OREANDA-NEWS. November 18, 2011. October of 2011 marks a year since the launch of the Complex Programme for financial institutions “Bank for Banks” in Novikombank. The main distinguishing features of the programme are creation of a unified settlement and payment system in the CIS, active presence on financial markets of Russia, the CIS and Baltic countries, and infrastructure for supporting financial interests of the Bank's clients and partners in key regions. As a result of the programme active development by mid-October 2011 the number of FX/MM partners reached 300, the number of banknote partners totalled 118. More than 60 financial institutions became Loro correspondents of Novikombank, and the accounts’ balances reached RUR 2 billion. MM limits opened in favour of Novikombank increased to RUR 12 billion.

The programme “Bank for banks” provides partner banks a wide range of banking products: multi-currency operations, deposit and foreign exchange operations, banknote operations, documentary operations, a full range of operations on the Russian stock markets, informational support and guidance from the International Banking Club INTERBANKCLUB.COM.

Novikombank is one of the largest operators on exchange and deposit markets, an active participant in the foreign exchange market section of MICEX and the DELTA trading system. The Bank provides non-cash currency trading services to its corporate clients and also to banks, including counterparties from the regions.

Due to the successful implementation of this programme, Novikombank has also offered partner banks improved competitive terms and conditions for its settlement services that meet the highest requirements for banking clearing, and are aimed at minimizing costs for its clients. Novikombank serves a significant portion of rouble-denominated settlements of enterprises providing trade in Russia and the CIS countries.

At the beginning of this year the Bank began to develop banknote business. A variety of currencies are delivered from door to door throughout the Russian Federation and the CIS countries. Delivery time do not exceed 24 hours, and flexible commission rates have been set. Novikombank is supplying banknotes to the branches of its partner banks located all over Russia.

The programme “Bank for banks” helps to promote the Bank’s positioning on financial markets of Russia and the CIS to successfully implement its fund raising programme on domestic capital market. In November 2010 Novikombank successfully placed its debut bond issue for USD 2 billion, and in July 2011 the bond issue for USD 3 billion.

The year was also successful in providing trade finance services to banks in the CIS countries - using documentary business instruments contracts of partner banks from the Republic of Belarus, Tajikistan, Ukraine and Kazakhstan for the total amount more than USD 30 million were financed. For the first time Novikombank acted as Lead arranger of syndicated loans for Belarusian banks: Belarusbank, Belinvestbank and Paritet Bank.

The fundamental principles of our business are full-service approach to partner banks, flexible fee policy, and individual attention to partner banks.