Penza, 1 July 2013. PenzaNews. The rating agency AK & M confirmed that according to the national scale, OJSC Bank Kuznetsky has credit rating “B + +” with “stable” prospect.

As the press service of the financial institution told news agency “PenzaNews,” a key factor of the bank’s credit rating support is a qualitative growth of the main balance sheet and operating results achieved by the end of 2012, which continues in the current year.

“As a result of issuance of additional shares in 2012 and the positive revaluation of assets, equity capital of the bank increased by 1,5 times — from 309,447 thousand rubles as of 1 January 2012 to 461,490 thousand rubles by 1 June 2013. This has improved the adequacy ratio of equity capital by the beginning of this year and stimulated improvement of other indices. As a result, the resource base of the bank increased by 30% to 3,237,323 thousand rubles in 2012 and the first quarter of 2013. Assets increased by 29% — up to 3,654,268 thousand rubles. Last year, the number of customers of the bank grew by 31,1%, and in the first quarter of 2013 — by 2,8%. There is also an increase in the number of loans: last year — by 102,41%, in the first quarter of 2013 — by 6,88%,” the press service of the bank explained.

The financial institution also added that the pre-tax profit of Bank Kuznetsky amounted to 48,163 thousand rubles in 2012, and 8,913 thousand rubles — in the first quarter of 2013.

“Indices of Bank Kuznetsky met the requirements of the Central Bank of the Russian Federation,” the press service of the financial institution pointed out.

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 prospect.