Oleg Vyugin. Member of the Board stated its intention to continue to lend to MB, but the lending of large and medium-sized companies while sailing for second place. The fact is that, explained Mr. Vyugin, due to MB increases loan portfolio. "We admit that some SMEs are not able to timely pay the debt, but, nevertheless, we are approaching a MB, so he developed successfully in the global financial crisis." Vyugin also said: "The bank now spends a lot of work to understand what has changed from our borrowers. We now consider how the company is prepared to restructure, adapt to changing conditions. And if she is quite ready - we are prolonging the credit, that is the main work - a reassessment of risks, and credit extension. " Today the bank provides up to 300 million rubles a week on credit for small businesses. At a meeting with the Prime Minister Chairman of the Board of Directors Mr. Vyugin said about the intention to reunite the MDM-Bank and URSA Bank. Such a combination will create a bank, ranked fourth in Russia in terms of capital.