OREANDA-NEWS. December 24, 2012. NOMOS-BANK and MSP Bank signed the mutual agreement on participation in the state program for support of small and medium business “Financing innovation and modernization.” As part of the agreement MSP Bank granted a loan of RUB 1 billion to NOMOS-BANK for a 5 year term. The funds will be used to support small businesses, which develop innovative, modernizing, or energy-efficient businesses.

Small business customers can apply for a loan with favorable terms: 12.5% rate — applicable ??in all regions where the Bank operates. Funding can be used for the purchase or upgrade of equipment, vehicles, machinery; for the expansion of the existing product range; to introduce new technologies, or to create new businesses and jobs.

“Today small enterprises need customized solutions to finance their business development, therefore the need for such targeted programs is high. The partnership with MSP Bank will open new opportunities for small businesses to finance the long-term investment projects”, said the Director of Small business banking at NOMOS-BANK, Roman Lesokhin.

NOMOS-BANK has been working with MSP Bank since 2009. This partnership resulted in financing of over 18,000 SMEs and the volume of financing reached more than RUB 18 billion.

OJSC “MSP Bank” was established in 1999. One hundred percent of shares of MSP Bank are owned Vnesheconombank. The international credit ratings of MSP Bank are: Standard & Poor’s (BBB) ??and Moody’s Investors Service (Baa2).

NOMOS-BANK Group is the seventh largest Russian banking group by assets and the second largest Russian private universal bank. Consolidated assets of the Group under IFRS as of 30 September 2012 totaled RUB 771.7 billion, with equity at RUB 87.0 billion. NOMOS-BANK Group has a broad regional network, which as of September 30 2012 consisted of 300 offices in economically important regions of Russia. A significant portion of the Group’s business is concentrated in Moscow, St. Petersburg, Tyumen region (including the Khanty-Mansi Autonomous District), Novosibirsk Oblast and Khabarovsk Krai.

NOMOS-BANK Group provides a wide range of banking services to corporate, retail and small business segments. As of 30 September 2012, NOMOS-BANK’s client base totaled 13,200 corporate customers, 83,000 small business clients and around 1.5 million retail customers, including private banking clients.

NOMOS-BANK’s is rated BB By Fitch and Ba3 by Moody’s.