NOMOS-BANK to open branch in Ufa

NOMOS-BANK will open a branch in Ufa pursuant to a decision taken by the Bank’s Supervisory Board in June.

This decision goes in line with the strategy of NOMOS-BANK’s development as a universal network credit and finance institution focusing on the provision of differentiated services to corporate business in parallel with promoting retail services and products.

Under this strategy, the Bank plans to significantly expand its regional network this year. NOMOS-BANK’s branch network currently comprises 18 branches and 25 supplementary offices. In particular, 20 branches will be opened in such cities as Arkhangelsk, Barnaul, Vologda, Kazan, Kaliningrad, Kaluga, Kemerovo, Kirov, Krasnodar, Krasnoyarsk, Ulyanovsk, Murmansk, Orenburg, Penza, Ryazan, Tver, Tomsk, Tyumen, Ufa, Vladivostok. The Bank plans to set up 6 operational offices in Belgorod, Kursk, Lipetsk, Cheboksary, Tikhvin and Stariy Oskol, as well as 20 supplementary offices in Bratsk, Angarsk, Rybinsk, Volzhsk, Sochi, Syzran, Cherepovets, Magnitogorsk, Nizhny Tagil, Biysk, Novokuznetsk, Mytischi, Chimki, Odintsovo, Podolsk, Lyubertsy, Noginsk, Kolomna, Sergiyev Posad, and Klin.

“In choosing the region for opening a new Bank’s branch, we take into consideration its economic potential, as well as current and future demand for banking products”, said NOMOS-BANK’s President Dmitry Sokolov. The establishing of a new branch in Ufa will allow NOMOS-BANK to make another step toward closer relations with mid-size corporate business, which has always been our priority client group, as well as with small business and individual customers whose share in our loan portfolio is constantly on the rise.

NOMOS-BANK’s branch in Ufa will offer a full range of services: products for corporate and retail customers, investment services and private banking.

The Bank provides a broad spectrum of credit products for corporate clients and specialized small business lending programmes, leasing and factoring services. NOMOS-BANK also holds strong positions in project finance and arrangement of funding from international capital markets, as well as organization of merger and acquisitions deals. The active development of the economy in the region is conducive to high demand for retail banking products: mortgages, bankcards, and deposits representing the Bank’s new deposit line introduced in May 2008, the bank said.