Penza, 13 April 2016. PenzaNews. The income of the Penza Bank Kuznetsky has reached over 185 million rubles in Q1 2016.

© PenzaNewsBuy the photo

As of April 1, the bank’s net interest profit reached 51 million rubles, with net commission income of 41.4 million rubles, and pre-tax gross profit before provisions at 23.5 million rubles.

The bank assets by beginning of April reached 4 billion 309.5 million rubles, which is 15% more year-to-year, with the capital base of 546.9 million rubles.

The main financial results of the bank in Q1 2016 compared to a year ago are as follows: total revenue – up by 20.3%; interest income – up by 17.2%; currency income – up by over 180 times; commission income – up by 28.5%; total expenditure – up by 17%; operating expenditure – up by 4%.

Since the beginning of 2016, the bank provided over 1.2 billion rubles of loans to companies and individuals, which is 30% more year-to-year.

The April 1 corporate credit portfolio was calculated at 2.2 billion rubles, which is 27% than in the beginning of the year, while individual credit portfolio for the same date reached 746 million rubles.

The bank’s investment portfolio has doubled to 338 million rubles, while deposit volume on 1 April 2016 reached 2.4 billion rubles, which is 386 million rubles (19%) more year-to-year. The company deposits and account balances grew by 208 million rubles (21%).

According to current information, the capital adequacy standards on 1 April 2016 are: H1.1 – 8.65% versus the Bank of Russia minimum of 5%; H1.2 – 8.65% versus the minimum of 6%; H1.0 – 11.31% versus the minimum of 10%; H2 – 47.55% versus the minimum of 15%; and H3 – 69.58% 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.