Moscow Small Business Fund Places RUB 500mn on NOMOS- BANK Deposit
OREANDA-NEWS. September 30, 2013. NOMOS-BANK and the Small Business Credit Assistance Fund of Moscow signed an agreement on the placement of the organization’s temporarily free funds on deposit with the Bank.
Based on tender results, from September 2, 2013, temporarily available Fund assets totaling RUB 500 million will be on deposit with NOMOS-BANK for a term of 740 days.
Eight banks have participated in the tender. NOMOS-BANK’s proposal was judged one of the best. Among the criteria used to evaluate participants were interest rate level and bank compliance with all stated requirements, including international long-term credit rating and the bank’s capital adequacy ratio.
NOMOS-BANK offers a wide range of deposits for businesses to effectively manage their free liquidity.
Among the Bank’s offers are overnight deposits including corporate overnight deposit, short term deposit, term deposit without replenishment, deposit with replenishment and partial withdrawal of deposit, savings deposits with replenishment, golden mean deposit, long-term deposit with the possibility of early termination and receiving income based on the actual term of placement, advance deposit, and multi-currency deposit.
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