Support The Moscow Times!

Nomos Income Up 35%

Nomos Bank, the lender part owned by Alexander Nesis, increased net income by 35 percent last year as net fees and commissions rose, outweighing a decline in net trading income.

Net income climbed to 10 billion rubles ($345 million) from 7.4 billion rubles a year earlier, the Russian lender said Tuesday.

Net interest income almost doubled to 28 billion rubles, and return on average equity was 18.2 percent last year, Nomos said. Nonperforming loans amounted to 2 percent of lending at the end of 2011, down from 2.4 percent a year earlier, the bank said.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.