Penza, 21 January 2016. PenzaNews. The Penza Bahn Kuznetsky has published the preliminary results of its activities in 2015.

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From January to December 2015 compared to 2014 year-to-year, total revenue increased by 15%, interest income by 16%, currency income by 21%, and commission income by 13%, the press service of the bank informed PenzaNews agency.

As of 1 January 2016, the income of Bank Kuznetsky exceeded 1.74 billion rubles, with a net interest profit of 383 million rubles, and pre-tax gross profit before provisions at 29.4 million rubles.

The bank assets by beginning of January reached 4 billion 257 million rubles, growing 15% year-to-year, and the capital base reached 560.7 million rubles, with a gain of 12% thanks to this year’s profit and increased equity capital, and a net game of 8.4 ,million rubles.

Since the beginning of 2015, the bank provided over 5.4 billion rubles of loans to companies and individuals, which is 6.6% more year-to-year.

The January 1 corporate credit portfolio was calculated at 2.19 billion rubles, which is 15% than in the beginning of the year, while individual credit portfolio for the same date reached 773.3 million rubles. The portfolio continues to improve, with the share of unpaid loans going down to 5.30% versus 5.63% year-to-year.

According to statistics by Bank Kuznetsky, the company’s investment portfolio increased by 29% from the previous year’s levels, up to 339.2 million rubles, and individual deposit fund balance on January 1, 2016, reached 2,747,100,000 rubles: it demonstrated a growth of 528 million, or 23.8%, since the beginning of the year, with only 8.9% of growth in 2014.

According to current information, the capital adequacy standards on January 1, 2016 are: H1.1 – 9.21% versus the Bank of Russia minimum of 5%; H1.2 – 9.21% versus the minimum of 6%; H1.0 – 12.31% versus the minimum of 10%; H2 – 60.45% versus the minimum of 15%; and H3 – 93.19% 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.