OREANDA-NEWS. March 14, 2012. According to the RBC rating “The Top 500 Banks in Terms of Liquid Assets on January 1, 2012”, Novikombank took 26th place, having climbed 67 positions in one year.

Under the development strategy implemented by the bank, it is proactively expanding its lending to the national economy while maintaining the level of its traditionally high-quality assets and high levels of liquidity. In order to maintain the reliability and stability of its business, the bank has created a securities portfolio, about 80% of which are highly-liquid securities that are included in the Lombard List of the Bank of Russia. Novikombank’s highly-reliable assets also include loans for the execution of export contracts, financing of federal programmes, and funding for state defence order contracts.

The reliability of Novikombank’s business model has been confirmed by reputable rating agencies. In October 2011, the rating agency Moody's Investors Service reaffirmed Novikombank’s high level rating of B2 with a stable outlook. The bank was also rated by the leading Russian news agency Expert RA. In 2011, the agency reaffirmed Novikombank’s credit rating of A and assigned an A rating indicating a “high reliability level” to Novikombank's series 01 bond issue.

Since 2010, the bank's total assets have increased by more than two and a half times, and their growth rates have considerably exceeded those of the banking system. As a result of this business expansion, Novikombank is now one of the 50 largest Russian banks. According to the ranking published by Interfax-100, in two years Novikombank gained 34 positions, and on January 1, 2012 took 46th place in the list of the largest financial institutions in Russia by assets.

The effectiveness of Novikombank in its aims to develop the Russian economy, as well as the reliability and stability of its business have been highly rated by the professional community. In 2011, the bank received the Financial Olympus award in the “Potential and Prospects” category, and awards from Expert RA for its “Contribution to the Development of the Russian Industrial Sector.