OREANDA-NEWS. September 03, 2013. As of 30 June 2013, loans issued to small businesses totalled RUB 44.5bn billion (under IFRS), demonstrating a 14.3% increase since 31 December 2012.

Small business segment continues to be one of the Group’s fastest-growing segments. As of 30 June 2013, the small business loan portfolio accounts for 6.3% of the total loan portfolio of the Group including corporate, retail, small and investment business.

Fedor Sytin, Head of small business segment: “Developing the small business segment continues to be a priority for Nomos-Bank. The segment continues to grow above the average market rate. Quite a large number of services and new loan products are being developed: very soon, we will come up with new interesting solutions”.

In the first half of 2013 the segment’s operating income before provisions for impairment was RUB 2.6bn, or 11.6% of the aggregate of the Group’s four key business segments.

The segment's net income for the first half of 2013 amounted to RUB 850mn, demonstrating a 1.4% year on year increase. As of 30 June 2013, Nomos Group serviced 85,000 small business clients.