Penza, 30 June 2015. PenzaNews. AK&M rating agency confirmed the credit rating of Bank Kuznetsky at “B++” level on the national scale with a “stable” outlook.

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The key factors that supported the rating were the growth of internal funds, high capital adequacy standards, well-diversified net revenues, coordinated interest policy and stable profit, the press service of the bank informed PenzaNews agency.

Due to profits and growth of equity capital, the bank’s capital stock grew by 10.8% to 575 million rubles over 2014 and the first four months of 2015, while the equity structure also improved and the capital quality indicator increased to 37.6%.

Due to increased equity capital, the capital adequacy ratios surpassed the 13% and 9% thresholds respectively, showing better results than the Russian banking area average.

The agency highly commended these levels, thanks to which the bank now has great potential to increase its profitable programs.

The profit structure of Bank Kuznetsky is well diversified and mostly composted of equally important stable interest and commission profit sources.

The net lending receivables level of the bank remains at a fairly high margin of 67%, which allowed it to stabilize the net interest income levels even during the slight decrease of credit portfolio, thanks to its effective interest policy that connected deposits and loans, further confirmed by the net interest put-and-call that did not go below 7% in 2014-2015.

The bank earned profit in 2014 and the first four months of 2015.

Its effectiveness remains stable and high, and its net profit margin shows thrice the average level in Russia even though the banking sector in the country currently goes down.

“The independent rating of AK&M agency experts is very important for the bank. The confirmation of our credit rating is, first of all, a sign of its stable work and firm position,” Mikhail Dralin, board chairman of Bank Kuznetsky, commented on the rating.

Bank Kuznetsky was founded as a limited liability company and registered by the Bank of Russia on October 26, 1990, under No. 609. On January 19, 2012, it was transformed into OJSC Bank Kuznetsky.

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