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Igor Kim leaves MDM Bank

23.11.2011. : public
MDM Bank reports that an agreement has been reached that leaves Igor Kim without a stake in the banks capital. The banks BOD Chairman Oleg Vyugin said that the negotiations also resulted in the agreement to sell a 100% shareholding in LTB Bank (MDM Groups former member) to Kim.

The banks Board of Directors and its leading stockholders supported the transaction.