Thursday, August 17, 2017

Ural area Khanty-Mansiysk Bank branches to be transferred to NOMOS-BANK

NOMOS-BANK's shareholders voted recently to transfer Khanty-Mansiysk Bank branches in the regions of Sverdlovsk and Chelyabinsk to NOMOS, though three offices will continue to operate in their respective regions.

"This decision was made as part of the integration of NOMOS-BANK into Otkritie Financial Corporation," NOMOS CEO Dmitry Romaev said. "During 2013, the Group's business development in these regions will be under the NOMOS-BANK brand. This will ensure [a] comfortable transition for our clients, who will be serviced by a single banking structure, which will be created through the merger of NOMOS-BANK and Otkritie Bank."

Clients and small businesses associated with Khanty-Mansiysk Bank will see their business transferred to NOMOS, which will continue to service any loans or contracts under the agreed conditions.

Accountholders with NOMOS and Khanty-Mansiysk can access either bank's ATM network to withdraw or transfer funds without paying a fee. Future plans to consolidate the ATM networks of NOMOS, Otkritie and Khanty-Mansiysk will provide customers with access to approximately 2,000 ATMs in more than 125 cities across Russia.

The banks initiated the merger in August after Otkritie purchased a 19.9 percent stake in NOMOS and announced its intention to consolidate up to 100 percent of NOMOS' shares between this year and next year. The completion of the merger will make Okritie Financial Corp. the second largest financial firm in Russia.