Novikom Bank Aims for Russia's Top 10 by 2036 with Bold Growth Plan
Novikom Bank Sets Ambitious Goals to Enter Russia's Top 10 Financial Institutions
The bank has been tasked with ambitious objectives, the fulfillment of which will drive exponential growth in key metrics and secure its place among the country's top 10 financial institutions. Over the next decade, Novikom Bank plans to increase its assets 2.8-fold and grow its equity by more than three times.
The bank's new strategy aligns with the long-term priorities set by RT-Finance Holding through 2036. Amid rising competition between fintech firms and traditional banks, as well as shifting market conditions, Novikom has solidified its long-term goals and established benchmarks for its financial model.
Andrey Kondratyev, CEO of RT-Finance Holding, commented:
"The development strategy approved in 2025 outlines RT-Finance's objectives across all areas of operation, fully aligned with the strategic goals ofRostec State Corporation. The new holding strategy envisions the creation of a financial ecosystem for the corporation, withNovikom Bankas its flagship institution and a key component. The foundation of this ecosystem will be the seamless provision of interconnected products and services in a convenient, customer-centric manner."
In this new strategic phase, Novikom will continue evolving as a universal bank, aiming to sustain above-market growth in its core performance indicators. This will be achieved by deepening partnerships with Rostec enterprises and participating in large-scale projects alongside development institutions.
The bank's growth drivers will also include diversifying its client base and expanding collaborations with industry leadersāfrom marketplaces and IT companies to metallurgy, nuclear energy, and other key sectors of the Russian economy. Its universal approach and broad range of financial products will enable Novikom to effectively penetrate new economic segments.
Yelena Georgiyeva, Chair of Novikom's Board, stated:
"Our long-term strategy serves as a guiding framework for the next decade, defining the bank's key priorities as a universal financial institution. Implementing this strategy will strengthen Novikom's market position and propel it into the top 10 largest banks in Russia by asset volume. We intend to significantly expand our presence in niche markets by leveraging our accumulated expertise across diverse projects and offering tailored solutions to partners in every sector of the economy."
By 2036, the bank's strategic roadmap includes the systematic transformation of business processes to meet market challenges and regulatory demands, with a strong focus on digitalization. Novikom plans to further develop remote service channels, enhance its internet and mobile banking platforms, and bolster cybersecurity measures.
In recent years, Novikom has shown steady growth in key financial metrics. By the end of 2025, it ranked among Russia's top 15 largest banks by total assets, which reached 1.465 trillion rubles. The bank expanded its corporate loan portfolio by 37% to 715 billion rubles and achieved one of the highest returns on equity in the market. Strong credit ratings from both Russian and international agencies underscore the reliability of its financial model.
