Corporate Profile

Since the very dawn of the railroad era, Russia has had a broader railway gauge compared to the West European standard. Which one is better is a moot point. The key thing is they differ. For trains to travel east to west and back, their wheel axles have to be swapped at the border.
Business is just like that, too. Entrenched traditions and sometimes prejudice, coupled with differences in mental attitudes and work environment may impede the development of a constructive and productive dialogue between the East and the West. How can we link the rail track of business?
Only by reducing diverging standards and issues to a common solution with due regard to the interests of all parties involved, based on trust and mutual benefit. That has been the mission of NOMOS-BANK, for over 16 years now.

NOMOS-BANK is one of the leading universal private banks in Russia.

During the last several years NOMOS successfully kept its place among the top ten largest privately owned Russian financial institutions according to asset size. Today NOMOS-BANK is ranked as the 5th largest Russian privately owned bank in terms of assets Excluding state-owned and foreign-owned banks. According to Interfax—100 Q3—2009 ranking. The Bank has a sound and growing client base of over 29 thousand corporate customers and over 280 thousand retail clients. NOMOS is a strong player in corporate lending and precious metals markets. The Bank is among the three largest gold and silver traders in Russia.

NOMOS-BANK’s head office is located in Moscow. The Bank’s network consists of 24 full-scale branches in the regions and a subsidiary bank (Regiobank) in the Far East of Russia with another 4 branches. Additionally NOMOS-BANK has over 80 remote offices located in the regions and around the Bank’s branches.

According to the official reviewed H1 2009 IFRS Report NOMOS’ total assets have increased by 8.64% up to RUB 253.37 billion (circa US$ 8.10 billion Hereinafter all figures recalculated as per official exchange rates set by the Central Bank of Russia as at 30 June 2009 (US$ 1 = RUB 31.2904, ˆ 1 = RUB 43.8191 or EUR 5.78 billion Hereinafter all figures recalculated as per official exchange rates set by the Central Bank of Russia as at 30 June 2009 (US$ 1 = RUB 31.2904, ˆ 1 = RUB 43.8191) comparing to H1 2008. The profit for H1 2009 has reached RUB 3.30 billion (circa US$ 105 million or EUR 75 million) comparing to RUB 2.83 billion as of end H1 2008.

In June 2008, NOMOS placed a new issue of shares increasing the Tier I capital amount by RUB 4.7 billion (circa US$ 200 million or EUR 130 million). In November 2008 NOMOS received a ten-year RUB 5 billion (circa US$ 200 million) subordinated loan from its shareholders following a similar loan from Vnesheconombank (VEB) in the amount of RUB 4.9 billion thus substantially increasing the size of Tier 2 capital.

As a result at end of H1 2009 the total equity of the Bank reached RUB 35.77 billion (close to US$ 1.14 billion or EUR 0.82 billion).

Subsequently, in August 2009 NOMOS also received a new subordinated loan from its shareholders amounting to US$ 260 million thus increasing the Bank’s liquidity cushion and further enhancing the capital base.

Today NOMOS-BANK remains one of the most highly capitalized banks in Russia (with total capital adequacy ratio exceeding 20%).

Additional general details are given in an overview of NOMOS-BANK presented in a video comment to World Finance Magazine in December 2008 by Yuri Lekarev, Head of the International Business Division of NOMOS-BANK.

Highlights

  • Strong player in corporate lending and precious metals market
  • Robust financial performance
  • Cautious growth coupled with expansion strategy
  • Good asset quality
  • Continuing diversification of balance sheet and earnings
  • Stable management
  • Consistent shareholder support
  • Excellent credit history proved through banking crises in 1998 and 2004

NOMOS has been growing ahead of the industry, achieving (as per IFRS H1 2009)

  • Total assets = RUB 253.37 billion (~$8.10 billion or ˆ5.78 billion)
  • Gross loans to customers = RUB 180.33 billion (~$5.76 billion or ˆ4.12 billion)
  • Shareholders’ equity = RUB 35.77 billion (~$1.14 billion or ˆ0.82 billion)
  • Net profit = RUB 3.30 billion (~$105 million or ˆ75 million)

NOMOS-BANK has received long-term international credit ratings of “B+” from Fitch and “Ba3” from Moody’s and domestic credit ratings of “BBB” from RusRating and “AA+” from the National Rating Agency.