NOMOS-BANK increases retail deposit portfolio by 10%

NOMOS-BANK’s retail deposit portfolio grew in 2009 by 10% to 41.47 milliard Roubles. The increase in account balances has been facilitated by the availability of a wide deposit line and excellent terms of retail deposits.

The retail loan portfolio shrank by 10% — to 12.83 milliard Roubles, which is explained by the Bank’s conservative credit policy during the period of the financial crisis.

“The situation with liquidity and the increased risks have forced the banks to revise the development strategies and lists of priority products, — notes Anna Pankratova, Director of NOMOS-BANK Retail Business Marketing Department. — In 2009, preference was given to deposits and credit cards”.

Over the year, credit card debt (balances) rose more than twice — from 104.5 to 259.6 million Roubles.

The development of remote customer services infrastructure has become another important direction. In 2009, NOMOS-BANK’s ATM network increased by 49% — to 810 ATMs. The Bank’s client base grew by 21% — to 424 thousand retail clients.