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 private bank in terms of assets Excluding state-owned and foreign-owned banks. According to Interfax—100 end—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 25 full-scale branches in the regions, a subsidiary bank (NOMOS-Regiobank) in the Far East of Russia with another 4 branches branches and a subsidiary bank in Novosibirsk (NOMOS-BANK-Siberia). Additionally NOMOS-BANK has over 90 remote offices located in Moscow, as well as in the regions and around the Bank’s branches.

According to the official audited end—2009 IFRS Report NOMOS’ total assets have amounted to RUB 277.11 billion (circa US$ 9.16 billion Hereinafter all figures recalculated as per official exchange rates set by the Central Bank of Russia as at 31 December 2009 (US$ 1 = RUB 30.2442, ˆ 1 = RUB 43.3883 or EUR 6.39 billion Hereinafter all figures recalculated as per official exchange rates set by the Central Bank of Russia as at 31 December 2009 (US$ 1 = RUB 30.2442, ˆ 1 = RUB 43.3883) comparing to RUB 277.80 billion as of end—2008. The profit for end—2009 has reached RUB 4.26 billion (circa US$ 141 million or EUR 98 million) comparing to RUB 3.49 billion as of end end—2008.

In June 2008, NOMOS placed an issue of shares increasing the Tier I capital size by RUB 4.7 billion (circa US$ 200 million or EUR 130 million). Later, 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 increasing the size of Tier 2 capital. Furthermore, in August 2009 NOMOS received a new subordinated loan from its shareholders amounting to US$ 260 million thus again enlarging the Bank’s liquidity cushion and enhancing the capital base.

As a result at end 2009 total equity of the Bank reached RUB 36.61 billion (close to US$ 1.21 billion or EUR 0.84 billion).

Subsequently, in April 2010 NOMOS placed a new subordinated LT2 Eurobond issue amounting to US$ 350 million (see Eurobonds section), proceeds of which were used to repay the US$ 260 million shareholder loan and to further strengthen the Bank’s capitalization.

Today NOMOS-BANK remains one of the most highly capitalized banks in Russia (with total capital adequacy ratio exceeding 22.5%).

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 end—2009 IFRS)

  • Total assets = RUB 277.11 billion (~$9.16 billion or ˆ6.39 billion)
  • Gross loans to customers = RUB 179.68 billion (~$5.94 billion or ˆ4.14 billion)
  • Shareholders’ equity = RUB 36.61 billion (~$1.21 billion or ˆ0.84 billion)
  • Net profit = RUB 4.26 billion (~$141 million or ˆ98 million)

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