OREANDA-NEWS. January 27, 2011. NOMOS-BANK has published its condensed interim consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) as of 30 September 2010 and for the 9 months ended 30 September 2010, including the independent auditors’ review report, reported the press-centre of NOMOS-BANK.

Financial highlights of NOMOS-BANK Group’s (hereinafter the "Group") performance as of 30 September 2010 and for the 9 months ended 30 September 2010 are presented below:

The Group’s total assets as of 30 September 2010 amounted to RUB 300.7 billion and increased by 8.5% compared to 31 December 2009 and by 7.7% compared to 30 June 2010. Asset growth was mainly driven by increase in loans to customers by 21.1% up to RUB 196.9 billion as of 30 September 2010 compared to 31 December 2009.

The Group’s total liabilities as of 30 September 2010 amounted to RUB 258.5 billion and increased by 7.5% compared to the beginning of 2010. Customer accounts reached RUB 164.7 billion, an increase of 22.8% compared to the beginning of the year. Net loans to deposits ratio comprised 119.5% as of 30 September 2010 against 121.2% at the end of 2009.

As of 30 September 2010, the Group’s equity amounted to RUB 42.2 billion, a 15.1% increase from the beginning of the year. Tier 1 ratio under the Basel Capital Accord (Basel I) was 13.3% and the total capital adequacy ratio was 19.9% as of 30 September 2010.

Net profit for the 9 months 2010 comprised RUB 5.5 billion, an increase of 40.3% compared to 9 months 2009. Net profit for the third quarter 2010 amounted to RUB 1.8 billion.

Operating income for the 9 months 2010 comprised RUB 12.4 billion, an increase of 29.8% compared to the corresponding period in 2009.

Operating income before provisions for impairment for the 9 months 2010 comprised RUB 15.8 billion and decreased by 22.2% compared to the 9 months 2009, as a result of overall decrease of interest margins in the market, and decline of trading revenues from extraordinary 2009 levels explained by markets recovery and adequate portfolio management throughout the crisis.

Annualized return on average equity (RoAE) comprised 18.5% compared to 15.1% for the 9 months 2009.

Annualized return on average assets (RoAA) comprised 2.5% compared to 1.9% for the 9 months 2009.

Operating expenses to operating income before provision for impairment (Cost to income ratio) remains low at 35.0% for the 9 months 2010 compared to 22.4% for the 9 months 2009. This increase is primarily related to a reduction of operating income before provisions for impairment.

NOMOS-BANK is a universal banking group with branches in economically important regions of the Russian Federation. It is one of the TOP-15 Russian banks by total assets and is also among Russia’s most rapidly growing commercial banks. NOMOS-BANK provides a full range of banking services for corporate clients, small businesses and individuals and is one of the leading participants in the financial markets and the private banking market.