OREANDA-NEWS. April 26, 2012. Nomos Bank (“NOMOS” or “the Bank” or with its subsidiaries, the “Group”), the seventh largest Russian bank in terms of total assets and the second largest privately owned universal banking group in the country, has been named Best Local Bank in Russia for the year 2011 by EMEA Finance magazine, reported the press-centre of Nomos Bank. 

This award from EMEA Finance, a leading information source for the finance industry in the EMEA region, recognized the Bank’s successful IPO and subsequent excellent performance recorded in 2011.

Introducing this award, Christopher Moore, Publisher & CEO, EMEA Finance magazine, said: “I am delighted to announce that Nomos Bank has won EMEA Finance's Best Local Bank in Russia award in our annual Europe Banking Awards. In addition to this accolade, Nomos Bank is the winner of two Achievement Awards 2011. They are the Best IPO in CEE and the Best Depositary Receipt Programme: Nomos Bank (Depositary Bank: Deutsche Bank). The judging panel felt that the Bank has had a great start to their life as a public company.”

During 2011, in addition to completing its initial public offering successfully amid challenging market conditions, the Group has delivered against its key performance indicators set for the year. In particular, the Bank continued to meet its core objective of maintaining a high level of profitability and achieving sustainable growth.

Commenting on the Bank’s achievements in 2011, Dmitry Sokolov, CEO of Nomos Bank, said: “This award recognizes that 2011 has been a milestone year for the Group. It was a difficult year for the global financial markets, but due to our clear strategy for growth and our team’s commitment to delivering the best possible service to our customers and whilst at the same time implementing the integration of Bank of Khanty-Mansiysk and listing on the London Stock Exchange.