Penza, 13 October 2015. PenzaNews. The Penza Bank Kuznetsky has published the results of its financial activities over the first nine months of 2015.

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According to the dynamics of the main items in the statement of financial activity from January to September 2015 compared to 2014 month-to-month, total revenue increased by 48.9%, interest income increased by 14%, currency income grew by 37%, and commission income rose by 10%.

At the same time, aggregate expenditure grew by 24%, while operational expenses also rose by 11%.

As of October 1, 2015, the income of Bank Kuznetsky exceeded 1.2 billion rubles, with a net interest profit of 395 million rubles, and pre-tax gross profit before provisions at 38.1 million rubles.

The bank assets by beginning of October reached 4,163,400,000 rubles, growing 6% year-to-year, and the capital base reached 548.7 million rubles, with a gain of 9% thanks to this year’s profit and increased equity capital.

Since the beginning of the year, the bank has provided over 4 billion rubles of loans to companies and individuals, which is 4% more year-to-year.

The October 1 corporate credit portfolio was calculated at 2.1 billion rubles, which is 28% than in the beginning of the year, while individual credit portfolio for the same date reached 760 million rubles.

According to information of Bank Kuznetsky, the portfolio continues to improve, with the share of unpaid loans going down to 4.74% versus 6.26% year-to-year.

At the same time, the company’s investment portfolio increased by 29% from October 1, 2014 levels, up to 277.7 million rubles, and individual deposit fund balance on October 1, 2015, reached 2,398,200,000 rubles: it demonstrated a growth of 333 million, or 16%, since the beginning of the year, with only 2.2% of growth in 2014.

According to current information, the capital adequacy standards on October 1, 2015 are: H1.1 – 8.94% versus the Bank of Russia minimum of 5%; H1.2 – 8.94% versus the minimum of 6%; H1.0 – 11.95% versus the minimum of 10%; H2 – 40.33% versus the minimum of 15%; and H3 – 71.58% 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.