Binbank PAO, formerly MDM Bank PAO, is a Russia-based company, which is primarily focused on the financial services industry. The Company operates as a commercial bank and provides services for individual and corporate clients. Its offerings for individual clients include deposits, credit cards issuing, money transfers, depositary cells, consumer loans, mortgages, utility payments, online banking, insurance, among others. The Company's corporate products portfolio includes corporate loans, online banking, merchant acquiring, payroll services, factoring, leasing, securities dealing, settlement and cash services, among others. In addition, the Company offers a wide range of services for financial institutions, such as financial markets operations, international cards transactions and debt funding, among others. It is a subsidiary of Central Bank of Russian Federation.
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