Penza, 19 May 2016. PenzaNews. The Penza Bank Kuznetsky has published the results of its financial activities over the first 4 months of 2016.

© PenzaNewsBuy the photo

From January to April 2016 compared to 2015 year-to-year, the bank’s total revenue increased by 22%, interest income by 15%, currency income by more than 5.5 times, and commission income by 24%, the press service of the bank informed PenzaNews.

At the same time, its total expenditure grew by 20%, and operating expenditure by 5%.

As of 1 May 2016, the income of Bank Kuznetsky exceeded 258.8 million rubles, with a net interest profit of 66.7 million rubles, net commission income of 53.6 million rubles, and pre-tax gross profit before provisions at over 36 million rubles.

The bank assets by beginning of May reached 4 billion 344.8 million rubles, which is 14% more year-to-year, with the capital base of 537.3 million rubles.

Since the beginning of 2016, the bank provided over 1.7 billion rubles of loans to companies and individuals, which is 14% more year-to-year.

The May 1 corporate credit portfolio was calculated at over 2 billion rubles, which is 18% than in 2015 year-to-year, while individual credit portfolio for the same date reached 736 million rubles.

According to Bank Kuznetsky data, the investment portfolio has increased by 3% to 301 million rubles, while deposit volume on 1 May 2016 reached 2.4 billion rubles, which is 249 million rubles (12%) more year-to-year. The company deposits and account balances grew by 340 million rubles (36%).

According to current information, the capital adequacy standards on 1 May 2016 are: H1.1 – 9.04% versus the Bank of Russia minimum of 5%; H1.2 – 9.04% versus the minimum of 6%; H1.0 – 11.78% versus the minimum of 10%; H2 – 47.86% versus the minimum of 15%; and H3 – 90.87% versus the minimum of 50%.

The levels were calculated using the formulas developed by the bank itself.

Bank Kuznetsky was founded as a limited liability company and registered by the Bank of Russia on October 26, 1990, under No. 609. It was transformed into an OJSC on January 19, 2012, and into a PJSC on September 17, 2015.

On January 14, 2005, Bank Kuznetsky was included into the register of banks that are enrolled in the compulsory deposit insurance system under No. 428. In July 2015, AK&M rating agency confirmed the bank credit rating at “B++” on the national scale with a “stable” outlook.