Penza, 9 August 2016. PenzaNews. The AK&M rating agency has confirmed the bank credit rating of Penza Bank Kuznetsky at “B ++” on the national scale with a “stable” outlook.

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As the press service of financial institution told PenzaNews, key factors of the bank credit rating are positive dynamics of the main balance sheet indicators, steadily high level of the standard rate H1.0, profitable activities, decrease in overdue debt, a considerable share of highly liquid assets and good structure of the income.

At the moment Bank Kuznetsky shows positive dynamics of the main balance sheet indicators.

According to official data, from April 1, 2015 till May 1, 2016 bank assets grew by 15.6%, having reached the level of 4,344.8 million rubles. Liabilities increased by 18.6% amounting to 3,856.1 million rubles.

The structure of assets is characterized by growth of those investment resources which directly influence the bank income. During the stated period the loan net debt and securities portfolio grew by 324.6 and 129.7 million rubles respectively.

Growth of active transactions of PJSC Bank Kuznetsky is followed by the stable and comfortable level of CAR. The index is characterized by low volatility and is within considerable distance from regulator borders — in 2014-2015 the average made 12.7%. The current standard rate — over 11% — shows the good capacity of credit institution on leveling of possible financial losses.

The agency stated the remaining profitable nature of bank activities. The vast majority of the quarter periods of 2014-2015 have positive financial result. At the same time the net profit for the first quarter 2016 exceeds that of the similar period last year by 15%.

Positive dynamics of loan debt developed against relative permanency of overdue loans. As a result the share of assets with overdue payments for the period has decreased by 1.2 percentage points to 6.8%. The payment history shows good payment behavior of bank borrowers, and is characterized by low index of overdue debt up to 30 days — 0.6%.

Net income of the bank consists generally of interest and commission incomes. The bank is independent from rate fluctuations and securities cost due to insignificant share of the income of speculative nature and no noticeable loss in their respect. The prevailing share of interest incomes speaks about high competitiveness of organization and its activity in the market of banking services.

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.