Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address

OJSC Nomos Bank (OFCB)

  Print      Mail a friend

Tuesday 29 May, 2012

OJSC Nomos Bank

1st Quarter Results 2012

RNS Number : 2928E
OJSC Nomos Bank
29 May 2012


29 May 2012


NOMOS announces its Q1 2012 financial results


The Supervisory Board of NOMOS Bank on 29 May 2012 approved the Condensed Interim Consolidated Financial Statements in accordance with IFRS as of 31 March 2012 and for the 3 months ended 31 March 2012, including a review of the report by the independent auditor.


Group achievements in the first quarter of 2012


Strong operating performance in all segments


In the first quarter of 2012, Nomos delivered a strong performance with an annualized return on average equity (RoAE) ratio of 20.1%, in line with company guidance (2011: 18.2%). The return on average assets (RoAA) was healthy at 2.4% (2011: 2.0%).


First-quarter combined operating income before provisions for impairments was up 30.9% yoy to RUB 10.7 billion. Net interest income, net fees and commissions and trading income are the key drivers of the Group's revenue generation, comprising respectively 68%, 16% and 13% of Group revenue. The net interest margin was 5.1%, in line with first quarter 2011.


Income from net fees and commissions increased in the first quarter of 2012 by 47.7% yoy to RUB 1.7 billion due to the development of cross-selling and the successful distribution of insurance products. The majority of net fees and commissions income comes from settlements (RUB 0.7 billion), documentary operations (RUB 0.5 billion) and from cash operations (RUB 0.3 billion). The net fees and commissions income earned by the Retail segment in first quarter 2012 increased 102.6% yoy to RUB 0.6 billion, as the Bank continued to focus on distribution of insurance products, foreign currency transactions and payment settlements.


In first quarter 2012 the Bank earned RUB 1.4 billion of net trading income. The Bank fully recovered the securities trading loss of RUB 0.6 billion reported for the full year 2011 and additionally earned RUB 0.9 billion on securities trading in the first quarter of 2012.


Operating expenses were down by 6.3% qoq to RUB 4.6 billion in first quarter 2012. The cost to income ratio (the ratio of operating expenses to operating income before provision for impairment) was 43.0%, in line with company guidance. In addition to day-to-day initiatives to increase productivity, Nomos is pursuing its efforts to restructure the branch network in order to reduce the level of decentralized back office work.


In first quarter of 2012, Nomos delivered good profitability and contributed to creating shareholder value. Nomos' net profit was RUB 4.0 billion, of which RUB 3.2 billion is attributable to Nomos Bank shareholders. Earnings per share for the first quarter 2012 was RUB 34.82. Earnings per Global Depositary Receipt (GDR) was USD 0.6 based on an exchange rate at 31 March 2012 of 29.3 RUB/USD.


In first quarter 2012 the Group's total assets were RUB 670.3 billion. Customer loans were stable at RUB 450.1 billion representing 67.2% of the total assets.


Total net customer loans grew by 0.5% qoq; adjusting for movements in exchange rates the net customer loan portfolio increased by 3.0% with strong growth in retail and corporate segments. The retail loan book grew 6.6% qoq to RUB 61.9 billion. The corporate loan book grew 2.2% qoq to RUB 327.9 billion; adjusting for movements in exchange rates the corporate loan portfolio growth would be up approximately 2.9% to RUB 337.3 billion. The small business loan portfolio increased 1.9% qoq to RUB 30.5 billion. Repo loans went down by 23.6% qoq to RUB 29.8 billion.


The cost of risk was stable at 0.8%. The ratio of loan loss provisions to gross loans declined to 4.1% in first quarter 2012 versus 4.4% at the end of 2011. The non-performing loans (NPLs: loans overdue more than 90 days) coverage ratio decreased from 212.7% at the end of 2011 to 164.0% at the end of first quarter 2012 reflecting the migration of two loans into the NPL category. This migration had no impact on the quarterly profitability of NOMOS as the loans were adequately provisioned in Q4 2011.


The Group funding structure remained stable and well diversified with deposits representing 64.5% or RUB 380.9 billion of the total liabilities, interbank accounting for 17.8% or RUB 105.2 billion of the total liabilities, and bonds and promissory notes issued representing 11.2% or RUB 66.1 billion. The Group's net loans to deposits ratio was 118.2% at 31 March 2012.


The Tier 1 capital ratio continued to improve during the first quarter of 2012 and was 12.8% at 31 March 2012 (2011: 12.0%). The Group's total equity was RUB 80.0 billion, including RUB 14.3 billion of non-controlling interest. The total capital adequacy ratio was 16.7% as of 31 March 2012 excluding the impact of the new subordinated debt issued in the second quarter of 2012.


The Nomos Bank Condensed Interim Consolidated Financial Statements in accordance with IFRS as of 31 March 2012 and for the 3 months ended 31 March 2012 are available for viewing at:






Alexander Dmitriev, Head of PR

Phone: +7 (495) 797 3269



Marianna Naumenko, Head of IR

Phone: +7 (495) 737 7355 ext. 2620



Holloway & Associates

Laura Gilbert

Phone: +44 20 7240 2486





Nomos Bank is currently the eighth largest banking group in Russia by total assets and the second largest privately-owned Russian universal banking group with total assets of RUB 662.1 billion and equity of RUB 75.7 billion under audited IFRS accounts for 2011. As at 31 December 2011, Nomos Bank had an extensive branch network in Russia with 292 offices in the economically important regions of the Russian Federation, with the majority of its business concentrated in Moscow, St Petersburg, Tyumen (including the Khanty-Mansiysk autonomous district), the Novosibirsk and Khabarovsk regions. Nomos Bank provides a full range of banking services to corporate, small business and retail clients. As at 31 December 2011, Nomos Bank served approximately 11,300 corporate customers, 78,500 small business clients and almost 1.5m retail customers, including private banking clients. Nomos has long-term international credit ratings of BB from Fitch and Ba3 from Moody's (stable outlook for both ratings).

This information is provided by RNS
The company news service from the London Stock Exchange