OREANDA-NEWS. August 01, 2011. Nomos-Bank plans to raise up to USD 600 million via a share sale to finance the purchase of the remaining stake in a subsidiary, analysts said in a research note.

The midsized bank, ranked among Russia's top 15 lenders by assets, needs funds to buy 48.7 percent of Bank of Khanty-Mansiysk, analysts at Metropol said in a note following a meeting with the lender's representatives.

"Nomos-Bank aims to buy the remaining stake in Bank of Khanty-Mansiysk by the end of 2011 and close the deal by the spring of 2012. It plans to raise USD 500 [million]- USD 600 million via an SPO [secondary public offering]," the note said.

Nomos, which paid 12.1 billion rubles (USD 439 million) for a 51 percent stake in the subsidiary last year, declined to comment on the report.

Nomos raised USD 782 million via an initial public offering in London in April, which became the largest placement by a privately held Russian bank to date.

Metropol added that Nomos also plans to raise USD 500 million via a subordinated loan and sees its net profit at 14 billion rubles in 2011.

The lender's previous forecast stood at more than 11 billion rubles.

Czech businessman Petr Kellner is a shareholder in Nomos-Bank. He controls Czech investment group PPF, which owns Home Credit, has more than 3 billion euros (USD 4.29 billion) in assets.