Penza, 21 December 2015. PenzaNews. The Penza Bank Kuznetsky has summed up its financial activities over the first 11 months of 2015.

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Compared to 2014 month-to-month, the total revenue of the company increased by 44%, interest income grew by 20%, currency income rose by 20%, and commission income grew by 12%.

At the same time, aggregate expenditure increased by 33%, accompanied by an overall increase of operational expenses by 8%.

As of December 1, 2015, the income of Bank Kuznetsky exceeded 1.5 billion rubles, with a net interest profit of 486 million rubles, and pre-tax gross profit before provision at 44.2 million rubles.

The bank assets by beginning of December reached 4,217,700,000 rubles, growing 11% year-to-year, and the capital base reached 555.2 million rubles, with a gain of 3%, thanks to this year’s profit and increased equity capital.

Since the beginning of the year, the bank has provided over 4.9 billion rubles of loans to companies and individuals, which is 7.3% more year-to-year.

The December 1 corporate credit portfolio was calculated at 1.9 billion rubles, which is 21% more than in the beginning of the year, while individual credit portfolio for the same date reached 726.8 million rubles.

According to information of Bank Kuznetsky, the company’s investment portfolio has doubled since year’s beginning, up to 308.7 million rubles, and individual deposit fund balance on December 1, 2015, reached 2,473,300,000 rubles. It demonstrated a growth of 408 million rubles, or 19.7%

According to current information, the capital adequacy standards on December 1, 2015, are: H1.1 – 9.07% versus the Bank of Russia minimum of 5%; H1.2 – 9.07% versus the minimum of 6%; H1.0 – 12.04% versus the minimum of 10%; H2 – 58.82% versus the minimum of 15%; H3 – 87.73% 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.