Since its foundation in 1993, the prime focus of Novikombank’s operations has been the financial support of the real sector of the Russian economy. In pursuit of this policy, Novikombank is continuing to strengthen its position in the national financial sector.

Today Novikombank is among the top 50 largest Russian banks. The assets of Novikombank as of December 31, 2011 amounted to 100 billion roubles. The solid basis of its balance sheet, high operational efficiency and the good quality of its assets enable Novikombank to remain one of the most stable and reliable Russian banks.

In December, 2008 JSC AVTOVAZ, Russia’s largest car manufacturer, acquired newly issued shares of Novikombank. By the end of 2011 these shares were sold to Russian Technologies State Corporation, which now holds 20% of the Bank’s authorised capital. In June, 2009 in accordance with the Federal law of the Russian Federation № 173 of October, 13 2008 a 480 million roubles subordinated loan maturing December 31, 2018 was extended to Novikombank by Vnesheconombank. It enabled Novikombank to boost its capital base — shareholders equity of the Bank exceeded 9.8 billion roubles.