History

The head office of Nomos is located in Moscow where the bank was founded in 1993. Since inception, Nomos has grown both organically and by acquisition and has emerged as a long-term winner and sector consolidator in the Russian banking market.

Nomos was incorporated as a privately-owned bank and granted a banking licence in 1992 and initially conducted its banking operations primarily in Moscow. In 1996, Nomos started to diversify its operations from corporate lending to other types of banking activities such as securities and money markets operations, including trading activities on MICEX, precious metals operations, and finally into retail banking. In 1999, Nomos commenced its regional expansion strategy by opening its first branch in Novosibirsk, which was followed by the opening of branches in other regions across Russia.

In 2007, Nomos’ shareholders signed a memorandum of understanding to form a strategic partnership with PPF Group, a large privately-owned financial services group based in the Czech Republic. Currently the historic Russian shareholders control a 51% stake in Nomos and PPF Group controls 29% of voting stock. All shareholders are fully committed to the development of the bank and focused on value creation.

Over the years, Nomos has made a number of acquisitions to enhance its operations:

  • In 2005, Nomos purchased a controlling stake in Regiobank as part of its strategy to develop a branch network in the Far East region of Russia
  • Since 2008, Nomos has acquired the assets and liabilities of distressed Russian banks in cooperation with the Russian Deposit Insurance Agency (DIA) including Commercial Bank Moskovsky Capital and VEFK Siberia Bank
  • In September 2010, with a view to expanding its banking operations in West Siberia, Nomos announced its intention to purchase a controlling stake in Bank of Khanty-Mansiysk (BKM), one of the largest domestic regional banks. After receipt of all the necessary regulatory approvals, Nomos consolidated its 51.3% stake in BKM in mid-December 2010 — its largest acquisition to date

By January 2011 Nomos’ regional network comprised 300 branches and outlets throughout Russia. Today Nomos’ comprehensive geographical footprint covers Russia’s most wealthy cities and regions, with a strong focus on Moscow, St Petersburg, Khanty-Mansiysk, Novosibirsk and Khabarovsk, providing the business with a solid platform for future growth.

Over the last decade, Nomos has established a successful operational and financial track record, maintaining growth throughout the different stages of the economic cycle. This stable and profitable organic growth combined with management’s proven M&A execution capabilities have elevated Nomos to the position of second largest Russian privately-owned Bank by the end of 1Q 2011 1.

1 Taking into account its current subsidiaries including Bank of Khanty-Mansiysk. Excluding state-owned and foreign-owned banks. According to Interfax—100 end—1 Q 2011 ranking, based on RAS assets.