OREANDA-NEWS. Otkritie Financial Corporation has announced changes to its banking business integration structure. Under the new structure, business development will be based on the trio of NOMOS-BANK, Otkritie Bank and Khanty-Mansiysk Bank.

The banks’ IFRS balance sheets will be consolidated on the basis of NOMOS-BANK. NOMOS-BANK will hold controlling stakes in Otkritie Bank and Khanty-Mansiysk Bank. Otkritie FC will consolidate a controlling stake in NOMOS-BANK by the end of Q313.

Ruben Aganbegyan, CEO of Otkritie FC: “This structure is the most efficient in terms of maintaining the group members’ current profitability, as it enables maximum usage of each bank’s advantages, and makes it possible to focus on key client segments”.

NOMOS-BANK as the group’s leader will service corporate customers, and Otkritie Bank will focus on retail. Khanty-Mansiysk Bank as a strong regional player will develop into a full-service bank with an emphasis on the Khanty-Mansi Autonomous Area and the Tyumen Region where it holds a significant share of the market.