NOMOS Bank President to Oversee Establishment of Russian-Kazakh Investment Bank

Russian Prime Minister Mikhail Fradkov has appointed NOMOS bank president Igor Finogenov as aide to the finance minister.
In his new capacity, Finogenov will oversee the establishment of the Russian-Kazakh Eurasian Development Bank, subsequently taking its helm.
In mid-2005, President Vladimir Putin and Kazakh President Nursultan Nazarbayev agreed to speed up work on founding a Russian-Kazakh interstate bank. It may begin operations already next December. The bank will have a capital of $1.5 billion, headquarters in Almaty and a branch in St. Petersburg.