Penza, 15 August 2012. PenzaNews. Pretax profit of bank Kuznetsky for the first seven months of 2012 made up 11,566 million rubles; net profit — 5,043 million rubles.

“The assets of the bank increased by 14,6% to 3,261 billion rubles year to date. Currently, the bank’s equity basis amounts to 375 million rubles, growth — 22% to the same date of the last year,” said Chief Specialist of Marketing and Advertising Department of the bank Kseniya Akimova.

She added that the source of growth is current year income and bank property value growth. Capital adequacy as of August 1 stands at 11,48%.

“Since the beginning of 2012, the bank granted loans to enterprises and individuals in the amount of 2,705 billion rubles. There is still a sufficient level of coverage of the overdue debts with reserves: as of August 1 of the current year reserves for loans amounted to 158,8 million rubles and 4,35 times exceeded the amount of overdue debt,” explained Kseniya Akimova.

She stressed that loan profile quality improves – the share of overdue loans declined to 1,50% vs. 1,59% as to the corresponding date of last year.

These figures are calculated in accordance with special methods of the bank Kuznetsky.

Bank Kuznetsky was founded as a limited liability company and registered on October 26, 1990 under register number 609. On January 19, 2012 it was transformed into OJSC Bank Kuznetsky.

OJSC Bank Kuznetsky was included into the register of banks-participants of the system of obligatory insurance of contributions on January 14, 2005 under register number 428. In July 2012, the leading independent national rating agency “Analysis, consultations and marketing” confirmed the bank rating “B ++” with stable prospects.