IN 1997, JUST a year before the Russian financial system melted down, five men met in a kindergarten after the children had gone home and worked out a plan to start a bank. One of the men was Dmitri Sokolov, the current chief executive of Nomos Bank, which listed this April in London and unlike many Russian stocks is trading above its initial listing price.
Although 1997 might have seemed an inauspicious time to start a banking business, being able to ride out financial storms has been one of the keys to Nomos’ success.
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