OREANDA-NEWS. April 26, 2012. Novikombank was the winner of two competitions held by FUE Samara Region’s Guaranteed Fund for Support of Entrepreneurial Activity in the Samara Region in March-April 2012.

The first competition held by the Fund was aimed at selecting financial organizations to conclude agreements on cooperation regarding the provision of guarantees by the Fund.

The second competition was to select banks to serve as depositaries for monies from FUE Samara Region’s Guaranteed Fund for Support of Entrepreneurial Activity in the Samara Region.

On April 12, following Novikombank’s victory in the competition, an agreement was signed with the Bank’s branch in Samara authorising the deposit of 150 million roubles from the Samara Region’s Entrepreneurial Support Fund.

The Fund authorized the placement of 24 lots for a total of 360 million roubles.

Novikombank’s work with the Fund reflects its strategic priority of expanding operations in all segments of the banking services market and developing the Bank’s efforts in one of its key locales – the Samara Region.