MDM-Bank was one of Russia's largest private banks originally based in Moscow.

In 2009 it merged with URSA, was renamed and moved to the city of Novosibirsk.

[2] Igor Kim, chairman and shareholder of URSA, became the new bank's chief executive officer during the transition period; Oleg Vyugin chaired the board of the bank's holding company and the former MDM CEO Igor Kuzin became chief executive of the holding company.

[1] URSA Bank was founded in 1990 as Sibakadembank by the Siberian Division of the Russian Academy of Sciences.

[4] In 2017 the newly merged entity required a bailout by the Russian Central Bank.