NOMOS-BANK’s IFRS assets grow to 199 milliard Roubles, net profit increases to 3.44 milliard Roubles
Based on 2007 year-end figures, NOMOS-BANK’s assets (in accordance with IFRS) grew by 81.7% to 199 milliard Roubles. NOMOS-BANK’s net profit over the same period of time increased by 59% to 3.44 milliard Roubles.
Client loans accounted for the bulk (more than 65%) of the increase in the structure of assets. In comparison with 2006, that indicator rose by 58.5 milliard Roubles to 132.2 milliard Roubles.
As of the year’s end, NOMOS-BANK’s own capital grew by 59% to 24.5 milliard Roubles. The increase in capital was achieved primarily due to the placement of an additional issue in December 2007, following which the Bank’s own capital grew by 4.5 milliard Roubles.
The expansion of regional presence became an important factor securing dynamic growth of the Bank’s key performance indices in 2007, — noted NOMOS-BANK’s President Dmitriy Sokolov. — The opening of new branches and offices in large regional centres has helped to significantly increase the number of the Bank’s clients and to deepen industry diversification.
Another important reason, in his opinion, was the implementation of an effective marketing policy: a recent segmentation of the client base allowed working out products that most fully meet customers’ expectations and building the appropriate system for their promoting.
In the future, NOMOS BANK will continue to develop as a universal network Bank focusing on servicing corporate business, giving priority to medium business clients and simultaneously developing retail products and services portfolio, — said Dmitriy Sokolov.
Among priority products that NOMOS-BANK will be actively offering its corporate clients, Dmitriy Sokolov named credit products, project finance, leasing, factoring, mergers and acquisitions deals finance, small and medium business lending programmes, structured and deposit products. The Bank’s work with retail customers will focus on such products as mortgages, deposits, and bankcards.
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NOMOS-BANK is a universal network bank with branches in all largest Russian cities. The Bank energetically develops four key segments of its business: corporate and investment business, private banking, as well as retail services.It is a TOP-15 Russian bank in terms of assets, is one of the most rapidly growing commercial banks in Russia.